RBC Financial Group (RBC) is implementing RISQUE, the risk management software from Paris-based Sophis, to improve reporting, enhance market risk controls and minimize operational risks. RBC will implement the system across global arbitrage trading, structured products, synthetic fund of funds and convertible bonds desks located in New York, London and Tokyo. RBC was looking for a single system to process multiple instrument types across several geographical locations to meet regulatory requirements and effectively manage operational risk in the middle and back office. Sophis' structured products capabilities were a key factor in the selection process.

"We wanted a single system to manage multiple instruments across several locations globally," explained Peter Sanchez, global head of operations for capital markets and securities at the bank.

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