Monday, August 17, 2009

Carlyle Group Affiliate Recommends Regulatory Reform

Carlyle Group purchased FRSGlobal in 2006. It is the "only provider of risk management and regulatory compliance reporting solutions on a unified platform with a single data model." It provides coverage for over 40 countries. Today it released an in depth report on "Global Regulatory Responses to the Financial Crisis." It is intended to guide international firms through the developing regulatory terrain.

It doesn't hurt to have senior Carlyle Group leaders chairing global and U.S. studies on financial reform. Carlyle co-founder David Rubenstein chairs the World Economic Forum study, while Senior Adviser Arthur Levitt heads a domestic study group. Is that part of FRSGlobal's marketing pitch? Banks are buying.