TORONTO - Canadian Imperial Bank of Commerce has completed installation of a new risk management system for its global trading operations.
The Global Credit Limit System is based on software from General Electric Information Services.
The $116 billion-asset bank said the system will enable it to link all its international branches and will provide trading managers with instant information on their credit exposure client by client.
The system "provides reporting by industry classification, geographic location, and credit quality," said Barry Bruce, a vice president.
- Matt Barthel and Karen Epper