MF Global (UK) Installs Quadrant’s CAS for Compliance Assurance

London - 9 September 2008

Quadrant, a leading supplier of enterprise risk and compliance solutions, announced that MFG has successfully implemented its new CAS system for effective compliance assurance in Financial Services Institutions (FSIs). MFG is the first FSI to implement the CAS.

The CAS, in this first phase of its implementation, delivers to MFG’s compliance officers and senior management the capability to better manage and evidence the prudent oversight of the compliance case workload arising from its compliance monitoring activities, including anti-money laundering, market abuse, regulatory and exchange enquiries and complaints. Quadrant has provided domain expertise to help specify the compliance policy and framework as well as the tailored CAS system. The CAS incorporates the Quadrant C2 data model for compliance, and EPS – its Enterprise Presentation Server.

Rob Stansbury, Chairman of Quadrant, said, “This combined deployment of our C2 compliance assurance data model and Enterprise Presentation Server, in a tailored solution developed with and for MF Global’s Compliance and Legal Department in the UK, provides an advanced compliance assurance capability. This both assists significantly in the management of the considerable compliance workload arising from MFG’s successful day-to-day brokerage business and provides MFG with a flexible reporting environment for management and Board-level reporting. It plays to the strengths of the risk-based compliance approach adopted by our client. Furthermore, the successful implementation attests to the considerable co-operation and beneficial partnership approach between Quadrant’s and MFG’s management and staff, resulting in the delivery of an advanced compliance management solution tailored to the client’s unique business profile, and its complex compliance requirements.”

Paul Lockyear, CEO Quadrant, said, “I am delighted to welcome MFG as the first client for our new CAS solution for Compliance Assurance. CAS broadens our offerings in the important regulatory and compliance sector and builds on our domain expertise and technical excellence.”

Richard Seaman, Director of Compliance for Europe at MFG, says: “The implementation of the CAS marks the culmination of a significant programme of work undertaken by MFG in the UK in respect of improving and upgrading our compliance capability. This has been a considerable journey and Quadrant has walked with us every step of the way, providing advice, producing an effective policy and procedural framework and delivering a pragmatic and effective compliance assurance infrastructure.”

Gary Hayward, Associate Director and head of the compliance assurance initiatives at MFG, said, “The ability to integrate all of our diverse compliance assurance activities into one system has enabled us to achieve a number of key assurance objectives, in particular an improvement in: teamwork; workload management; information retrieval; reporting and performance analysis. Together these mean that MFG can evidence that it is carrying out its compliance responsibilities effectively and efficiently.”

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