The bank chooses a software solution to support its complex Russian reporting requirements

BNP Paribas Corporate and Investment Banking (CIB) decided to implement a software solution to handle its regulatory reporting in Russia.

BNP Paribas CIB said it needed a solution to combine the complex Russian reporting requirements and facilitate its global reporting process.

Under the agreement, FRSGlobal will work with BNP Paribas CIB to implement its FinancialAnalytics software in Moscow and provide updates to new and existing reports.

Jan Stahlenberg, head of the competence centre Europe at BNP Paribas CIB, commented: ‘This is a unique offering and perfectly matches our desire to support and strengthen the regulatory reporting operation from a centralised hub.’

Steve Husk, chief executive officer of FRSGlobal noted: ‘It is rewarding to show that our model, our systems and our team perfectly match the needs of the market.’