FRSGlobal Incorporates Regulatory Reporting for Foreign Banks in Japan
FRSGlobal, part of Wolters Kluwer Financial Services, has incorporated regulatory and legal reporting into its regulatory reporting solution for foreign banks in Japan. Three major global banking groups, including ANZ, have subscribed to this solution as part of their multi-regulatory reporting frameworks.
The application automatically extracts the required data from the firm and populates:
Stephen Thurley, vice president for Asia-Pacific and Japan at FRSGlobal, said: “The regulatory reporting framework in Japan is notoriously difficult to manage from a foreign bank’s perspective so we are very pleased that we can provide a fully functional reporting solution that addresses this market’s specific pain points. With an established team and on-the-ground support we are able to provide an ongoing commitment to help our customers keep the regulatory reports in the countries we support up-to-date. We look forward to seeing further growth in this territory.”