FRSGlobal

The global financial services industry is still very fragile following the credit crunch and those who survive will continue to be under pressure to meet the new climate of increased risk management and regulatory change - which shows no sign of slowing down.

Significant resource has been and continues to be invested in how it might have all been avoided – but more positively regulators and firms are engaged in ensuring it doesn’t happen again.

Firms now realise that a major part of the problem, resulting in the crisis, was not being able to get a clear picture across a company’s entire operation. No stronger indication can be given that the silo approach to risk management and reporting is damaging - as one department’s success can be another’s downfall.

Firms now recognise that to overcome these issues, and to gain stability, they need to adopt a more sophisticated and holistic reporting platform that can provide full oversite, integrate all types of risk and create an environment where internal and external reporting are “as one”.

• Risk management and regulatory compliance are conjoined and this must be recognised to ensure recovery and stability
• Risk profitability analysis and regulatory reporting enter a new era, with stress testing and reporting showing yesterday’s, today’s and tomorrow’s results

The FRSGlobal product range addresses these needs and at the heart of every FRSGlobal solution is DataFoundation – a clearly defined, standardised data model that facilitates the streamlined collection of contractual, account, risk and transactional information into one true global definition of data.

DataFoundation encapsulates more than 20 years of regulatory and risk domain knowledge and experience that is unique in the marketplace and guarantees that financial institutions can continuously meet the ever changing risk and regulatory world.

• DataFoundation at the heart of every FRSGlobal solution - creating a single version of the truth for internal and external audiences
• CalculationEngine - performing complex, high-volume cash flow calculations
• RiskPro - overcoming the problems associated with silo'd risk management- covering NINE areas of risk with a contract-centric approach
• RegPro - providing compliance in regulatory reporting in over 40 countries with a guarantee to keep the reports up to date in line with regulators' requirements

Company Overview (296.33 kB)

This document provides an overview of the products and solutions provided by FRSGlobal: the only provider of risk and regulatory compliance on a unified platform.