FRS changes name to FRSGlobal

Brussels, London and Boston - 18 September 2007

FRS, a leading global provider of multi-country regulatory reporting solutions, today announces it has changed its name to FRSGlobal, effective immediately. The change was made to more accurately reflect the company’s position as a global solutions provider, with offices in 14 countries, coverage for more than 28 countries and a customer base of over 1,000 financial institutions worldwide.

With the rapid globalisation of the financial marketplace, banks are constantly moving into new territories, and over the next several months FRSGlobal will be announcing a series of developments that will serve to cement its position as the global leader in the enterprise risk, regulatory and compliance marketplace.
Since the beginning of 2007 FRSGlobal’s employee base has grown by over 25% and the firm has substantially bolstered its executive management team with key appointments in Europe, the US and Asia. In the same period it has signed 75+ new deals.

Steve Husk, CEO of FRSGlobal, said: “Since our acquisition in August 2006, we have been focused on fortifying our global resources in order to provide financial institutions with the industry’s best enterprise risk and regulatory compliance reporting solution. Our new name reflects the commitment to our customers to provide solutions that are truly global in nature, as many of them have operations located throughout the world, and, as such, are required to report to many different regulatory authorities.”

FRSGlobal is the only solutions company specialising in multi-country regulatory reporting that blends global reach with local regulatory know-how, regulatory reporting, risk analysis and support. Its operations simplify global complexity by providing a straightforward means of extracting data from central and local back office systems to populate a single global data source and create global and country-specific regulatory reports to meet the regulators’ requirements.

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