Allows Treasury and Trading Departments to Manage Compliance and Risk More Holistically, Transparently and Efficiently
Wolters Kluwer Financial Services has announced it can now help U.K. financial organizations more effectively mitigate the risks tied to their trading operations, which have recently lead to substantial monetary losses for some firms. Wolters Kluwer Financial Services has integrated its trading compliance and operational risk management content within the company’s proven ARC Logics’ enterprise risk management (ERM) solution suite. As a result, Treasury and Trading departments can utilize ARC Logics to help to manage their compliance and operational risk management programmes in a more holistic, transparent and efficient manner.
The Financial Services Authority (FSA) issued a policy statement in December 2011 that emphasizes the need for organizations to more proactively manage risks tied to financial crimes, including investment fraud. The ARC Logics solution can help them do so by providing firms with a structured, comprehensive framework to manage trading compliance and risk that includes policies and procedures, risks and controls, and measurement and monitoring. All of this can be tailored to their own business, regulatory and risk management requirements by Wolters Kluwer Financial Services’ consultants.
“More and more organizations are being hit hard by operational losses and regulatory fines related to trading,” said Todd Cooper, vice president and general manager of Wolters Kluwer Financial Services’ Enterprise Risk & Compliance business. “We’ve enhanced ARC Logics to help them gain the insight and control needed to achieve a more complete view of the risk surrounding their trading operation.”
The ARC Logics solution suite allows financial organizations to manage a single key area of risk or work toward a holistic ERM strategy including compliance, operational, financial risk and audit, as well as the governance function. It delivers actionable risk intelligence where and when they need it to effectively manage risk. The suite’s modular approach enables organizations to fulfill immediate risk management objectives in a targeted, cost-effective manner while allowing for expanded future usage of the same platform. All of this empowers risk management professionals to quickly make smart decisions with confidence in rapidly changing business and regulatory environments.