Dresdner Bank Luxembourg Collaborates with FRS on Reporting Platform
FRS has been selected by Dresdner Bank Luxembourg to provide a new software platform. The new platform should enable the bank to meet the stringent requirements of new Common Reporting (COREP) and Financial Reporting (FINREP) Standards. Dresdner Bank needed to address its reporting capabilities in line with new regulatory requirements in Luxembourg due to come into force by January 2008. COREP and FINREP are guidelines set out by the Committee of European Banking Supervisors (CEBS), to homogenise, simplify, and accelerate the exchange of financial information.