German mortgage consortium to manage risk with Fermat
German mortgage bank Eurohypo has bought Paris-based Fermat’s risk management suite for regulatory risk, credit risk and asset and liability management.
The package was sold to Eurohypo by Ubitrade, Fermat’s distributor in Germany.
Hans-Joachim Lübbing, project manager at Eurohypo, said the risk management suite will be used to handle current and upcoming regulatory and economic requirements, including the Basel II Accord and IAS requirements, for asset liability measurement and global credit risk monitoring.
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