FRSGlobal

FRSGlobal to offer regulatory reporting service for Hedge Funds

18/05/2009

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New York, NY - May 18, 2009: FRSGlobal, the only global provider of risk and regulatory compliance solutions on a unified platform with coverage for over 30 countries, today announced that it is preparing to work with the hedge fund industry to help it comply with the new wave of global regulations expected to be in place later this year. Compliance experts within FRSGlobal's Centre of Risk & Regulatory Excellence (CoR²E) are actively monitoring the discussions taking place at the various U.S. regulatory agencies and are ready to advise hedge funds on the best ways to automate their reporting processes as soon as any new legislation is enacted.

Richard Ferrari, Vice President - Americas, FRSGlobal, commented:

"U.S. regulators are demanding more oversight of the hedge fund industry which means that registration is imminent. Hedge funds are going to be subject to far greater scrutiny than ever before. Whether it is increased transparency around the trading and valuation of OTC derivatives and structured products or the amount of leverage being taken on, regulators are going to require comprehensive, timely and accurate reporting, a requirement that hedge funds typically have little experience of. "While the exact form of regulatory reporting is still to be finalized, it is clear from our discussions with market participants and U.S. governing bodies that there is going to be an overwhelming need for the kind of flexible risk and regulatory reporting tools developed by FRSGlobal that have helped hundreds of banks worldwide meet the their regulatory needs over the past twenty years. This experience and expertise is now going to be available to the hedge fund industry."

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 Regulatory Update Service, 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.