FRSGlobal, the a provider of risk and regulatory reporting says that Australia and New Zealand Banking Group Limited (ANZ) has chosen FRSGlobal’s regulatory reporting tool, RegPro to be implemented across 12 countries in Asia Pacific and Japan (APJ) as the bank increases its presence as a super regional bank.
Initially RegPro will be rolled out to ANZ Bank’s Indonesia, China, Singapore, Taiwan, Hong Kong, Vietnam, Japan, India, Philippines, South Korea and Cambodia offices. The bank has options to roll out RegPro into South Pacific, Australia and New Zealand at a later stage.
Over the last 12 months FRSGlobal’s product coverage in APJ has grown from three to eight countries and with the addition of ANZ this will increase further.
Steve Thurley, VP Asia Pacific and Japan, FRSGlobal said, ““We are delighted to be working with ANZ Bank in the region. This is another example of how well FRSGlobal solutions meet the increasing regulatory demands of global banks. With our solutions, they do not have to implement a plethora of local solutions which are expensive, difficult and risky to maintain. Our offering is extremely compelling as we enable global banks to centralise multi-country risk and regulatory reporting from both a technical and business perspective and address global regulatory, compliance and risk requirements at a local level.”
The company says that RegPro includes fully defined regulatory reports for more than 40 countries, with a Guarantee to keep them in line with Regulators' requirements which, in the current climate, will ease the regulatory burden on financial institutions. But the product also includes the ability to define new country or internal management-style reports.
