TECHNOLOGY
TECHNOLOGY
French company Fermat has designed a "one-stop" solution for banks and investment companies to monitor their capital adequacy requirements, say officials.
The Fermat CAD module is a software package and range of related services to help companies comply with the EU Capital Adequacy Directive (CAD).
CAD, which was drawn up by the European Council, is due to be implemented by all EU states before the end of this year.
The module allows daily monitoring of total capital requirements arising from
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