Milleis Banque Selects Wolters Kluwer to Provide Integrated Regulatory Compliance and Reporting Architecture

Milleis Banque Selects Wolters Kluwer to Provide Integrated Regulatory Compliance and Reporting Architecture
11.01.2019 12:04 pm

Milleis Banque Selects Wolters Kluwer to Provide Integrated Regulatory Compliance and Reporting Architecture

Compliance

Milleis Banque has selected Wolters Kluwer to provide its integrated regulatory compliance and reporting software. The bank will use Wolters Kluwer’s OneSumX for Risk Management as well as OneSumX for Regulatory Reporting to build a truly integrated risk and reporting framework.

AnaCap Financial Partners acquired Barclays French Retail Banking and Wealth Management business in 2017 and subsequently rebranded it in May 2018 to become Milleis Banque – a firm with more than 100,000 wealth management and retail clients. 

Specifically, the bank will use OneSumX Asset and Liability Management (ALM), a centralized data repository combining contract data, balance sheet structures, counterparty and market data. It will also use OneSumX Market Risk which offers all modern risk analytics and techniques, from basic sensitivity and gap analysis, through more advanced Value at Risk (VaR) techniques and into simultaneous dynamic simulation of credit and market risk.

The bank’s use of OneSumX Credit Risk, meanwhile, will provide single name and portfolio credit risk analysis by means of three components: current and future exposures, expected and unexpected credit loss based on stress and credit value-at-risk analysis, and credit value adjustments.

The bank will also implement OneSumX for Regulatory Reporting. The solution uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in approximately 30 countries, allowing clients to meet ever-changing regulatory requirements at all times.

Wolters Kluwer Finance, Risk & Reporting (FRR) business receives frequent independent recognition of its excellence and innovation. In mid-2018, Riskmagazine awarded the company its coveted Regulatory Reporting System of The Year Award and Central Banking magazine recently named OneSumX for Regulatory Reporting its Best Technology Solution For Regulatory Compliance. Wolters Kluwer FRR is also this year’s Category Winner for Regulatory Reporting in the annual RiskTech100® report. This comprehensive study of the world’s leading risk and compliance technology companies is compiled by Chartis Research. Notably, this is the seventh time in eight years that Wolters Kluwer FRR has achieved this honor.

Related News

AxiomSL Appoints David Weber as Chief Operating Officer and Chief Financial Officer in Response to Rapid Global Growth

AxiomSL, the leading global provider of regulatory-reporting, risk and data-management solutions, today announced the appointment of David Weber as Chief Operating Officer and... Read more »

Shield FC Launches Enhanced Version of its Financial Compliance Data Management Platform

Shield Financial Compliance (Shield FC), a... Read more »

UK WORKERS ARE RISKING GDPR PENALTIES BY FORWARDING WORK EMAILS TO PERSONAL ACCOUNTS

MANY UK Businesses are risking penalties by failing to adhere to GDPR legislation. 

A survey of 1,002 UK workers in full or part-time employment, carried out by... Read more »

Avaloq launches dedicated PSD2 solutions to help institutions capitalise on new open banking era

Global fintech leader Avaloq today announces the launch of dedicated solutions to help financial institutions become fully compliant with ꟷ and capitalise on ꟷ the Payment... Read more »

Wolters Kluwer Indicator Survey: U.S. Regulatory & Risk Concerns Remain High

Wolters Kluwer’s Compliance Solutions business has released the results of its annual ... Read more »

Wolters Kluwer and CRMNEXT Form Expere Services Partnership

Wolters Kluwer’s Compliance Solutions business has formed a strategic partnership with CRMNEXT in the U.S.

Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App