A-Team Insight Blogs

MUFG Europe Selects Wolters Kluwer for Regulatory Reporting

MUFG Europe, the European subsidiary of Japan’s Mitsubishi UFJ Group, has selected Wolters Kluwer’s OneSumX software to manage a number of regulatory and risk reporting obligations, including AnaCredit and Interest Rate Risk in The Banking Book (IRRBB), for its Dutch and German business lines.

The bank is an existing user of OneSumX, which uses a single source of data to ensure consistency, reconciliation and accuracy across regulatory reporting and includes Wolters Kluwer’s Regulatory Update Service that provides active monitoring for regulatory change in around 30 countries.

MUFG will also use Wolters Kluwer’s OneSumX AnaCredit solution, an integrated and scalable solution that uses grid and in-memory computing to handle the large data volumes required for AnaCredit, a European Central Bank project to set up a dataset containing detailed information on individual bank loans in the euro area.

Sander van der Laan, executive director and head of MUFG Europe’s risk management division, says: “New requirements under AnaCredit and IRRBB are changing the frequency on which we report. As an existing customer of Wolters Kluwer, it was a natural choice to extend our use of OneSumX.”

Leave a comment

Your email address will not be published. Required fields are marked *

*

Share article

Related content

WEBINAR

Recorded Webinar: Making the most of data management utilities

Don’t miss this opportunity to view the recording of this recently held webinar. The potential benefits of using a data management utility include improved data accuracy, quality, consistency and timeliness – as well as the possibility to reduce costs. Considering these benefits, which play well into regulatory compliance, how can they be maximised and how...

BLOG

Intelligent Trading Summit Discusses the Potential of High Performance Technologies and the Drag of Regulation

A-Team Group’s Intelligent Trading Summit got off to a great start last week with A-Team chief content officer Andrew Delaney enjoying a fireside chat with BNP Paribas head of electronic execution strategy Kee-Meng Tan. Delaney and Tan discussed the need for speed in electronic trading, the adoption of new technologies and opportunities to look beyond...

EVENT

Data Management Summit London

Now in its 8th year, the Data Management Summit (DMS) in London explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Regulatory Data Index

Taking the Quarterly Temperature of Regulatory Data Management Activity The A-Team Regulatory Data Index provides a quarterly snapshot of market sentiment with respect to current and planned activity around reference data.  Each quarter, we survey the readership of Data Management Review (formerly known as Reference Data Review) to understand how financial institutions are prioritising their...