Resources for Basel II Capital Accord (Basel II)
FRSGlobal acquires IRIS integrated risk management
www.bobsguide.com FRSGlobal, the only global provider of regulatory reporting solutions for over 30 countries, today announced the acquisition of Iris integrated risk management AG (“IRIS”), a provider of risk management solutions.
The acquisition enables FRSGlobal to introduce the first combined risk and regulatory reporting solution for financial services – addressing the need to create a single, reliable data framework to best manage risk and meet increasing global regulatory demands.
The deal is supported by The Carlyle Group and Kennet Partners, the private equity investors in FRSGlobal, and is subject to EU approval. Upon completion, FRSGlobal will become the largest independent software and services supplier operating in this space.
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