FRSGlobal

07/09/2009

EFG International selects FRSGlobal's RegPro for multi-country regulatory reporting

Global private banking group chooses FRSGlobal's RegPro for six countries

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Brussels - September 7 2009: FRSGlobal, the only global provider of risk and regulatory compliance solutions on a unified platform with coverage for over 40 countries, today announced that global private banking group, EFG International has selected FRSGlobal's regulatory reporting tool, RegPro for regulatory reporting in its France, Spain, Luxembourg, Monaco, Hong Kong and Singapore branches.

Mark Bagnall, Head of IT, EFG International, said: "We have a high volume of business across a wide range of financial products in numerous countries, which requires detailed, accurate and regular reporting to the local regulators. To do this we have to use data from a wide range of disparate systems which can be inflexible to upgrade when faced with frequent regulatory changes. With FRSGlobal's solution we can feed these different sources into a central repository that harnesses financial intelligence across our global enterprise, while maintaining the country-specific requirements of the local regulators."

With RegPro, EFG International can generate the regulatory reports that will keep them in line with each of the six countries' different reporting requirements including:

• France - BAFI, BAFI-EI, CENTRA, CRP, BP, OPCVM, QLB, COREP and the most recent upcoming regulation, SURFI.
• Spain - Banco de España (including departments SEPBLAC and CIRBE), Comisión Nacional del Mercado de Valores, Hacienda and Dirección General de Comercio e Inversiones.
• Luxembourg - Banque Centrale du Luxembourg and Commission de Surveillance du Secteur Financier.
• Monaco - Banque de France et la Commission Bancaire
• Hong Kong - Hong Kong Monetary Authority, Hong Kong Deposit Protection Board, Securities and Futures Commission.
• Singapore - Monetary Authority of Singapore.

Marc Gillis, Sales Director EMEA South, FRSGlobal, commented: "Our domain experience and multi-country coverage is why key financial institutions such as EFG International are selecting our unified platform for regulatory reporting compliance around the world. We are delighted to welcome this prominent institution to our raft of clients."

EFG international will be able to address all six countries' regulatory requirements with its implementation of FRSGlobal's RegPro which consists of:

• A single repository of validated data originating from a plethora of source systems - DataFoundation. One central solution, capable of extracting data from multiple systems into one physical location faces the four data challenges: availability, movement, consolidation and quality;
• Easy-to-use software that automates the generation of risk and regulatory reports - ReportGenerator;
• Fully defined automated regulatory reports for 40+ countries - ReportGlobal - with the FRSGlobal Guarantee to keep them in line with regulators' requirements which, in the current climate, significantly eases the regulatory burden on financial institutions';
• The ability to define internal management-style or reports for new business areas - ReportBuilder;
• A library of submitted regulatory reports with the ability for audit through full drill-down/up functionality for rapid investigation into how the figures were derived.

About EFG International - EFG International - Practitioners of the craft of private banking

EFG International is a global private banking group offering private banking and asset management services, headquartered in Zurich. EFG International's group of private banking businesses currently operates in 55 locations in over 30 countries, with more than 2,400 employees. EFG International's registered shares (EFGN) are listed on the SIX Swiss Exchange. EFG International is a member of the EFG Group headquartered in Geneva, Switzerland, one of the top five banking groups in Switzerland by Tier-1 Capital.

About FRSGlobal

FRSGlobal is the only provider of risk management and regulatory compliance reporting solutions on a unified platform with a single data model.

FRSGlobal solutions are a combination of modules from RegPro and RiskPro, sharing a single DataFoundation and CalculationEngine:

• RiskPro provides profitability analysis across the following risk types: Asset Liability Management (ALM), Liquidity, Market, Credit, Basel II, IFRS/IAS32 and 39, Solvency II, Funds Transfer Pricing and Economic Capital.



• RegPro enables financial institutions to address major regulatory and compliance requirements locally and globally - with reports for more than 30 countries.



• Subscribing clients benefit from the FRSGlobal Guarantee, which ensures the regulatory reports are maintained in line with the Regulators' requirements.



• FRSGlobal Centre of Risk & Regulatory Excellence monitors risk and regulatory activities in 100+ countries.