Credit Agricole has selected FinArch’s Financial Studio compliance applications.
To comply with the upcoming regulations, Credit Agricole opted for FinArch’s comprehensive compliance applications to cover multiple compliance requirements, such as FINREP – IAS/IFRS compliance reporting, COREP – Basel II/Pillar 3 reporting and local regulatory reporting towards the Belgian regulatory bodies.
“At the end of our Basel II project for the calculation of the capital adequacy ratio we came to the legal reporting phase,” says Philippe Eulaerts, director of reporting & control at Credit Agricole. “Now, we are in a recurrent business phase and we are systematically raising the degree of automation.”