FRSGlobal Compares Global Regulators' Responses to the Financial Crisis in New Report

LONDON, Aug 17 (MARKET WIRE) --
FRSGlobal, the only global provider of risk and regulatory reporting
solutions with coverage for over 40 countries on a unified platform,
today released an in-depth report titled 'Global regulatory responses to
the financial crisis.' The report, produced by Selwyn Blair-Ford, Senior
Domain Expert at FRSGlobal, explores what the major regulators in the UK,
US, EU, and regulatory bodies (such as the Bank for International
Settlements) have focused on to prevent reoccurrence of further financial
crisis.

Blair-Ford said: "Those responsible for tracking and understanding the
regulatory environment have a very difficult time at present. The
different policy making bodies are coming out with a deluge of proposals,
but each with a different language and tradition for describing similar
concepts. There are also differences in meaning and emphasis to contend
with. I put this report together to obtain a holistic view of what has
been proposed, and ultimately help the industry make informed decisions
about future requirements."

The analysis is in the form of an 'at-a-glance' reference document which
can be used as a guide for those involved in the financial services
industry that have a stake in the way the new regulatory landscape is
forming. The document includes:

-- 13 key areas of regulatory response: Capital adequacy, Accounting,
Liquidity, Institutional & Geographic coverage, Deposit insurance, Bank
resolution, Credit rating agencies, Regulation of financial markets,
Remuneration, Consumer protection, Macro-prudential analysis, Supervisory
approach and Risk management and governance.
-- Source document references.
-- A summary of the similarities/differences between each region's
regulatory approach -- for each of the categories.
-- Information as to where to look for future developments.

Blair-Ford continued: "As I was writing up this research it became
apparent that on the whole, everyone is on the same page in terms of
regulatory policy responses. However, when you explore further, you
notice that different jurisdictions are at different levels of readiness
which means that, inevitably, the pace of adoption won't be the same. If
those differences become too large we won't achieve the level regulatory
playing field that we have been looking for and ultimately run the risk
of inviting further troubles. This research represents the scorecard at
half time -- there is still a lot of work to be done."

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, 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 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).

COMPANY CONTACTS

FRSGlobal
Lauren Dearmer
PR manager
Tel: +44 20 7539 6525
Email: Email Contact

Copyright 2009, Market Wire, All rights reserved.

-0-