February 20, 2009 08:00 ET

FRSGlobal Hosting Free Online Webinar on Defining Risk Calculations Through a Risk XBRL Taxonomy

Learn How a Standardized Risk Taxonomy Could Resolve Many of Today's Reporting Problems

NEW YORK, NY--(Marketwire - February 20, 2009) - FRSGlobal, the only global provider of risk and regulatory compliance solutions with coverage for over 30 countries, today announced that it will be hosting a free online webinar titled "Defining Risk Calculations through a Risk XBRL Taxonomy."

In this online webinar, Andrew Liegel, a senior member of the FRSGlobal Center of Risk and Regulatory Excellence team, will detail how a standardized risk taxonomy delivered via XBRL will help solve many of today's reporting problems.

Andrew will look at:

--  The current conflicting practices within financial institutions,
--  What conflicting areas could be quickly changed, and
--  Which areas will require a major overhaul in the internal risk
    analyses as seen in the managerial and regulatory reporting of a financial

The webinar will take place on Wednesday, March 4th, 2009 at 2:00pm EST.

To receive dial-in details for this webinar REGISTER ONLINE.

Andrew will be discussing this same topic on Friday, February 27th, 2009 at the IBM Data Governance Council Forum on XBRL for Risk Reporting.

Richard Ferrari, Vice President - Americas, FRSGlobal, commented:

"Unfortunately, there is no standard way of reporting risk data. There are regional variations between regulators with regards to Basel II calculations and reporting requirements. If the U.S. adopts IFRS standards, then there will most likely be variations there as well. Perhaps most troubling are the variations within a financial institution itself."

"A standardized Risk Taxonomy delivered via XBRL will help to solve many of these problems."

About FRSGlobal

FRSGlobal is the only provider of global risk management and regulatory compliance reporting solutions on a unified platform with a single global data model that has coverage for over 30 countries. Additionally over 300 banks in the United States rely on FRSGlobal for their regulatory reporting needs.

The firm is dedicated to risk and regulatory compliance and supplies financial organizations worldwide with an independent and cost-effective multi-country risk management and regulatory reporting platform.

Subscribing clients benefit from the FRSGlobal Guarantee -- "to keep the reports up-to-date with regulators' requirements" and the FRSGlobal REPORTINGCentre which provides reports that meet regulators' requirements, covering all the major financial instruments, and has the ability to create and run ad-hoc (internal/prescriptive-style) reports using data stored in the centralized risk management and regulatory data repository.

FRSGlobal RISKCentre encompasses RiskProfessional (riskpro™) which covers Asset Liability Management (ALM), market and credit risk analytics including exposure analysis, value at risk, funds transfer pricing, dynamic simulation, limits, historization, Basel I and II, risk-adjusted performance analysis, credit exposure, credit loss and IFRS 39 and a highly configurable enterprise operational risk solution that provides a unified, consistent framework for defining, measuring and managing risks, internal controls.

FRSGlobal has nearly 20 years of industry expertise and its solutions are used in over 1500 financial organizations -- including 41 of the top 50 global banking institutions. FRSGlobal dedicates 25% of R&D annual expenditure to researching regulations and meeting with regulators, which results in an unparalleled Centre of Risk & Regulatory Excellence (CoR2E) that supports the FRSGlobal Guarantee.

FRSGlobal is headquartered in Brussels with a further 19 other offices in North America (Boston, New York and Toronto), Europe (Amsterdam, Brussels, Dublin, Lisbon, London, Luxembourg, Madrid, Paris, Zurich, Lausanne, Warsaw and Cluj-Napoca (Romania)), Dubai and Asia Pacific and Japan (Hong Kong, Pune and Singapore).

Contact Information

    Rebecca Bond
    Global Director of Marketing
    Tel: +44 (0) 20 7539 6548
    Email: Email Contact

    US PR Contact:
    Michael Kane
    Tel: (978) 698-7602
    Email: Email Contact

    Penrose Financial
    Andrew Nicolls
    Senior Partner
    Tel: +44 (0) 20 7786 4881
    Email: Email Contact