FRSGlobal

FRSGlobal is ready to help banks operating in the Caribbean with their risk and regulatory reporting requirements. Our solutions provide greater transparency of Group holding companies and intra-group transactions, and improve overall corporate governance and compliance.

FRSGlobal can also assist banks in the region who are looking to implement a solution that meets the standardized and advanced approaches to Basel II reporting.

We also provide to financial institutions in the Caribbean a comprehensive risk platform that incorporates a calculation engine. Our RiskPro solution covers Asset Liability Management (ALM), liquidity risk management, market risk analysis, and credit risk analytics including exposure analysis, value at risk, funds transfer pricing, dynamic simulation, limits, historisation, Basel I and II, risk-adjusted performance analysis, credit exposure, credit loss and IFRS 39.

Regulatory Environment in the Caribbean

Recent failures of several financial institutions and the anticipation of significant changes expected from the regulators over the next several months are delaying the implementation of a coherent set of regulations across the Caribbean.

Exemptions for specific financial institutions in certain countries mean that they will not have to implement Basel II before the end of 2010, there will most certainly be significant pressure on all financial services firms to improve the information being reported to their respective Central Bank.

There remain multiple challenges prior to the implementation of Basel II across the Caribbean. We invite you to contact our CoR²E experts to discuss those challenges.