Milleis Banque picks Wolters Kluwer for regulatory compliance

Monday 14 January 2019 13:14 CET | News

Milleis Banque has selected Wolters Kluwer to provide 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 an integrated framework.

What is more, the bank will use OneSumX Asset and Liability Management (ALM), a centralised data repository combining contract data, balance sheet structures, counterparty and market data. It will also use OneSumX Market Risk to create a dynamic simulation of credit and market risk.

The use of OneSumX Credit Risk aims to 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.

It will also implement OneSumX for Regulatory Reporting, maintained by Wolters Kluwer experts who actively monitor regulation in approximately 30 countries.

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Keywords: Milleis Banque, Wolters Kluwer, regulatory compliance, banking, regulation
Countries: World