Merrill Lynch Bank Manages Currency Risk With Internally Developed Global MIS System
THIS WEEK'S LEAD STORIES
Early in 1988, planners at Merrill Lynch targeted foreign exchange trading as a critical element of the firm's growth as a global investment bank.
But before Merrill Lynch International Bank (MLIB) could gear up its forex trading operation, corporate risk managers called for a comprehensive and sophisticated risk management system. "We insisted, from a risk management standpoint, that all of the proper systems be in place," says Danny Napoli, senior vice president, risk management, at Merrill
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