Wolters Kluwer Financial Services, a provider of compliance and risk management solutions for the financial services industry, has expanded its enterprise risk management (ERM) offering, ARC Logics for Financial Services, to the European marketplace. The offering helps financial services professionals better understand and evaluate compliance, operational and financial risk across their entire organizations.

The ARC Logics for Financial Services solution suite combines the company's Sword risk management technology platform with Wolters Kluwer Financial Services' trusted European regulatory content and compliance expertise. Wolters Kluwer acquired the Sword solution in 2008, which has now officially become part of the ARC Logics offering.

The ARC Logics solution suite also draws upon the financial risk management and reporting capabilities of FRSGlobal, a part of Wolters Kluwer Financial Services. As a result, financial organizations can utilize ARC Logics to collaboratively manage compliance, operational and financial risks, as well as internal audit, across all business lines and legal entities, and across multiple risk disciplines.

This approach allows organizations to take a coordinated approach for completing risk assessments, reporting risk incidents and issues, providing control attestation, and producing appropriate reports for regulators, board members, executive management and shareholders. With ARC Logics, organizations are better able to fulfill immediate enterprise risk management objectives in a targeted, cost-effective manner while concurrently building a holistic, enterprise-wide program.