SOURCE: FIMAC Solutions

June 25, 2008 13:11 ET

Commercial Real Estate Stress Testing: How Banks Can Deliver What Regulators Want

FIMAC Solutions CEO Greg Doner Discusses the Ins and Outs of CRE Stress Testing at the Financial Managers Society's 2008 Finance & Accounting Forum: Segment Your CRE Portfolio, Identify Risk by Sector, Understand Concentration Risk, Apply Stress to Individual Loans or Your Bank's Aggregate CRE Portfolio, Easily Import Data and Model at Your Own Desk

DENVER, CO--(Marketwire - June 25, 2008) - At this week's Financial Managers Society's 2008 Finance & Accounting Forum, Greg Doner, CEO of FIMAC Solutions, the industry leader in standalone CRE stress testing solutions, gave a key presentation about Commercial Real Estate Stress Testing to senior executives from the nation's top financial institutions.

"For the past two years, the Federal Deposit Insurance Corporation, the Office of the Comptroller of Currency, the Federal Reserve Board and the Office of Thrift Supervision have warned about the levels of sector risk within the commercial real estate loan portfolios of U.S. financial institutions. This year the regulators' cry for lenders to implement CRE stress testing has become louder than ever," said Doner, a 20-year bank veteran himself.

"Many of the nation's 8000-plus community banks have been thwarted when it comes to CRE stress testing, mainly because of the high costs associated with bringing in an outside consulting firm to stress the loans and analyze an organization's entire portfolio. But there is a pressing need for lenders to segment their CRE portfolios and analyze risk by sector; this is something that regulators have been very vocal about in 2008."

FIMAC, an experienced developer of risk management software for the banking industry, made the decision to create a standalone CRE stress testing software solution that banks, savings and loans, credit unions and other financial institutions can begin using in-house this summer to satisfy regulatory need.

"Since we announced this product in May, we've been flooded with inquiries and requests for demonstrations, from financial institutions nationwide," said Doner.

Doner expects FIMAC to begin shipping FIMAC CRE Stress Analytics in July. For further information please contact FIMAC Solutions at (303) 320-1900 or visit www.fimacsolutions.com.

Based in Denver, Colorado, FIMAC Solutions, LLC, specializes in providing the financial services industry with banking software focusing on risk management and profitability solutions. The Company's flagship product, Risk Analytics® ALM Model, is well recognized throughout the industry with approximately 350 placements. Further information is available at www.fimacsolutions.com.

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