(6 October 2009 – Asia) Australia and New Zealand Banking Group (ANZ) will adopt FRSGlobal’s regulatory reporting tool, RegPro in 12 countries across Asia Pacific and Japan.Initially RegPro will be utilised in ANZ Bank’s in Indonesia, China, Singapore, Taiwan, Hong Kong, Vietnam, Japan, India, Philippines, South Korea and Cambodia offices.
The bank has plans to include reporting in its primary markets of Australia and New Zealand as well as the South Pacific at a later stage.
RegPro will provide the bank with a single repository of data culled from multiple sources and full audit capabilities.
The software has the ability to create automated report generators for 40 countries.
Steve Thurley, vice president, Asia Pacific and Japan, FRSGlobal, told Finextra that using the software, ANZ do not have to implement a plethora of local solutions which are expensive, difficult and risky to maintain.
RegPro enables 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, Mr Thurley added.