SOURCE: FRSGlobal

FRSGlobal

FRSGlobal

March 09, 2010 10:22 ET

FRSGlobal Ranked Highly in Chartis RiskTech100 Report

FRSGlobal Cited as Overall Winner in the Regulatory Reporting Category

LONDON and NEW YORK, NY--(Marketwire - March 9, 2010) -  FRSGlobal, the only global provider of risk reporting and regulatory reporting compliance solutions on a unified platform with coverage for over 40 countries, today announced that it has placed eleventh in the annual Chartis RiskTech100™ ranking of the top 100 risk technology vendors worldwide. Chartis also cited FRSGlobal as the overall winner in the regulatory reporting category.

The Chartis RiskTech100™ is recognised globally as the most comprehensive and prestigious study of the top technology firms active in the risk management market. This year's study incorporates a new scoring sub-category of "momentum". This sub-category focuses specifically on the success of risk technology firms within the last 12 months, including new product releases, significant contract wins and financial performance.

FRSGlobal has seen an increased demand for its risk management and regulatory reporting solution to address the rigorous and changing demands of regulators not just to report what has already happened, but what is likely to happen going forward. An example of this type of reporting is the UK's FSA liquidity rules relating to stress testing that require the powerful analysis capabilities that are found within FRSGlobal's RiskPro solution and the reporting facilities within its RegPro solution

Steve Husk, CEO of FRSGlobal, commented:

"To once again be recognised by Chartis as one of the leading risk technology companies reflects our approach of providing a single solution that financial firms can use to cost effectively manage risk and sustain regulatory compliance."

"Our mission at FRSGlobal is to make sure our clients are going to be able to respond to the increased demands of the regulators for greater transparency in the risk and regulatory information they need to file. There was a huge influx of new regulations last year and there is no let up in sight. Many of these new regulations are going require the inclusion of new risk data that can be provided by our solution. We have the right people and products to make sure that our customers will be prepared in advance for this new wave of regulations."

The complete Chartis RiskTech100™ report can be downloaded at www.chartis-research.com.

About Chartis Research
Chartis Research is the leading provider of research and analysis on the global market for risk technology. Its goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. It helps clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology. For details on obtaining the complete report please see www.chartis-research.com.

RiskTech100™ is a Registered Trade Mark of Chartis Research Limited (US Trade Mark Registration No. 3454398).

About FRSGlobal
FRSGlobal is the only provider of risk reporting and regulatory reporting solutions on a unified platform with a single data model.

FRSGlobal solutions are a combination of modules from RegPro and RiskPro, sharing a single DataFoundation and CalculationEngine, and content (global data model and report definitions):

  • RiskPro provides profitability analysis across the following risk types: Asset Liability Management (ALM), Liquidity, Market, Credit, Basel II, IFRS/IAS32 and 39, Solvency II, Funds Transfer Pricing and Economic Capital.
  • RegPro enables financial institutions to address major regulatory reporting and compliance requirements locally and globally -- with reports for more than 40 countries.
  • Subscribing clients benefit from the FRSGlobal Guarantee, which ensures the regulatory reports are maintained in line with the Regulators' requirements.
  • FRSGlobal Centre of Risk & Regulatory Excellence monitors risk and regulatory activities in 100+ countries.

FRSGlobal has nearly 20 years of industry expertise and its solutions are used in over 1500 financial organisations -- including 41 of the top 50 global banking institutions. It is owned by the Carlyle Group and Kennet Partners.

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

  • COMPANY CONTACTS
    FRSGlobal
    Lauren Dearmer
    PR Manager
    Tel: +44 (0) 20 7539 6525
    Email:Email Contact

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