LONDON – Optial, the operational risk specialist, announced today a strategic partnership with financial software provider Fernbach. The partnership will embed Fernbach's modelling tool, FlexFinance®...
Fernbach is to launch a holistic platform to feed existing risk engines
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
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Industrial and Commercial Bank China (ICBC) Asia has purchased Fernbach Software’s FlexFinance software to fulfil the bank’s international financial reporting standards (IFRS) requirements.
Software company Fernbach has translated its FlexFinance Basel II software into Arabic. The software, which aims to enable banks to comply with the regulatory requirements of the three pillars of Basel II, provides a centralised data management structure...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.