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.