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Banque Cantonale de Genève (France) SA selects FRSGlobal to support its regulatory compliance in France

email this aricle - Banque Cantonale de Genève (France) SA selects FRSGlobal to support its regulatory compliance in France - 01 February 2011 print this article - Banque Cantonale de Genève (France) SA selects FRSGlobal to support its regulatory compliance in France - 01 February 2011
FRSGlobal, part of Wolters Kluwer Financial Services, a leading worldwide provider of compliance and risk management solutions for the financial services industry, today announced that Banque Cantonale de Genève (France) SA (BCGEF), has selected FRSGlobal to support its regulatory reporting requirements.

The bank has selected FRSGlobal to produce its regulatory reports such as:

Système Unifié de Reporting Financier (SURFI);

Committee of European Banking Supervisors (CEBS) Common Reporting Framework. (COREP);

Reporting Banque de France including:

• Risk centralisation reporting (CENTRA);

• Cross-border payments reporting;

• Quarterly security-by-security data collection (PROTIDE);

• Cross-border payments reporting;

• Questionnaire Lutte contre le Blanchiment (QLB) – Anti-money laundering questionnaire.

The bank selected FRSGlobal’s RegPro after a thorough evaluation of the market. The bank has also signed up for FRSGlobal Regulatory Update Service to stay up-to-date with future regulatory change.

Christophe Sabara, ITO Manager, BCGEF added: “The prerequisites for us when we sought a provider of regulatory reporting were to have a dedicated team to support us in the implementation phase and beyond, a system that meets our technical standards and a supplier with a proven track record of success. In addition, the solution had to meet the evolving regulatory constraints without additional IT costs over the medium term. FRSGlobal meets all these requirements. We look forward to when the operational implementation of the overall perimeter will be effective in the middle of 2011.”

Stephane Jauffret, Regional Manager France & Africa at FRSGlobal said: “We are very proud to start this new collaboration with Banque Cantonale de Genève (France) SA in order to facilitate the production of regulatory reports and assist them with their financial compliance in France. The fact that the bank undertook an exhaustive assessment of the market once again demonstrates the real value of our solution and range of services. This signature also adds to the leading position of FRSGlobal that was recently reinforced by the success of our existing French customers adopting our SURFI solution.”

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