In the News
Wall Street Journal, July 2010 - EU banks survive stress test
Selwyn Blair-Ford, head of global regulatory policy at FRSGlobal, said: “If you do a test and everyone in the class passes, you know there is a problem with the test.”
European regulators painted a rosier-than-expected portrait of the continent's beleaguered banking sector on Friday, provoking criticism that the government's "stress tests" weren't tough enough on banks. The tests found that 91 banks in 20 European countries could face €566 billion ($730 billion) in total potential losses in a deteriorating economic and financial environment. But only seven banks flunked the tests, coming up short a combined €3.5 billion in capital.
Read the full article here, courtesy of Wall Street Journal »
IBS Intelligence, July 2010 - On the move
FRSGlobal, the regulatory reporting and risk management software vendor, has grown its sales presence in the UK and in Asia Pacific with the hiring of Tim Connolly as sales manager in the UK and Mark Looi as regional sales director for South East Asia.
Read the full article, courtesy of IBS Intelligence »
Financial News, June 2010 - What's wrong with breaking up the banks
Selwyn Blair-Ford, head of global regulatory policy at FRSGlobal, said: “It makes no sense for the UK to split up its banks if the rest of Europe, which has unfettered access to the UK market, does not, as new entrants will be able to buy domestic banks. Risk will simply be transferred to UK taxpayers from the rest of Europe in one way or another. The eurozone debt crisis is not just affecting Greece. We could still suffer contagion.”
De Standaard, June 2010 - Risk Management Supplement, Expert Panel
Vice President EMEA North at FRSGlobal, Kris Van Bavel, sits on the expert panel in Flemish daily newspaper, De Standaard’s Risk Management supplement.
01 Informatique, June 2010 - French regulatory landscape
Stéphane Jauffret, Regional Manager - France, Monaco & Africa at FRSGlobal, discusses the French regulatory landscape in I.T. publication 01 Informatique.
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