Quadrant Risk Management (International) Limited (“Quadrant”) is pleased to announce the successful implementation of its Compliance Assurance Solution (“CAS”) at MF Global (UK) Ltd (“MFG”), one of the world’s leading futures and options brokers.

Quadrant Risk Management (International) Limited, a leading supplier of Enterprise Risk and Compliance solutions, announces that Parex Banka (Latvia) successfully implemented its SAB² solution to enable group capital adequacy reporting to the Latvian regulator.

London, UK, 21st August 2008: Quadrant, a leading supplier of enterprise risk and compliance solutions, announces that Parex Bank (Latvia) has successfully implemented its SAB2 solution to enable consolidated capital adequacy reporting to the Latvian regulator.

Quadrant Risk Management (International) Limited, a leading supplier of enterprise risk and compliance solutions, today announced that AB Parex Bankas (Lithuania) has successfully implemented Quadrant’s SAB² solution for Basel II capital adequacy and compliance reporting.

London, UK, 8th April 2008, Quadrant Risk Management (International), a leading supplier of compliance and risk solutions to the financial industry, today announced that it has appointed Simon Baker Deputy Head of Consultancy. Reporting to Paul Ashton, Director and Head of Consultancy, Simon will be responsible for further expanding Quadrant's risk and compliance consulting business. Simon joins from Lloyds TSB where he gained in-depth experience of risk, compliance and change management.

During the initial phase of Basel II implementation, the regulatory spotlight was primarily focused on those firms applying for AMA approval for operational risk ("OR") regulatory capital. It is, however, becoming apparent that in the wake of the recent high-profile operational risk losses incurred by institutions around the world, the FSA and other financial regulators are considering rolling out the "regulatory use test" to a wider audience of firms.

As banks throughout Europe have disbanded their Basel II programmes and now calculate their regulatory capital requirements on a basis more reflective of the risks they run, top management teams may well be forgiven for thinking that this hugely expensive exercise is all over and that they can move on to spend their money on other things, which in their view will add more value to the business.