Thomson reuters logoThomson Reuters and Wolters Kluwer were marching in step this week as both tax and accounting companies said they were entering the government, risk and compliance market in a more concentrated way. Thomson got there by creating its own group while the next day its rival announced an acquisition to enable it to expand in the market. wolters kluwer logo

On Wednesday, Thomson said it had created a Governance, Risk and Compliance group that brought together several of its companies, including Complinet, Paisley, Westlaw Business, West's Capitol Watch, Oden and Westlaw Compliance Advisor. Thomson's former chief strategy officer David Craig, who has been named president.

Today, Wolters Kluwer disclosed it had purchased  FRSGlobal, a Brussels-based financial regulatory reporting and risk management company from The Carlyle Group and growth equity investor Kennet Partners.

GRC serves financial institutions, insurance and other organizations tools and resources in the areas of global regulatory and securities intelligence; business law research; contract and deal-drafting tools; internal policy management; e-learning; anti-money laundering solutions; and audit, filing, board of director and disclosure services.

FRSGlobal, aimed at international financial institutions, provides resources in the area of multi-country risk and regulatory reporting, and addresses major financial regulatory, compliance and risk management requirements globally.

Last modified on Sunday, 02 June 2013
Read 2739 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline