FRSGlobal, the provider of risk and regulatory compliance solutions on a unified platform with coverage for over 40 countries, announced that, European private bank Fideuram Bank (Monaco), part of the Italian banking group Intesa Sanpaolo, a market leader in retail and corporate banking, asset management, corporate finance and trading, has selected FRSGlobals regulatory reporting tool, RegPro for its regional reporting requirements.
With RegPro, Fideuram Bank (Monaco) can generate the regulatory reports that will keep it in line with specific requirements outlined by Banque de France and Commission Bancaire including BAFI, CENTRA, CRP, BOP, Protide and COREP. FRSGlobals Guarantee ensures that all regulatory reports are maintained in line with regulators’ requirements, for example, the bank will also be fully compliant when the BAFI regulation is replaced by SURFI in 2010. RegPro also has the ability for all statistical reports to be sent on a monthly, quarterly, bi-annual, annual or on an ad-hoc basis.
We were already aware of what we could achieve with FRSGlobals RegPro, as we chose it for our Luxembourg regulatory reporting two years ago, says Vincent Burgraff, director of organisation & systems at Fideuram Bank (Luxembourg). Having tried and tested the solution extensively in our day-to-day business, we can say with confidence that FRSGlobal is our risk and regulatory solution provider of choice. The stability, flexibility and scalability of RegPro is second to none.
RegPros automated end-to-end production of regulatory reports replaces the banks previous manual method of creating and submitting reports to the regulator, saving the company valuable time and resource.
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