Asset Liablity Management In The Corporate World
Wolters Kluwer Financial Services (FRS Global) may very well be leading provider
globally of comprehensive compliance, risk management and audit solutions for the fiscal professional services industry. FRS are a risk management enterprise singularly centered on delivering help to fiscal enterprises to mitigate compliance, operational and financial risk throughout their corporations. FRS are a risk management business singularly dedicated to supplying assistance to financial enterprises to mitigate compliance, operational as well as monetary risk throughout their companies
Organizations and organizations are now understanding that a key part of the situation that ended in the financial crisis was not being capable of getting the answers across a business's complete operation. Companies acknowledge that to overcome Financial issues they need a more elaborate and holistic system that will serve to achieve full oversight, incorporate all sorts of risk and create an environment in which external and internal reporting are "as one".
The FRS Global methods enable audit, compliance, finance and risk management experts to produce intelligent and crystal clear judgments in a very rapidly changing, global environment by offering the alternatives they need to control risk throughout their organizations, enhance effectiveness and also expand their corporations.
Infused with strong domain knowledge, FRS Global offers established compliance and risk management solutions in 4 main areas listed below.
Brussels, Belgium - 6th April 2011: FRSGlobal, part of Wolters Kluwer Financial Services, a leading worldwide provider of compliance and risk management solutions for the financial services industry, today launched web-based versions of its solutions to enable multiple audiences - including the C-level executive suite - access to powerful risk and regulatory reporting functionality online. The technology builds on FRSGlobals proven web-based risk management solutions, providing one integrated view of the organisation from any web browser, anywhere, at any time.
A selection of the 40+ firms that have successfully gone live with the solution include ABC international Bank, Attijariwafa Bank Europe, BGFI International, BNP Paribas Wealth Management Monaco, Ecobank, EFG Gestion Prive, Fideuram Monaco, HSBC Private Bank, Intesa SanPaolo, KBC Bank, LaNef, Rabobank International Bank, and Banque Cantonale de Geneve SA (BCGEF).
As announced in April 2010, the partnership involved both Semansys and FRSGlobal working together to bring their reporting application into alignment with the SURFI regulation from both regulatory rules and XBRL delivery capabilities. Since introduction of SURFI, Semansys and FRSGlobal have worked hand in hand to leverage this initial success onto FRSGlobals Spanish regulatory solution. Further steps in the partnership will focus on increasing efficiency in the FRSGlobal XBRL-enabled solutions and fully leveraging the Semansys XBRL technology.
Stephane Jauffret, Regional Manager France & Africa, FRSGlobal, stated: With XBRL, financial regulators can drive reporting requirements in a much more active way, adding validations and thus improving data quality at a rapid pace. It is essential then, banks software providers adopt the technology in order to help banks to cope with this pace easily. By harnessing XBRL technology, we are able to provide very dynamic interaction between a firm and its regulator, as exemplified in our successful SURFI implementations.
by: Jim Strange
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