Compliance

Thunderhead, a leading provider of customer communication management software, and Sapient Global Markets, a division of Sapient Corporation (NASDAQ: SAPE) and a leading provider of business and technology consulting services to the financial and commodity market participants, today announced a partnership created to build loyalty and profitability for customers of both organizations by optimizing customer engagement via an enhanced offering built around the relevant strengths of each partner.

Integrating leading business assets under former Chief Strategy Officer David Craig

Thomson Reuters today announced the creation of a new business dedicated to serving customers across the span of Governance, Risk and Compliance (GRC). The new business brings together Thomson Reuters GRC brands including Complinet, Paisley, Westlaw Business, West's Capitol Watch, Oden and Westlaw Compliance Advisor. It will be led by Thomson Reuters former chief strategy officer David Craig, who has been named president.

- New front office environment aids decision support, order origination and pre-trade compliance

Strategic Thought Group (STG), developer of the most widely deployed Web-based Enterprise Risk Management (ERM) software, has released major enhancements to support operational, financial and regulatory controls management. The new release provides a set of advanced capabilities which address external compliance requirements, such as Sarbanes-Oxley, and internal enterprise-wide control frameworks for health and safety, IT, human resources and quality management. It further allows the tracking and management of controls relating to operations, performance and risk.

FRSGlobal, the only global provider of risk and regulatory reporting solutions with coverage for over 40 countries on a unified platform, today announced that just over one year after the French Commission announced its Système Unifié de Reporting Financier (SURFI) project, 15 firms have selected FRSGlobal’s regulatory reporting solution in order to prepare for the new regulation. These firms will be able to use the solution when the French Commission opens up its testing environment in January 2010.

FRSGlobal, the only global provider of risk and regulatory compliance solutions on a unified platform with coverage for over 40 countries, today announced the release of the latest version of its Credit Risk TNG module within its unified risk and profitability analysis solution, RiskPro, to help the banking, insurance and corporate sectors strengthen risk management insight.

Reval, a global leader in derivative risk management and hedge accounting solutions and services, today announced a partnership with Equaris, an independent consultancy providing risk management advisory to some of the largest banks, financial institutions and corporations in the Netherlands. The partnership will leverage Equaris’ knowledge of the market to deliver Reval’s IAS 39 solutions.

FinArch, the leading international provider of Finance Resource Planning (FRP) for the finance industry, today announced that one of the largest retail and investment banks in the world has signed an agreement with FinArch to fully address the pending FSA Liquidity Risk Calculation and Reporting regime. The fully functional solution is being implemented ahead of the FSA’s published timelines to ensure the bank is fully compliant with a tried and tested approach.

Version 2.0 of Princeton Financial Systems’ US-1940 Act LawCard helps clients comply with stronger regulation.

A New Report from Aite Group

Compliance officers, already struggling to keep abreast of and meet the regulation requirements impacting their daily tasks, will continue to face challenges ahead.