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Q: FIRE - is it an acromyn ( Answered,   0 Comments )
Question  
Subject: FIRE - is it an acromyn
Category: Business and Money > Finance
Asked by: dafw-ga
List Price: $5.00
Posted: 14 Jan 2004 14:31 PST
Expires: 13 Feb 2004 14:31 PST
Question ID: 296543
what does the abbrievation of FIRE mean in regards to banks?  I
believe it is a regulation.
Answer  
Subject: Re: FIRE - is it an acromyn
Answered By: omnivorous-ga on 14 Jan 2004 15:11 PST
 
DAFW --

I checked the U.S. Treasury, American Banking Association and Google
Glossary for FIRE.  If you're not familiar with Google's Glossary
(it's still in the Labs), it's located here:
http://labs.google.com/glossary

Better search results are probably available using the following
Google search strategy because unfortunately the common word 'fire'
complicates other searches:
"acronym FIRE"

In it's financial sense it often means Finance/Insurance/Real Estate
-- the three service sectors of the economy.  Job statistics from the
Census Bureau are grouped this way:
Barnstable Patriot
"REB is Part of the Job Revolution" (Lynch, March 12, 1998)
http://www.barnstablepatriot.com/03-12-98-news/reb.html

You'll find about 45 definitions of the acronym with the search above, including:
Diverse Networks
Fault detection, Isolation, Resolution, Escalation
http://www.diversenet.com/services/professional/methodologies.html

Marketing Insight
Find, Involve, Reward, Empower
http://www.marketing-in-sight.com/newsletter/10commandments.html

Best regards,

Omnivorous-GA

Clarification of Answer by omnivorous-ga on 14 Jan 2004 16:20 PST
DAFW --

A fellow researcher, Pinkfreud-GA, points out that FRS Global, a
subsidiary of S1 Corporation (NASDAQ: SONE), offers a regulatory
reporting service for financial institutions called FiRE:
FRS Global
FRS Regulatory Reporting (2003)
http://www.frsglobal.com/FiRE.html

This well may be the product that is being referred to, as it allows
the financial institutions to communicate with central banks in some
20 countries.

Best regards,

Omnivorous-GA
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