FRSGlobal Regulatory Reporting Experts Discuss Ramifications of Pittsburgh G20 Summit on Financial Services Industry
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LONDON and NEW YORK, NY -- (MARKET WIRE) -- 10/08/09 -- 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 regulatory reporting experts -- Andrew Liegel and Selwyn Blair-Ford -- have provided insight into how the recent G20 Summit held in Pittsburgh will impact the financial services industry.
To access the comment piece by Selwyn Blair-Ford click here.
The video by Andrew Liegel is available here.
Selwyn Blair-Ford, Senior Domain Expert, FRSGlobal, commented:
"Some of these G-20 initiatives may change between now and final implementation, but the financial services industry should be under no illusion. These changes are coming and will change the way firms do business. Many of the changes will be costly. Those firms that are best prepared will have the best outcomes."
In August 2009, FRSGlobal created a report entitled: 'A comparison of global regulatory responses to the financial crisis' which has been updated following the G20 summit. The updated report can be found here and the main differences are summarized in this video.
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).
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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
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