Press Release

Wolters Kluwer Financial Services Offers Policies and Procedures System to UK Financial Firms

LONDON – 21 Dec. 2010 – Wolters Kluwer Financial Services has expanded its Policies and Procedures system to meet the needs of wholesale banks in the UK. This offering will help alleviate challenges many firms are facing as the result of recent regulatory changes.

More than 4,000 pages of change were made to the Financial Services Authority (FSA) Handbook during 2010. Policies and Procedures helps compliance officers monitor and interpret regulatory changes as they happen so they can determine potential impact on their business and maintain their compliance manuals accordingly. Using a step-by-step process, it allows compliance officers to assemble, revise and distribute a policies and procedures manual to employees online. Extremely customisable, the system can also provide a gap analysis against firm’s existing policies and procedures manuals.

“With the changing role of the Financial Services Authority, there is a strong focus on the future of the financial services sector and how the regulatory structure might change,” said Mark Coronna, managing director, Wolters Kluwer Financial Services-Europe. “Not only can we help firms monitor regulatory changes, but we can also help them ensure their compliance manuals continue to meet requirements.”

Policies and Procedures is part of Wolters Kluwer Financial Services’ regulatory intelligence solution set, linking directly to the company’s Compliance Resource Network, a research platform that consolidates financial services laws, regulations and commentary. Policies and Procedures also complements Wolters Kluwer Financial Services’ eLearning compliance courses

For more information about Wolters Kluwer Financial Services’ offerings, visit www.complianceresourcenetwork.com.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organisations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. Wolters Kluwer Financial Services supports its global customers with offices in more than 20 countries and is the leading worldwide provider of compliance and risk management solutions for the financial services industry, serving more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a market-leading global information services company focused on professionals with annual revenues (2009) of €3.4 billion (£3.0 billion), approximately 19,300 employees worldwide and operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Visit our website, YouTube or follow @WKFinancialEU on Twitter for more information about our market positions, customers, brands, and organisation.