ABC, July 2009 - BBVA Compass Streamlines U.S. Regulatory Reporting Process With FRSGlobal Solution

FRSGlobal today announced that BBVA Compass, a leading U.S. banking franchise with 578 branches, and FRS Global have entered into an agreement under which FRSGlobal's consolidated risk and regulatory platform will assist BBVA Compass in compiling its regulatory reports that are filed with the bank's U.S. banking regulators.

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A-Team Group: Risk & Regulation IT, July 2009 - Clock is Ticking for Compliance with UK FSA's Liquidity Requirements, Say Speakers at FRSGlobal Event

Time is quickly running out for firms that have yet to get started on their liquidity risk management projects ahead of the deadline for compliance with the UK Financial Services Authority's (FSA) new liquidity requirements, according to speakers at last week's FRSGlobal event. "There are 80 working days (less including summer holidays) between now and the deadline set by the FSA for firms to have systems and controls and stress testing in place," warned Selwyn Blair-Ford, senior domain expert for the risk and regulation solution vendor.

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Emirates Business 24/7, June 2009 - Managing liquidity and risk continue to be a challenge

Managing liquidity and risk continue to remain a challenge in the current economic environment and need to be dealt at micro as well as macro levels. For risk managers, the immediate task at hand is to start working at strengthening risk and liquidity management and also be prepared for any possible aftershocks of the economic turbulences, analysts said.

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Wall Street Journal, 16 June 2009 - UK's FSA Urging Some Foreign Banks To Be Subsidiaries

The U.K.'s Financial Services Authority is encouraging some overseas banks to turn their British branches into subsidiaries so it has a better chance of ensuring they don't go bust holding U.K. depositors' cash, according to regulatory experts. The aim is to ensure that the government doesn't have to compensate depositors if foreign banks with operations in the U.K. go bust, as happened when three Icelandic banks failed last year.

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