German mortgage bank Eurohypo has bought Paris-based Fermat’s risk management suite for regulatory risk, credit risk and asset and liability management.Eurohypo, which offers real estate and public-sector financing, was created in 2002 from the merger of Deutsche Hyp, Eurohypo and Rheinhyp – the real estate and public lending subsidiaries of Dresdner Bank, Deutsche Bank and Commerzbank. Following this, a new technical architecture was required, as well as a common software suite set to monitor risks and to enable global business operations.
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.
More on Technology
Sponsored feature: Northern Trust
Off-the-shelf energy trading and risk management (ETRM) systems are more popular than ever before, according to Energy Risk’s annual software survey. However, companies say they still require sig...
Structured Products Technology Rankings 2014
Change from above
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.