Resources for Federal Financial Institutions Examination Council (FFIEC)

FRSGlobal takes Financial i MiFID Compliance Award

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FRSGlobal, a leading provider of global risk and regulatory compliance reporting solutions, has won the ‘MiFID Compliance’ category of the ‘Leaders in Innovation Awards’ from key financial services publication Financial i.

The award recognises the success of FRSGlobal’s “Transaction Reporting for MiFID” in assisting the wholesale banking sector in its compliance with the Markets in Financial Instruments Directive (MiFID). Although regulatory reporting is often not the top priority in compliance initiatives, it is the one guaranteed requirement in every programme. The JWG-IT independent think-tank has found that MiFID implementers placed the changes introduced by the new transaction reporting regime as one of the most complex and difficult to overcome. FRSGlobal currently has 30 banks using its “Transaction Reporting for MiFID” solution.

“It is a great achievement to be recognised for the value we are providing the financial industry with in what is an increasingly regulated market,” commented Virginie Blaise, Product Management Director at FRSGlobal. “We see further growth opportunities not only in Europe but globally and our unique ability to provide centralised global regulatory reporting puts us ahead of the game”.

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