More NewsKorean Bank Completes Installation Of Reuters Risk Management System

Korean Bank Completes Installation Of Reuters Risk Management System

Following the installation of Reuters’ Kondor+ risk and trade management system, Korea First Bank (KFB) has become the first bank in Korea to use a fixed income risk management module that can handle Korean bonds. Kondor+ is a real-time position keeping system that offers a flexible means of capturing deals and managing risk. According to Robert Cohen, Chief Executive Officer of KFB, the system arrived not a moment too soon: ‘The need for a quality risk management system in today’s banking environment cannot be underestimated. As we move to increasingly complicated financial products and attempt to secure greater trading volumes, the need to manage risk is essential.’

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