Standard Chartered Bank has moved to enterprisewide risk measurement with the installation of software from Algorithmics in its London and Singapore offices.

The Riskwatch system from Algorithmics, a Toronto risk software house, does global value-at-risk calculations, scenario analysis, stress tests, and other market risk measurements.

Various systems from Standard Chartered's international trading hubs gather regional data that are fed into Riskwatch for consolidated analysis, said Ben Salama, vice president at Algorithmics.

Riskwatch was tailored for Standard Chartered's major Asian market presence with bank-customized models, plus interfaces to internally developed risk calculation models, he said.

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