European private bank Fideuram Bank (Monaco), a part of the Italian banking group Intesa Sanpaolo, has selected FRSGlobal’s regulatory reporting tool, RegPro, for its regional reporting requirements. FRSGlobal is a provider of risk and regulatory compliance solutions.
Reportedly, 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. FRSGlobal’s Guarantee ensures that all regulatory reports are maintained in line with the regulators’ requirements. Additionally, 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.
FRSGlobal has said that RegPro’s automated end-to-end production of regulatory reports replaces the bank’s previous manual method of creating and submitting reports to the regulator.
Marc Gillis, sales director EMEA south, FRSGlobal, said: “Fideuram Bank (Luxembourg) has stated in the past that it selected FRSGlobal ahead of the competition because it was impressed with our proven implementation success and our in-depth knowledge of financial reporting regulation. So the fact that such a major bank is further extending its regional coverage with us is a true testament to the actual strength of our technology once it is put into action.”
