FRSGlobal

01/09/2009

FRSGlobal delivers record number of regulatory reporting updates to U.S. banking customers in Q2 2009

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New York, NY - September 1 2009: FRSGlobal, the only global provider of risk reporting and regulatory reporting compliance solutions on a unified platform with coverage for over 40 countries, oday announced that it delivered over 3,300 regulatory reporting updates to all U.S. banking customers in Q2 2009.

The updates were in response to the changes in the FFIEC 041, FFIEC 031, and FR Y-9C reports mandated by the Federal Financial Institutions Examination Council (FFIEC) and Federal Reserve (FR). The regulatory reporting updates encompassed layout changes, allocation changes, delivery changes and validation changes.

All FRSGlobal U.S. banking customers received the updates automatically and in time to meet the Q2 filing deadlines. FRSGlobal customers benefit from the FRSGlobal Guarantee, which ensures that the regulatory reports will remain compliant and up to date.

Richard Ferrari, Vice President - Americas, FRSGlobal, commented: "This is a great example of the value FRSGlobal delivers to its customers in the USA. We are committed to keeping all of the reports up to date and to making them available in a timely manner. The FRSGlobal development team has once again done an outstanding job in responding to the record number of changes authorized by the FFIEC and Federal Reserve. There were a record number of changes in Q2 and the report guarantee service we provide has meant that our customers will remain compliant without the need to hire extra staff or incur any extra costs. This is not a one-time aberration. Regulatory reporting is only going to become more comprehensive and onerous in the future, with the implications of late or inaccurate filing being more serious. There are a number of major proposals about to be voted on that are going to impact the regulatory reports filed by U.S. banks. FRSGlobal's report guarantee will ensure that our customers do not have to worry about the impact these proposals will have on their day to day business."

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.