FIRST ELEMENT AND IBIS MANAGEMENT PROVIDE CREDIT AND LIQUIDITY RISK TRAINING FOR THE FINANCIAL INSTITUTE

Willemstad, November/ December 2010 - The Financial Institute (Curacao) selected First Element Consultancy BV and IBIS Management Associates to provide Credit and Liquidity Risk training to local and regional bankers and central bankers. The training ran 5 days, was executed successfully and received high appraisals from the attendees.

For more information please contact First Element Consultancy BV at: info@first-element.nl

FIRST ELEMENT AND IBIS MANAGEMENT PROVIDES BASEL II AWARNESS BRIEFING FOR CENTRAL BANK OF ARUBA

Oranje Stad, November 2009 - The Central Bank Of Aruba selected First Element Consultancy BV and IBIS Management Associates to provide a Basel II Awareness Briefing for their local banking sector. The main objectives of the Briefing were to provide an overview of the Basel II framework, the implications for introducing this framework and how to deal with these implications.

The presentation was received positively and raised a lot of questions among attendees. Follow-up sessions (in dept trainings) will follow in Q1 2010.

Picture attendees of the Basel II Awareness Briefing:

For more information please contact First Element Consultancy BV at: info@first-element.nl

FIRST ELEMENT AND IBIS MANAGEMENT PROVIDES MARKET AND OPERATIONAL RISK TRAINING FOR THE FINANCIAL INSTITUTE

Willemstad, November 2009 - The Financial Institute (Curacao) selected First Element Consultancy BV and IBIS Management Associates to provide Market and Operational Risk Training to local bankers and central bank employees. The training ran 4 days and was executed successfully.

Picture: Market and Operational Risk Training attendees November 2009

For more information please contact First Element Consultancy BV at: info@first-element.nl

IBIS MANAGEMENT AND FIRST ELEMENT JOIN FORCES TO PREPARE BANKS FOR
BASEL II REQUIREMENTS

Willemstad, May 2009 - - IBIS Management Associates and First Element today announced that they are combining their expertise in international payments and BASEL II to prepare banks in the Netherlands Antilles and greater Caribbean for the upcoming complex reporting changes in banking supervision.

Together the two experts in their respective fields will kick-off their new advisory and solution services by holding an invitation only Executive Briefing to bank CEOs and other top level banking executives at the Renaissance Hotel this June 16th.

All banks in the Caribbean region are soon expected to report to their supervision regulators (central banks) based on the internationally agreed BASEL II standard.

Basel II reporting is a global standard to which all banks in the region will have to adhere within the next 18 months. This standard is designed to mitigate banking risks more effectively. Although this transition process is a highly important and necessary, putting it in place is a gigantic project for any bank and must be done carefully. A typical transition to BASEL II reporting standards takes a bank over a year and involves extensive system changes and training of multiple departments of the bank.

The Executive Briefing sessions will amongst others cover the preparedness roadmap to a successful BASEL II transition plus special attention will be given to the new upcoming BES jurisdictional changes. The upcoming jurisdictional transition of Bonaire, Eustatius & Saba (BES) to the Netherlands, will impact the banking environment significantly. Banks currently domiciled in the BES will become the regulatory responsibility of the Dutch regulator (DNB) with all its technical and implications and possible benefits.

IBIS Management Associates Inc. the trusted advisor to banks across the Caribbean and the Americas together with the Netherlands based BASEL II experts of First Element Consultancy BV will bring their expertise and knowledge of these topics to this region.

First Element has worked closely with the Central Bank of the Netherlands and major European financial institutions to guide them through reporting, planning systems requirements of re-engineering the bank for BASEL II.

IBIS Management was founded in Curacao and advises banks in more than 20 countries on International Payment processing, risk management and operations best practice. First Element is based in the Netherlands.

IBIS Management www.ibis-management.com

For more information please contact First Element Consultancy BV at: info@first-element.nl

First Element Consultancy Basel II Caribbean Road Show

Amsterdam March 28 2008,

First Element Consultancy BV is proud to announce that they will be visiting the Caribbean in the first two weeks of May 2008 to give a number of Basel II presentations to financial institutions and investment firms in this area.

The Basel II presentations will be given in house, at the client sites so that potential sensitive or confidential internal matters could be discussed without obstructions.

The agenda for the presentations will include the following topics.

Agenda

• Introduction
• What is Basel II?
• The existing Framework (Basel I)
• Basel II
• New (Basel II) vs. Old Basel I
• Basel II Benefits
• Basel II Challenges
• First Element & Your Company
• Conclusions & wrap-up
  

Further on there will be opportunities to highlight and discuss specific Basel II matters if these have been communicated in advance.

Note that there are no costs attached to these presentations.

Finally we want to mention that most of our road show dates have already been booked by the time this article has been published. However, don’t hesitate to contact us if you are interested in our Basel II presentation.

For more information please contact First Element Consultancy BV at: info@first-element.nl

First Element Consultancy BV goes cross border

Amsterdam/ Prague - May 01 2007

First Element Consultancy BV is proud to announce that they have been selected by TCG (The Communications Group) in Prague the Czech Republic to participate in the design and development of an Automated Regulatory Banking solution.

The automated Regulatory Banking solution will initially be developed for the Slovak market (National Bank of Slovakia Compliancy Framework). However, due to the advanced development methods the current setup will provide enough flexibility to deal with customized client requirements such as additional/ audit functionalities and or customized reports (head office, reconciliation reports).

The above mentioned setup even provides the opportunity to expand the product development scope to cover other regional markets such as the Czech Republic, Romania, the Ukraine etc.

The Regulatory Banking Solution provides financial institutions (Banks, Branch of Foreign Banks, Securities Dealers and Branch of Foreign Securities Dealers) with a state of the art data model which gathers and brings together all the required data elements from core banking systems for producing National Bank of Slovakia (NBS) Regulatory Banking Reports.

With the gathered data the Regulatory Banking Solution gives the user extensive options to do data validations and or analyses before proceeding to the automated Regulatory Report Generation and Allocation processes. Subsequently the system also provides a direct link to Status (NBS Regulatory Reporting delivery tool).

The automated Regulatory Banking Solution will streamline your Banking Regulatory process and make it more efficient by: