FRSGlobal

FRSGlobal takes Financial-i Risk Management Regulatory Reporting award

27/01/2009

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London, 27th January 2009 : FRSGlobal, the only global provider of risk and regulatory reporting solutions with coverage for over 30 countries on a unified platform, today announced that it has won the "Risk Management: Regulatory Reporting" category at Financial-i magazine's annual "Leaders in Innovation Awards".

The awards identify those companies that have excelled in terms of innovation in business solutions across wholesale transaction banking. FRSGlobal was selected by an expert judging panel comprised of representatives from analyst groups (including Chartis, Celent and TowerGroup), consultants and market practitioners.

The reward for innovation comes on the heels of FRSGlobal breaking into tenth position in the annual Chartis RiskTech 100 rankings, the prestigious study of the top technology firms active in risk management, in November 2008. FRSGlobal was identified in this report as a leader in the 'innovation' category, which recognised those companies that had driven the development of risk management technology over the past year.

Kieran Leahy, Senior Vice President at FRSGlobal, commented:
"Given the scope of the financial crisis the market is unsurprisingly facing increasing regulation. The nature of regulatory reporting itself is changing as the demand for further risk-related data to be gathered, analysed and stress tested, is felt across the sector. In this economic climate innovation is more important than ever, as our clients look for systems to guide them through a rapidly changing and complex arena.

Following the acquisition of IRIS integrated risk management last August, FRSGlobal has successfully integrated its risk and regulatory centres to provide the only unified risk and regulatory platform. This has been designed to certify, store, analyse and report upon a bank's operations after the trade has taken place, and provide comprehensive analysis and reports that the regulators (and governments now) demand."