Crédit Agricole has selected FinArch’s Financial Studio compliance solutions to replace its current compliance solution and to answer its reporting requirements for COREP (Basel II), FINREP (IAS/IFRS) and Belgian regulatory reporting. Financial Studio covers relevant IAS/IFRS requirements for both internal and external reporting, provides extended audit trail and drill down functionality and automates the workflows involved with IFRS accounts and statements preparation. The solution supports Basel II/Pillar 3 reporting as it relates to credit risk exposures before and after credit risk mitigation and includes a variety of standard reporting functions. Financial Studio enables automated compliance with reporting requirements from regulatory authorities, management, and head offices as it helps to ensure the accuracy and integrity of financial reports while increasing reporting efficiency, automates reports population using a flexible, user-driven allocation wizard, maintains report formatting and validation rules within the system, and includes updates whenever changes are imposed by the regulatory bodies.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.