News

Aegean Baltic Bank of Greece teams up with Wolters Kluwer

Monday 18 May 2020 12:01 CET | News

Aegean Baltic Bank of Greece (ABB) has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting and OneSumX for Risk Management.

The decision was made so the bank would meet its Basel IV and CRD V obligations. OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service.

The bank will also implement OneSumX for Asset & Liability Management (ALM). The ALM component of OneSumX for Risk Management is based on Wolters Kluwer’s integrated platform, enabling balance sheet modeling, stress testing and dynamic planning. Wolters Kluwer’s OneSumX Liquidity Risk Management solution, meanwhile, combines a risk management/stress engine and regulatory reporting platform which will enable ABB to monitor, manage and report liquidity risk.

ABB, operating under the regulatory supervision of the Central Bank of Greece, provides corporate and investment banking products and services to shipping companies in Greece. The company is primarily involved in contracting and the administration of syndicated loans granted to shipping corporations.

Wolters Kluwer FRR, which is part of the company’s Governance, Risk & Compliance division, provides integrated regulatory compliance and reporting solutions. It supports regulated financial institutions in meeting their obligations to external regulators and their own board of directors.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Aegean Baltic Bank, Wolters Kluwer, ABB, OneSumX, Regulatory Reporting, risk management, banks, Basel IV, CRD V, data, Asset & Liability Management, ALM, Central Bank of Greece, Greece, banking, loans
Categories: Banking & Fintech | Online & Mobile Banking
Countries: Greece
This article is part of category

Banking & Fintech