FRS

FRS

Kleine Kloosterstraat 23 B-1932 St. Stevens-Woluwe Belgium
Tel +32 2 416 2400, Fax +32 2 416 2401, Web www.frsglobal.com, Email: info@frsglobal.com
Contact: Geoff Round, Marketing
Other Office Locations: FRS Netherlands, FRS France, FRS Portugal, FRS Hong Kong, FRS Singpaore, FRS Spain, FRS Ireland, FRS UK, FRS Luxembourg, FRS Americas

FRS provides financial institutions worldwide with regulatory reporting, compliance and operational risk management solutions that enable them to increase operational efficiency reduce costs and mitigate risks. The FRS Financial Analytics suite of applications helps institutions to overcome regulatory & compliance obstacles, including prudential reporting requirements, Basel II, IFRS and Sarbanes-Oxley, by leveraging a common data foundation and operational risk management framework to harness financial intelligence across the enterprise. FRS brings more than a decade of industry expertise to more than 1,000 institutions in more than 28 countries, including 41 of the top 50 global financial institutions. Additional information about FRS is available at www.frsglobal.com.

Market Space/Definition: Risk management and governance, risk measurement, financial and regulatory reporting, controls-based compliance initiatives (Basel II and SOX)

Global Reach: EMEA, North America, APJ.  FRS maintains 13 offices in 12 countries; its product reach spans 28 distinct geographical locations

Headquarters: Brussels – Belgium

Offices: FRS maintains offices in the following countries: Belgium; UK; Ireland, Hong Kong, India; Luxembourg; The Netherlands; Portugal; Singapore; Spain; The United States. A new office in Canada will be opened in Spring 2007.

Data Centers: 1; Pune, India

Founded / Funded: FRS was founded in 1989

Employees: FRS employs over 200 people worldwide

Vision: Recognized in the market as the leading company for regulatory and compliance solutions internationally.

Mission: To provide an unparalleled subscription content service and supporting software applications that assists our customers to be compliant with their regulators’ demands wherever they are located.

Product: FRS Data Foundation, the flexible and customizable core that delivers increased control and consistency of data from multiple perspectives and time periods. This specialized data mart is designed to help banks answering Regulatory requirements such as statistical/prudential reporting, Basel II and IFRS.

FRS Regulatory Reporting, institutions stay in step with the statutory requirements of central banks and supervisory agencies to produce timely and accurate financial reports. By automating the end-to-end workflow of regulatory reporting – from data capture to validation to report delivery – the solution streamlines laborious processes and enables institutions to reduce operational costs. FRS FinancialAnalytics supports statutory reporting in more than 28 countries.

FRS Risk Measurement extends the Company’s support for existing capital adequacy directives to additional risk analysis and capital allocation, providing institutions with a foundation for highly-effective operational management and Basel II compliance.  The application supports credit risk analysis using the Standard Method, Foundation Internal Ratings-Based Approach and other mitigation techniques. 

Leveraging the FRS Analytics engines, FRS IFRS Reporting enables institutions to attain accurate and reliable IAS/IFRS compliant reporting; it is a fully integrated solution providing calculations for fair value, cash flow generation an amortized costs, while simultaneously ensuring precise reconciliation and reporting of multi and local GAAP into a single, standardized and consistent IFRS format. 

Alliances:
FRS with best-of-class organizations that further enable it to deliver and augment regulatory reporting and  risk management solutions for its customers around the globe.  Among FRS’ partners are organizations such as BearingPoint, SAP, Algorithmics, Avaloq, SAP, Business Objects, KPMG.

Customer selection:
BNPP - BFI
BMO
UBS
ABN-AMRO
COMMERZBANK
DEUTSCHE BANK
HSBC
STATE STREET BANK
US BANK
FORTIS

Technology - Compliance & Reporting, Data Management, Risk Management