FRSGlobal Launches Risk and Regulatory Reporting Platform in Asia-Pacific
FRSGlobal has launched its FinancialAnalytics solution in Asia-Pacific and Japan. The launch is designed to enable banks in the region to standardise and consolidate their procedures while automating risk and regulatory reporting across multiple countries and entities. Users will be able to control this process from beginning to end – taking data from the source systems through to sending the reports to the regulator. FRSGlobal VP for Asia-Pacific and Japan, Stephen Thurley, commented “If you can consolidate regulatory reporting from non-centralised locations, with data from regional management information systems (MIS) and head office reporting, it makes a lot of sense to do so using one system.” The FRSGlobal solution is designed so that all data across a bank’s source systems can be stored in the central data repository – DataFoundation – to provide the bank with a single and complete source of validated data (fit for regulators). This can be used to generate structured reports as defined (and demanded) by the regulators and also the ad-hoc style management reports required across the entire organisation. Risk management-style reports can be produced by division and/or amalgamated and information can be provided for head office executives.