FRSGlobal, the only global provider of risk and regulatory compliance solutions on a unified platform with coverage for over 30 countries, announced that it has been selected by Manulife Bank of Canada in order to meet Canadian Statutory reporting and Canadian Basel II Standardized reporting requirements.

FRSGlobal is working with Manulife Bank’s central project management advisory and IT finance divisions to ensure a smooth implementation and expects to complete the project by December 2008 in time for a parallel run of the Q4 2008 financial reporting needs. The bank aims to fully transfer over to FRSGlobal’s automated solution by Q1 2009. Manulife Bank is also interested in pursuing FRSGlobal’s Basel II New Credit Risk (NCR) reporting solution at the completion of these software installations.