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Wolters Kluwer Financial Services is expanding its consulting services for U.S. insurance and securities firms to help them address the challenges of enterprise-risk management (ERM).

With the increased demand for transparency around risk from regulators, auditing firms and rating agencies, financial firms are feeling the pressure to adopt comprehensive ERM programs. A Wolters Kluwer survey of nearly 185 professionals working at broker-dealers, investment advisors, hedge funds and other types of securities firms showed more than 80 percent of the respondents are concerned about managing risk within their organizations.

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