FRSGlobal

In the News

A-Team Group, September 2010 - Regulators Focusing on Data Sharing Cross Border, Says FRSGlobal’s Blair-Ford

On a global scale, Basel III is also on the horizon with its redefinition of regulatory capital, which is in line with Dodd-Frank Act. As Blair-Ford notes, counterparty credit risk will be determined using stressed inputs and will be subject to a new level of risk weighting for certain assets, thus adding to the data gathering exercise.

For its part, FRSGlobal has been pitching its Datamart solution as a source of clean and validated data acquired from firms’ multiple internal source systems. The solution purports to structure this data into a suitable format for regulatory reporting and risk management purposes, such as stress testing for external and internal management information system (MIS) reports. The vendor also highlights its dashboard capabilities to be able to provide this data at a glance to users, which it added in July this year.

Read the full article here, courtesy of A-Team Group (subscription required) »

IBS Intelligence, September 2010 - Central Bank of Oman automates banking sector supervision and analysis with FRSGlobal.

FRSGlobal is supplying its regulatory reporting and risk management suite to the Central Bank of Oman (CBO), as part of the bank's Banking Oversight and Research Solutions (BORS) programme. The bank was not available to comment, but Roy Barnes, head of operations for FRSGlobal in the Middle East, says that the regulator wanted 'to introduce new systems to improve efficiency, tighten internal procedures and control, improve communications and raise the standards of banking supervision'.

Read the full article, courtesy of IBS Intelligence »

Finextra, August 2010 - FRSGlobal launches new Cayman Islands reporting module

FRSGlobal, the industry-recognized leader in content-rich solutions for unified global regulatory reporting and risk management, today announced that it has launched a new regulatory reporting solution for banks licensed to operate in the Cayman Islands. FRSGlobal also announced that the solution has already been purchased by a premier North American bank that has a significant presence in the region.

Read the full article here, courtesy of Finextra »

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.