Wall Street Systems and Reval are partnering to provide corporations with a broader range of automated hedge accounting systems to meet ever increasing regulatory requirements. While some large companies already use the Wallstreet line of treasury, trading and settlement systems in conjunction with Reval's financial risk management products, this new arrangement will provide our clients with a choice of solutions for hedge accounting, says Joergen Jensen, Wallstreet's director of corporation solutions.
"This lets us concentrate on what we do best while giving some of our most demanding clients the best-of-breed solutions they want," says Jensen. That way users won't have to mess around with clumsy external workarounds, he says.
Wallstreet will still provide high-performance solutions for hedge accounting but will partner for more complex requirements. This collaboration will help clients meet the growing demand of FAS 133, FAS 157 and IAS 39 accounting standards, he says.
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