June 03, 2009 08:00 ET

Raymond James Automates U.S. Regulatory Reporting Process With FRSGlobal Solution

NEW YORK, NY--(Marketwire - June 3, 2009) - FRSGlobal, the only global provider of risk and regulatory compliance solutions on a unified platform with coverage for over 30 countries, today announced that Raymond James Financial, Inc. (NYSE: RJF), a diversified financial services holding company, has selected FRSGlobal's consolidated risk and regulatory platform to provide its regulatory reports to all of the major U.S. banking regulators.

The FRSGlobal solution will allow Raymond James to automate weekly, monthly, quarterly, biannual, and annual reports required by the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), Federal Financial Institutions Examination Council (FFIEC), Department of Commerce, and Department of Treasury.

Raymond James has selected FRSGlobal's "subscription model" which will protect it from additional expenses in addressing regulatory changes. By adopting the FRSGlobal subscription offering, Raymond James can also join the 'compliance community' provided by the FRSGlobal Centre of Risk & Regulatory Excellence (CoR2E). This community meets to discuss risk and regulatory requirements and enables peers to exchange views which can then be communicated to the regulators.

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

"We believe that regulations are going to change dramatically and continuously, not just over the next 12 months, but into the foreseeable future. Leading firms like Raymond James Financial realize the need for automation and better control processes to provide the kinds of reporting you need to do to conduct business moving forward."

About Raymond James Financial

Raymond James Financial (NYSE: RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three principal wholly owned broker/dealers (Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd.) and Raymond James Investment Services Limited, a majority-owned independent contractor subsidiary in the United Kingdom, have a total of more than 5,000 financial advisors serving approximately 1.8 million accounts in 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are currently $183 billion, of which approximately $28 billion are managed by the firm's asset management subsidiaries.

About FRSGlobal

FRSGlobal is the only provider of risk management and regulatory compliance 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:

--  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
--  RegPro enables financial institutions to address major regulatory and
    compliance requirements locally and globally -- with reports for more than
    30 countries.
--  Subscribing clients benefit from the FRSGlobal Guarantee, which
    ensures the regulatory reports are maintained in line with the Regulators'
--  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

    Lauren Dearmer
    PR Manager
    Tel: +44 (0) 20 7539 6521
    Email: Email Contact

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