TECHNOLOGY

TECHNOLOGY

Canadian Imperial Bank of Commerce (CIBC) has upgraded its bank-wide risk management systems with the help of Market Data Systems (MDS), a London-based software consultancy house. Robert Mark, CIBC's executive vice president of corporate treasury and risk management, says the new risk database collates real-time and historical market data, credit risk information, trading positions data and statistical analytics.

"MDS helps create the environment in which we calculate correlations and volati