Wolters Kluwer Financial Services is acquiring Spring through its FRSGlobal business, which provides a unified regulatory reporting and risk management solution for financial organizations across the globe.
Spring provides full reporting templates and high-level input and delivery mechanisms to UK regulators.
The acquisition is expected to enable the combined company to help more financial organizations better meet intensifying liquidity and stress testing requirements in the UK.
FRSGlobal CEO Steve Husk said the introduction of the Financial Services Authority (FSA) liquidity regime with mandatory stress testing has begun to change the regulatory reporting landscape dramatically across the UK. Together with Spring, they can provide the most comprehensive financial risk and reporting solutions for UK financial firms of all sizes.
