20 October 2016, London & New York
Risk Focus, Inc., the leading provider of control and compliance solutions for regulatory trade and transaction reporting to the global capital markets, today announced it has been shortlisted for the “Best New Technology Product – Reporting” in the prestigious FOW International Awards for 2016. The shortlisting of Risk Focus highlights the increasing importance of regulatory compliance within global financial markets and particularly the need for efficient trade reporting ahead of regulations such as MiFID II.
Brian Lynch, CEO of Risk Focus, commented: “The regulation and compliance sector has taken centre stage within financial institutions, primarily due to the combined pressure of tight implementation deadlines and potentially severe fines from regulators. The RegTech sector has developed rapidly in response to demand and it is very encouraging for Risk Focus to gain the global recognition and be shortlisted Best New Technology product for our innovations in trade reporting. We work with regulators and market participants and are unique in providing financial institutions with an exclusive regulatory trade reporting SLA which assures our clients always stay ahead of regulations.”
With increasing scrutiny and enforcement on banks and other financial institutions for reporting breaches, errors and omissions, firms are under pressure to show that they have the right controls in place. There is a growing need for the Risk Focus trade reporting service, particularly as any under-reporting can attract significant penalties from regulators.
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Alla Lapidus / Anne-Charlotte Duhaut
Moonlight Media Ltd.
Tel: +44 (0) 20 7250 4770
About Risk Focus:
Risk Focus is the only company to provide control and compliance for regulatory trade and transaction reporting to its clients with a Regulatory and Repository SLA, helping firms stay ahead of the increasingly challenging demands of global regulators in capital markets. With a Global footprint and offices in New York, London and Riga, we offer a full service model, from advisory and architecture, through to full solution implementation and delivery services including Trade Reporting, Risk Management and Cloud Enabling solutions.
We work closely with leading regulators to provide clients with the most up-to-date regulatory reporting software. Report-It.Trade is the only suite of tools specifically designed to help clients meet the demands of global regulators for accuracy, completeness and timeliness of regulatory reporting.
Since 2004 the world’s top brokers, banks, clearing houses and hedge funds have relied on Risk Focus’ domain expertise and unrivalled track record of on-time delivery for their specialist solutions needs.
For more information please visit https://riskfocus.com or
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