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Webinars on Demand
Calculating Private Firm Credit Risk
Learn about quantifying default risk of privately held firms and monitoring the risk of private exposures/investments.
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Do You Have a Complete View of Counterparty Risk Across Your Commercial Loan Portfolio?
Learn about improving the effectiveness and accuracy of your origination decisions and analyzing your commercial real estate (CRE) exposure risk.
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Economic Captial Matters: 5 Key Strategies for Managing Your Credit Portfolio
Learn more about best practices for managing a credit portfolio, including managing concentration risk through diversification, risk-based pricing and more.
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Improving Loss Given Default Accuracy
Learn about alternatives to one-dimensional historical look-up table recovery values and the impact of LGD on loan loss reserves and capital allocation.
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Fermat To Implement Basel II For Cathay United Bank
Taipei, 15 November 2007 — Fermat Pte Ltd, a leading provider of risk and performance management solutions to the global banking industry, announced today that one of the largest privately owned banks in Taiwan, Cathay United Bank (CUB) will implement Fermat's Basel II software solution.
CUB has signed an agreement for the deployment of Fermat CAD (Capital Adequacy Directive), Fermat's Basel II compliance solution. The bank will implement all three approaches for calculating capital requirements - the standardized approach (SA), the internal ratings based foundation approach (IRBF) and the internal ratings based advanced approach (IRBA).
"The architecture of the Fermat product suite is the natural solution for a bank like Cathay United Bank, which faces multi-supervisory, multi-level consolidation and reporting challenges. Fermat covers in standard, without any customisation, the Basel II requirements of all the supervisors where Cathay United Bank operates, both for calculation and regulatory reporting. Using this leading "off the shelf" product for our Basel II project will help us meet our project timelines and significantly reduces the risks.” Said xxx from Cathay United Bank.
"There is substantial growth in the adoption of Basel II in the Greater China market as many financial institutions are seeking to streamline their risk forecasting and management process." said Gilbert Gagnaire, Co-Founder of Fermat.
Headquartered in Taipei, CUB is a wholly by Cathay Financial Holding Company, the largest Financial Holding Company in Taiwan.
Fermat was recently voted the overall global #1 Basel II solution vendor by readers of RISK Magazine.
