DnB NORD selects FinArch
DnB NORD selects FinArch's Financial Studio for global Basel II compliance.
Financial Architects (FinArch), international provider of a Finance Resource Planning (FRP) platform for the finance industry, has announced that Bank DnB NORD, a joint venture between Norwegian DnB NOR and German NORD/LB Norddeutsche Landesbank, has selected Financial Studio as the core platform to answer its capital management and MIS requirements.
The implementation of Financial Studio will embrace the whole DnB NORD organisation in the Baltic region, including Denmark, Estonia, Finland, Latvia, Lithuania and Poland. The project will be executed in subsequent phases to produce meaningful results within a minimum of time.
The major focus in the first phase is to ensure that DnB NORD complies with the Basel II provisions by January 1 2008, following the Standardised Approach. Subsequently the adoption of the more advanced IRB Approach to credit risk is scheduled, as well as the introduction of RAROC functionality and an economic capital model. At the reporting side, COREP reporting is fully covered, while consolidated figures will be reported to the parent company DnB NOR in Norway.
BaselAlert.comOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Risk management
The changing shape of variation margin collateral
Financial firms are open to using a wider variety of collateral when posting VM on uncleared derivatives, but concerns are slowing efforts to use more non-cash alternatives
Repo clearing: expanding access, boosting resilience
Michel Semaan, head of RepoClear at LSEG, discusses evolving requirements in repo clearing
The state of IMA: great expectations meet reality
Latest trading book rules overhaul internal models approach, but most banks are opting out. Two risk experts explore why
How geopolitical risk turned into a systemic stress test
Conflict over resources is reshaping markets in a way that goes beyond occasional risk premia
Many banks see obstacles to options-based IRRBB hedging
Liquidity, accounting treatment and culture seen as impediments to wider use of swaptions, caps and floors
ALM has no formal role in capital planning at a third of banks
Risk Benchmarking study finds banks split three ways on policy mandates, with G-Sibs as likely as small regionals to assign ALM formal responsibility
Fed pivots to material risk – but what is it, exactly?
Top US bank regulator will prioritise risks that matter most, but they could prove hard to pinpoint
SGX fortifies its defences to ward off tomorrow’s outages
Exchange operator fosters “breach mentality” to help prepare for business disruption, explains risk chief
