enterprise risk paul bristow gave call minutes ago sending info also received email yesterday relating operational risk evidently cibc purchased software help quantify exposure kevin forwarded kevin kindall corp enron 08 08 2000 10 06 tao xin 08 07 2000 12 26 00 pm undisclosed recipients cc subject press release netrisk announces sale riskopstm software c anadian imperial bank commerce erste bank please find attached update recent riskops sales addition currently implementing riskops continental european financial insitution tokyo based japanese financial institution neither members hope issue press release clients near future kind regards lara swann netrisk announces sale riskopstm software canadian imperial bank commerce erste bank greenwich ct july 11 2000 netrisk inc risk management software advisory firm today announced canadian imperial bank commerce cibc erste bank purchased licenses riskops tm software product measuring managing enterprise wide operational risk operational risk includes risk direct indirect loss causes diverse rogue trading technology failures improper sales practices erste bank second largest austrian bank canadian imperial bank commerce second largest canadian bank plan use riskops tm continuing basis help evaluate quantify firm wide operational risk capital results integrated risk adjusted return capital raroc consolidated enterprise market credit operational risk measures measures help banks better allocate resources evaluate individual business units risk adjusted basis improve strategic decision making delighted continue working relationships cibc erste bank offering riskops tm solution complete operational risk measurement management processes says dan mudge founding partner netrisk operational risk forefront regulators minds cibc erste bank taking leading positions industry quantifying capital risk business line riskops tm enabled us comprehensively measure manage operational risk businesses says tony peccia head operational risk management cibc riskops tm gives us tools need capital allocation purposes also strategic decision making formal inclusion operational risk overall risk management framework required significant commitment erste bank riskops tm used estimate capital risk business thereby creating incentive stronger risk management within bank says franz reif head risk management erste bank addition plan work swiss new markets evaluate risk financing alternatives ensure capital used efficiently netrisk pleased continue leadership role helping financial services industry develop methods tools quantify manage operational risk said rob ceske head netrisk operational risk management division another example data standards developing conjunction multinational operational risk exchange tm tm includes cibc significantly benefit industry ability exchange loss risk data riskops tm incorporates database published operational risk losses financial services industry combined web based software allow users understand operational risk analyze loss probabilities scale losses firm determine operational risk profiles including operational capital risk product displays graphical analyses causes effects probabilities severities operational risk specific descriptions events measures help senior management risk managers understand quantify sources operational risk riskops tm available via internet means standard browser netrisk netrisk mission bring cost effective practical leading edge risk solutions clients creating line communities risk analytic software delivered via internet products services offered netrisk include riskops internet based operational risk management solution crystal box interactive performance risk reporting investment professional risk advisory enterprise risk management consulting advice solutions financial services industry gene shanks former president bankers trust founded netrisk inc 1997 netrisk offices greenwich ct new york city london additional information netrisk available http www netrisk com morexchange org canadian imperial bank commerce canadian imperial bank canada canada number two bank 1350 branches range banking services including checking savings accounts investment products mortgages loans credit cards consumers small mid sized businesses addition bank underwrites sells life credit personal property casualty non medical health insurance cibc world markets provides investment banking financial services north america europe latin america erste bank erste bank austria oldest second largest commercial bank bank business six core segments retail banking corporate banking treasury trading sales real estate financing asset management approximately 300 branches international offices new york hong kong london austrian banks consolidate erste bank increasing presence eastern europe subsidiaries croatia hungary acquired 52 shares ceska sporitelna second largest bank czech republic czech government one erste bank largest shareholders savings 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