FRSGlobal

18/08/2009

FRSGlobal ready to enable Canadian Banks to comply with new OSFI reporting requirements for Q1 2010

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Toronto, Canada - August 18 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 it will make available new report modules that incorporate changes required by the Office of the Superintendent of Financial Institutions (OSFI) Canada for Q1 2010.

OSFI has issued guidance on a significant number of regulatory reporting changes impacting Q1 2010 filings for all Canadian deposit-taking institutions. Through its team of analysts and subject matter experts, FRSGlobal is already working on providing these updates for its clients to ensure timely delivery and compliance with the change in regulatory requirements.

FRSGlobal will provide the following changes to leading Canadian financial institutions:

• Revisions to the Basel ll Capital Adequacy Report (BCAR)
• Updates to the New Credit Risk Reporting (NCR)
• Modifications to statutory and regulatory reports for OSFI, Bank of Canada and Statistics Canada

A number of the leading banks in Canada rely on the FRSGlobal solution to meet all of their regulatory reporting requirements today. All Canadian customers will automatically receive the new report modules as part of the FRSGlobal guaranteed regulatory update service.

Richard Ferrari, Vice President - Americas, FRSGlobal, commented: "Our Centre of Risk & Regulatory Excellence experts have been continually monitoring OSFI and flagging any proposed reporting changes to our development team. Accordingly the new Canadian reports will be available to customers well in advance of the reporting deadline. Our customers around the world depend on us to keep them fully compliant with any changes in their regulatory reporting obligations. It is this level of service which has made FRSGlobal the leading provider of regulatory reporting in Canada."

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.