FRSGlobal Announces Immediate Availability of Validation and Audit Platform for Advanced Approach to Basel II
6 January 2009
FRSGlobal, the only global provider of risk and regulatory compliance solutions with coverage for over 30 countries, today announced that it has released a validation and audit platform for the advanced approach to Basel II.
FRSGlobal has taken the Federal Financial Institutions Examination Council (FFIEC) 101 templates and mapped them to their data integration platform to provide an automated advanced approach to Basel II reporting solution.
The FRSGlobal advanced approach to Basel II reporting solution is available now.
Richard Ferrari, Vice President – Americas, FRSGlobal, commented:
“Banks looking to implement an advanced approach to Basel II solution that meets the requirements of the FFIEC now have an automated solution based on proven technology. The FRSGlobal reporting solution is currently being used by over 1,500 financial organizations around the world.”