February 7, 2013 - Wolters Kluwer Financial Services announced today that it has won the 2013 European CEO Risk & Compliance Award for "Best Compliance Management Provider." The annual awards, determined by the publication's 50,000-strong readership as well as a panel of expert judges, recognize excellence in the practice of financial risk and compliance.
With the influx in recent times of global regulations such as Basel III, Solvency II and IFRS, effective compliance & risk management is pivotal to a financial institution looking to achieve greater financial stability. European CEO's "Best Compliance Management Provider" award recognizes Wolters Kluwer Financial Services' solution suite that addresses the finance, risk, performance, compliance and audit needs of financial institutions.
"Wolters Kluwer Financial Services has excelled in providing an unparalleled expertise to their clients with a clear and consistent focus on compliance, which saves financial firms valuable time and resources when faced with the increasingly complex and changing regulatory requirements that are impacting the industry across the world today," said Helene Scholl, editor of European CEO. "This was reflected by our readers' votes and our independent panel of judges who recognized Wolters Kluwer Financial Services as the industry leader in compliance management."
"We are delighted to be recognized as the Best Compliance Management Provider by the readers of European CEO. It is testament to the level of service, expertise and dedication given by our people to our customers, which is truly second to none," said Raffi Festekjian, CEO - Finance Risk & Compliance, at Wolters Kluwer Financial Services. "The wide range of functionality within our integrated solutions, such as Basel III and Solvency II for example, demonstrates significant benefits to our customers' business and we look forward to continuing to help companies across the globe meet their compliance and risk requirements moving into 2013 and beyond."
The capabilities of the Wolters Kluwer Financial Services' solution suite is underpinned by its expertise and the domain knowledge of more than 400 in-house compliance and risk management experts. On-going compliance poses many demanding issues for financial institutions of all sizes and up-to-date expert insight into global regulations such as Basel III, Solvency II, IFRS and the local adaptions of these guidelines is a pre-requisite to meeting the necessary requirements.
European CEO is read by C-suite executives in 28 countries throughout Europe and provides topical coverage addressing the corporate needs of European business leaders. The publication covers subjects of interest to the industry insider, offering insight into the state of European and international business today. Overall there are 18 Risk & Compliance Awards and the winners are comprised of the industry's leading providers.
