FRSGlobal

05/10/2009

ANZ Bank makes FRSGlobal the corporate standard for regulatory reporting

Download in PDF Format »

London, Singapore - 5 October, 2009: FRSGlobal, the only global provider of risk and regulatory reporting solutions with coverage for over 40 countries on a unified platform, today announced 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

Steve Thurley commented: "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."

ANZ will be able to address global regulatory requirements with its implementation of FRSGlobal's RegPro which consists of:

• A single repository of validated data originating from a plethora of source systems - DataFoundation. One central solution, capable of extracting data from multiple systems into one physical location faces the four data challenges: availability, movement, consolidation and quality
• Easy-to-use software that automates the generation of risk and regulatory reports - ReportGenerator
• Fully defined regulatory reports for 40+ countries - ReportGlobal - with a Guarantee to keep them in line with Regulators' requirements which, in the current climate, will ease the regulatory burden on financial institutions
• The ability to define new country or internal management-style reports - ReportBuilder
• A library of submitted regulatory reports and the ability for audit, with full drill-down/up functionality for quick investigation into how the figures were derived.

About ANZ

Our history dates back over 170 years. We are committed to building lasting partnerships with our customers, shareholders and communities throughout Australia, New Zealand and 26 key markets in the Asia Pacific region.

We serve more than six million customers, providing a range of banking and financial products and services to retail, small business, corporate and institutional customers. We employ over 35,000 people worldwide.

About FRSGlobal

FRSGlobal is the only provider of risk management and regulatory compliance reporting solutions on a unified platform with a single data model.

FRSGlobal solutions are a combination of modules from RegPro and RiskPro, sharing a single DataFoundation and CalculationEngine:

• RiskPro provides profitability analysis across the following risk types: Asset Liability Management (ALM), Liquidity, Market, Credit, Basel II, IFRS/IAS32 and 39, Solvency II, Funds Transfer Pricing and Economic Capital.



• RegPro enables financial institutions to address major regulatory and compliance requirements locally and globally - with reports for more than 30 countries.



• Subscribing clients benefit from the FRSGlobal Guarantee, which ensures the regulatory reports are maintained in line with the Regulators' requirements.



• FRSGlobal Centre of Risk & Regulatory Excellence monitors risk and regulatory activities in 100+ countries.