CCR World Magazine


You are here  :Home arrow News arrow Société Générale Private Banking Selects Wolters Kluwer Financial Services
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Société Générale Private Banking Selects Wolters Kluwer Financial Services Print E-mail
Monday, 28 July 2014

Brussels – 28 July, 2014: Wolters Kluwer Financial Services announced today that one of the largest European financial services groups, Société Générale Private Banking, has selected its Risk Management and Regulatory Reporting solution to help facilitate compliance with the Capital Requirements Directive IV in Belgium. The solution platform will provide the bank with capital, counterparty credit and liquidity risk analyses, as well as automated reporting of the COREP XBRL returns, in line with CRDIV expectations, the European implementation of the global directive, Basel III.

Société Générale Private Banking has also previously implemented Wolters Kluwer Financial Services’ Risk Management and Regulatory Reporting solution to address its Basel II requirements in Belgium. The French institution, which has also implemented the Regulatory Reporting solution for Singapore and Hong Kong regulatory returns, decided to continue its partnership with Wolters Kluwer Financial Services in Belgium to help meet the new Basel III requirements.

“Ensuring our IT infrastructure is as robust and efficient as possible is essential to meeting new regulatory requirements such as CRDIV, but also helps us to strengthen our business whilst optimizing performance,” said Bart Folens, Head of Finance at Société Générale Private Banking. “Wolters Kluwer Financial Services has proved to be a trusted provider of integrated risk management and regulatory reporting solutions to our business. It is this trust, along with their expertise and track record of delivery, that we opted for its solution and services once again.”

“The new requirements directed at financial institutions by Basel III place significant burden on manual IT systems and infrastructure; but automated technology is only part of the solution,” says Clive Pedder, managing director EMEA at Wolters Kluwer Financial Services. “In-depth knowledge of these requirements, at both the global and local level, combined with on-hand consulting services, helps ensure that institutions optimizing our Basel III risk and regulatory reporting solution are provided with the necessary means to help them work towards full compliance.”

(Source - Wolters Kluwer Financial Services Press Release)
 

 

The CCR World App

 

Read CCR World as an App on your iPad or iPhone.
Simply click on this link (opens iTunes as an external link) to see the CCR World iTunes Preview and download to receive a free two-week trial or go to iTunes or the App Store and search for "CCR World".

CCR Magazine


Want to know more about the UK credit scene? Then take a look at our sister magazine, CCR, the leading UK publication for senior credit industry executives.

Find out more

CCR World newswire

Sign up to our E-Newsletter and E-Alerts.

subscribe

Read The Magazine - FREE ONLINE!

CCR World is the premier magazine for consumer and commercial credit professionals. It provides an independent voice to the global industry, breaking news stories and running in-depth features.

It is FREE to read online, so click here to read the current edition online.

(If you have not registered already, you will just need to do so to read all the news and analysis).

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197