FRSGlobal, part of Wolters Kluwer Financial Services, the worldwide provider of compliance and risk management solutions for the financial services industry, today announced that it has incorporated regulatory and legal reporting into its regulatory reporting solution for foreign banks in Japan. To date, three major global banking groups, including ANZ, have subscribed to this solution as part of their multi-regulatory reporting frameworks.
The application automatically extracts the required data from the firm and populates:
• Gyomu/Kessan/Nikkeihyo reports: annual/semi-annual/month-end financial statements consisting of balance sheet, income statement and various breakdown schedules on key balance sheet and profit & loss items;
• Daily projected and month-end regulatory deposit reserve computation;
• Various foreign exchange transactional reports: based on securities, gensaki repo, stock lending and borrowing, derivatives, traveller’s cheques and foreign currency cash, etc.;
• Various risk analysis reports: covering interest rate risk, repricing gap, large borrowers and depositors, foreign exchange positions, short term source and the application of fund, country risk exposure reports, etc.;
• Custodian reports: covering either the bank’s own securities under custody or the client’s securities under custody.
FRSGlobal’s solution automates report compilation, saving firms valuable time and resource; facilitates dual language for both Japanese and non-Japanese readers; and, by harnessing FRSGlobal’s fully defined, standardised data model DataFoundation, is fully extendable to other reports in Japan or to other countries.
D.C.