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Mercuria Independent Risk Solutions S.A. (“MIRS”) announces recent changes in its corporate structure and identity. On 10 August 2010, Independent Risk Monitoring Limited purchased from its partner MDO Services its participation in MIRS. Subsequently, on 10 November 2010, MIRS changed its name into “IRML”. IRML’s CEO, Yves de Naurois, declares: “Driven by the implementations of CESR guidelines relating to UCITS IV and Basle III requirements, best practice in risk management is changing rapidly with a significant focus on qualitative requirements such as independence, risk profiles, documentation and validation. While we anticipated many of these developments which form the basis of the monitoring methodology embedded into our RiskRadarTM platform, we felt there was a need to deploy our...
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