To meet CBFSAI’s statistical regulatory reporting overhaul
FRSGlobal, a Brussels-based provider of risk management and regulatory compliance reporting solutions on a unified platform with a single data model, has said that its regulatory reporting tool, RegPro is available to help Irish firms comply with the changes to existing Central Bank and Financial Services Authority of Ireland’s (CBFSAI) reporting obligations. Reportedly, so far, 15 Irish financial institutions have signed up for the FRSGlobal solution.
FRSGlobal has claimed that RegPro provides data dictionary detailing the data that will be required from source systems to generate the reports, 30+ new templates (which will be updated as regulators make last-minute changes) and the ability for firms to automate the generation and submission of all required reports in XML via the regulator’s new reporting portal.
Mark Piper, VP UK, Ireland and MEA, FRSGlobal, said: “Firms with international operations in all the European member state countries will be impacted by the ECB changes to different degrees, but all with a common deadline of June 2010. FRSGlobal is implementing solutions all around Europe to help firms meet these requirements ahead of the deadline with our industry leading solution and domain expertise.”