Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

MCBN to adopt Wolters Kluwer Financial Services’ regulatory reporting technology

Mizuho Corporate Bank Nederland (MCBN) has selected Wolters Kluwer’s regulatory reporting technology to meet the prudential reporting requirements in the Netherlands and in Belgium.

Adoption of the regulatory reporting platform will enable the lender to calculate and submit the common reporting (CoRep) in compliance with the requirements drawn by the Basel Committee for Banking Supervision.

Having capability to automate CoRep reporting, the new technology is efficient and accurate with manageable reporting processes, while saving time, resources and streamlining processes.

The bank has already deployed Wolters Kluwer Financial Services’ regulatory reporting technology for Belgium, and now is gearing up to adopt the same for the Netherlands to meet reporting requirements in the country.

Mizuho Corporate Bank Nederland risk control officer David Morival said that the bank was searching for an automated technology which can provide more data whilst monitoring its integrity to help cope with increasing regulatory requirements.

Following completion of the deployment, the bank will benefit from automation, standardization and simplification of reports as a result of less reliance on dependencies across the end to end process, having strong audit trails of data flows.

Further, it will offer consistency throughout the various reports presented to the regulators including the Dutch National Bank and the National Bank of Belgium.