Wolters Kluwer Financial Services has integrated its trading compliance and operational risk management content within the company’s ARC Logics’ enterprise risk management (ERM) solution suite to help UK financial organisations more effectively mitigate the risks tied to their trading operations, which have recently lead to substantial monetary losses for some firms. As a result, treasury and trading departments can use 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 emphasises the need for organisations 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 organisations 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 and 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.”
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