Press Releases


Hamblin Watsa Investment Counsel Chooses Wolters Kluwer Financial Services’ CCH Examiner


Solution Provides Added Confidence in Monitoring Employee Personal Trading Activity

WALTHAM, Mass. – (Feb. 11, 2008) – Wolters Kluwer Financial Services today announced that Hamblin Watsa Investment Counsel Ltd., a Toronto-based investment management firm, has implemented CCH® Examiner to monitor employee personal trading.

CCH Examiner helps compliance officers with one of their biggest challenges—monitoring and tracking employee trading activity in accordance with best practices and industry regulations. CCH Examiner integrates with any trade order management system, automating the surveillance process to help mitigate regulatory and liability risks. Hamblin Watsa, which uses CCH Examiner to automate rules testing for employees’ pre-clearance trade requests and streamline the certification process, selected Wolters Kluwer Financial Services following an in-depth analysis of several tools on the market.

“We looked at a number of products and from our perspective CCH Examiner was the best fit,” said Paul Rivett, Hamblin Watsa’s chief operating officer. “CCH Examiner has several functional strengths, including user-friendly certifications and the ability to maintain de minimis exceptions. Wolters Kluwer Financial Services also has an experienced in-house compliance staff, which was a definite advantage.”

CCH Examiner allows Hamblin Watsa’s compliance professionals to have better oversight of employees’ personal trading and respond to their pre-clearance requests faster since CCH Examiner automates the rules testing process.

“Online pre-clearance for trades allows instantaneous feedback for the employee entering the trade request,” explained Peter Berkery, general manager of Securities Compliance Solutions at Wolters Kluwer Financial Services. “By reducing manual processes, CCH Examiner eases the burden for both employees and the compliance officers who monitor the trading activity, while providing confidence that regulatory requirements are being met.”

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organisations manage risk and improve efficiency and effectiveness across their enterprise. The organisation’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street®.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organisations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2006) of € 3.4 billion, employs approximately 18,450 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.