The State Bank of India has selected Wolters Kluwer Financial Services’ regulatory reporting solution for the bank’s newly opened branch in Tianjin, China.
The bank will use Wolters Kluwer’s solution to submit the operational, financial and accounting reports required by the People’s Bank of China (PBOC), China Banking Regulatory Commission (CBRC) and China State Administration of Foreign Exchange (SAFE).
The bank has been using the solution in China since it entered the market in 2006 and continues to use it in its China head office in Shanghai.
“We are exceptionally proud of our strong relationship with State Bank of India, now in its seventh year and their decision to select our regulatory reporting solution for its new branch is a testament to that relationship and the continuous work of our team of experts in China,” says Chris Puype vice president, APAC at Wolters Kluwer Financial Services. “With the plethora of differing reports required by the three regulatory bodies in China, including the latest installment announced at the end of 2012, SAFE No.36, our experience of regulatory reporting, spanning over 20 years, means State Bank of India has made the right choice.”
State Bank of India Chooses Wolters Kluwer for Regulatory Reporting
The State Bank of India has selected Wolters Kluwer Financial Services' regulatory reporting solution for the bank's newly opened branch in Tianjin, China.
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