The global financial crisis, which began in mid-2007, has revealed significant market failures in the banking system. A key characteristic of the crisis was the inaccurate and ineffective management of liquidity risk.
In response to that, the Basel Committee set up a number of fundamental reforms in the Basel III framework. Basel III introduced new standardised measures and new stress testing techniques for banks’ liquidity risk exposure.
It is time to prepare for the new regulatory challenges in liquidity risk measurement.
This webinar provides an overview of liquidity stress testing approaches within the regulatory framework and shows solutions for liquidity risk measurement.

FERNBACH Software GmbH is pleased to announce the successful implementation of the IFRS project at Romania’s BANK OF THE YEAR 2010, a subsidiary of Groupe Société Générale in Bucharest.

BANK OF THE YEAR 2010 selected FERNBACH’s FlexFinance IFRS product because of its approved track of successful installations and its accredited compliance with IFRS standards.  With particular focus on the accuracy and IFRS-compliant computation of valuation results FlexFinance IFRS copes with one of the biggest retail portfolios in Eastern Europe.

FERNBACH will present a paper entitled “Components of an integrated financial architecture" at the conference. Thorsten Frese, Product Director Risk, will highlight solution scenarios for small and medium-sized banks and deal with the assurance of data integrity for IFRS9 and Basel III. Examples and case studies will be shown using international subsidiaries and branches.

The IQPC symposium brings together business and IT experts and addresses the following topics: integrated financial architectures, regulatory news and their effects on reporting, controlling and the overall process and system landscape as well as uniform ratios, reporting and measuring instruments for the entire company.

In this conference, industry professionals provide high-level practical strategies to develop an effective risk management system.
FERNBACH, together with their Russian partner IBS, will contribute to the event with a presentation on "IT implications: Impact of Basel III on IT infrastructure". Thorsten Frese, Product Director Risk, will explain the systems that are affected, the challenges that arise and the characteristics of a Basel III compliant IT infrastructure. A case study on liquidity stress testing will also be presented.

Since the financial crisis in 2009, no other topic has been emphasised more than “Impairment”. The general opinion regarding IAS 39-compliant risk provisioning is that it is “too little too late”. The upcoming IFRS 9 will cause a shift from the incurred but not reported losses to the expected loss model.

This webinar provides an overview of how a standardised software package, FlexFinance® IFRS, covers the entire process chain for collective and individual assessment under IAS 39 today. In addition, it provides an outlook of how IFRS 9 requirements will impact the handling of impairment in the future.

The introduction of IAS comprised a paradigm shift in accounting. Now, the introduction of IFRS 9 represents a new challenge. The requirements for classifying, valuing and hedging financial instruments will be revised completely. Depending on the way they were implemented, there is a high chance that current IAS 39 solutions must be discontinued, unless major effort is spent to keep them in operation. It is time to analyse the impact of IFRS 9 on the process chain of accounting.
This webinar provides an analysis of lessons learned while implementing IAS39, in addition to a summary and explanation of the latest IFRS 9 requirements.

The application FINE, which allows process-oriented processing of lending operations ranging from loan applications to payouts and currently supports 240 independent „Raiffeisen“ banks in the sectors „retail lending and standardised corporate lending“, was jointly developed by R-Solution and FERNBACH and taken as the basis for their collaboration at project implementation and marketing level.

FERNBACH was invited to speak at the International Banking Conference which focused on ALM, treasury and risk managers as well as dealers, auditors and analysts. Thorsten Frese, Product Director Risk & Lending at FERNBACH, held a presentation on "Liquidity Stress Testing in Volatile Times" which covered the following topics: Challenges in liquidity stress testing, liquidity stress testing within the regulatory framework and aspects of a comprehensive liquidity risk solution. The conference was sponsored by FERNBACH's Polish partner StatConsulting.

FERNBACH participated in the IFRS 9 Implementation Conference with a paper entitled "Analysing the Cost Impact of IFRS 9 Implementation and Assessing Ways to Mitigate that Cost".
The conference is a focussed industry gathering in Central London dedicated to Accounting, Finance, Reporting, Operations, Audit, Risk, Product Control, and Valuations in banks and other financial institutions. It covers Recent Developments & Emerging Best Practice in IFRS 9 Implementation and Replacement of IAS 39 Accounting.

The introduction of IAS represented a paradigm shift for accounting. Now, the introduction of IFRS 9 represents a new challenge. The requirements for classifying, valuing and hedging financial instruments will be revised. Depending on the way they were implemented, current IAS 39 solutions cannot be used further or only with major effort.

The webinar gave an overview of the new requirements and showed how your bank can benefit from IFRS 9 implementation with lessons learned during IAS 39 implementation.

The seminar conducted by FERNBACH and their partner PT Abhimata Persada in Djakarta, Indonesia, gave an overview on IFRS 9 and Basel II/Basel III requirements and shared first-hand experience for implementation.

Introduction of IAS represented a paradigm shift for accounting. Now, the introduction of IFRS 9 represents a new challenge. The requirements for classifying, valuing (particularly for impairment) and hedging financial instruments will be revised. Depending on the way they were implemented, current IAS 39 solutions cannot be used further or only used with major effort.

FlexFinance® IFRS provides banks with an automated process that ensures the highest degree of IFRS conformity and covers the entire IFRS accounting process chain.

One year ahead of the Central Bank’s schedule, Access Bank plc., FERNBACH Software’s first Nigerian customer, announced the successful completion of its FlexFinance IFRS implementation. In a record time of less than 3 months, the joint team of Access Bank, KPMG and FERNBACH implemented FlexFinance IFRS.

The recent crisis has revealed significant market failures in the banking system. In response to that the Basel Committee is introducing a number of fundamental reforms to the international regulatory framework unofficially called "Basel III". These regulations are designed to create a more risk sensitive framework for banks.

FERNBACH has recently unveiled a new website documenting a major strategic market re-launch of its upgraded and improved lending solution. The new product line entitled Objects4Lending reflects the changes that have occurred in the global financial services sector since the credit crunch of 2008.

FERNBACH-Software, a specialist provider of risk and compliance solutions announced today benchmark study results for its market-leading Liquidity Risk Appliance which enables banks to process a sample portfolio by the end-of-day processing window.

Since international software provider FERNBACH-Software joined the independent industrial association BIAN (Banking Industry Architecture Network) in 2008, their work has come a long way.

The acute liquidity crunch in the days and weeks following the failure of Lehman Brothers in the autumn of 2008 has shown the importance of liquidity to financial institutions in general, and banks in particular.

egabi Solutions distributes cutting-edge IFRS software from FERNBACH in Egypt and the Near East.

FERNBACH is expanding the service concept for its international partner network to ensure solid, on-site support for the FlexFinance solution in the areas of Multi-GAAP, Lending as well as Risk and Compliance.

FERNBACH’s Implementation Method (FIM) enables banks to integrate new regulations seamlessly into their existing system without always having to reinvent the wheel.

FlexFinance IFRS BRIGHT – the revolutionary, scalable, flexible solution that can be tailored to meet any bank’s unique requirements

New directives to ensure a more realistic view of risks in the balance sheet
More information on the directive is available here.

The EU Consumer Credit Directive and its integration into national law entail a number of new challenges that will affect several of a bank's functional areas. Read on to learn more about the effects and possible reactions to the directive as well as the associated risks and opportunities.

Interview with Christoph Meilen, Senior Manager Advisory & Consulting, Deloitte Luxembourg

The FlexFinance solutions from FERNBACH have won a number of innovation awards in Europe including the Banking & Finance ICT Innovation Awards for outstanding innovation in a software solution for the financial industry.