Bank of China checks up on US branches

China''s oldest bank will use an internet tool to measure the operational risks run by its US branches.

Bank of China will employ a JPMorgan-inspired tool to measure the operational risks run by its branch offices in the US. Called Horizon, the internet-based software helps banks to document their risk mitigation controls and evaluate a business units' compliance with those controls.

JPMorgan developed the software in-house to monitor its own processes and is now selling the solution to others. This is a way for Bank of China to keep an eye on its...

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