FRSGlobal to Offer Regulatory Reporting Service for Hedge Funds

NEW YORK, NY, May 18 (MARKET WIRE) --
FRSGlobal, the only global provider of risk and regulatory compliance
solutions on a unified platform with coverage for over 30 countries,
today announced that it is preparing to work with the hedge fund industry
to help it comply with the new wave of global regulations expected to be
in place later this year. Compliance experts within FRSGlobal's Centre of
Risk & Regulatory Excellence (CoR2E) are actively monitoring the
discussions taking place at the various U.S. regulatory agencies and are
ready to advise hedge funds on the best ways to automate their reporting
processes as soon as any new legislation is enacted.

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

"U.S. regulators are demanding more oversight of the hedge fund industry
which means that registration is imminent. Hedge funds are going to be
subject to far greater scrutiny than ever before. Whether it is increased
transparency around the trading and valuation of OTC derivatives and
structured products or the amount of leverage being taken on, regulators
are going to require comprehensive, timely and accurate reporting, a
requirement that hedge funds typically have little experience of.

"While the exact form of regulatory reporting is still to be finalized, it
is clear from our discussions with market participants and U.S. governing
bodies that there is going to be an overwhelming need for the kind of
flexible risk and regulatory reporting tools developed by FRSGlobal that
have helped hundreds of banks worldwide meet the their regulatory needs
over the past twenty years. This experience and expertise is now going to
be available to the hedge fund industry."

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
Capital.
-- 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'
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).

COMPANY CONTACTS
FRSGlobal
Rebecca Bond
VP Marketing
Tel: +44 (0) 20 7539 6548
Email: Email Contact

PRESS CONTACT
Penrose Financial
John Sarsfield / Simone Selzer
Tel: +44 (0) 20 7786 4830 / 56
Email: Email Contact
Email: Email Contact

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

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