Federal Home Loan Bank of Chicago (FHLBC) Chooses MetricStream for Enterprise-wide GRC Integration

PALO ALTO, Calif., Jan. 6, 2011 /PRNewswire/ -- MetricStream, the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that the Federal Home Loan Bank of Chicago (FHLBC) has chosen MetricStream to integrate its GRC initiatives across the enterprise using MetricStream GRC as its single platform. MetricStream GRC Platform will enable FHLBC to manage risks, streamline its compliance reporting and documentation, and track and remedy exceptions.

"We are extremely pleased to partner with FHLBC," says Gaurav Kapoor, CFO and General Manager at MetricStream. "FHLBC's selection of MetricStream cements our position as the preferred GRC provider for banks and financial services organizations."

About the Federal Home Loan Bank of Chicago

The Federal Home Loan Bank of Chicago is an $87.7 billion wholesale bank, serving the needs of member financial institutions located in Illinois and Wisconsin. The FHLB Chicago's mission is to work in tandem with these member institutions to provide liquidity, term funding, mortgage purchase options, and direct support for community investment and affordable housing initiatives.

About MetricStream

MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for global corporations. MetricStream solutions are used by leading corporations such as Pfizer, Philips, NASDAQ, UBS, SanDisk, BP, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in diverse industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to manage their quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as by over a million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com.

SOURCE MetricStream

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