European private bank Fideuram Bank (Monaco), part of the Italian banking group Intesa Sanpaolo, has selected FRSGlobal’s 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 Base des Agents Financiers (BAFI), etc. 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 Système Unifié de Reporting Financier (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.
Vincent Burgraff, director of organisation and systems at Fideuram Bank (Luxembourg), said: “We were already aware of what we could achieve with FRSGlobal’s RegPro, as we chose it for our Luxembourg regulatory reporting two years ago. 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.”
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