Investors Bank, a New Jersey institution with 151 branches and around $25 billion in assets, has chosen Wolters Kluwer’s OneSumX solution for regulatory reporting. OneSumX for Regulatory Reporting is set up to use a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service, which actively monitors regulation across 30 jurisdictions. “We wanted to take a more strategic approach when it came to our regulatory reporting obligations and says searching for an integrated platform, allowing for regulatory reporting automation,” commented Sean Burke, Executive Vice President and Chief Financial Officer at Investors Bank.
A-Team Insight Blogs
Don’t miss this opportunity to view the recording of this recently held webinar. Fundamental Review of the Trading Book (FRTB) is two years away. Significant data management changes and challenges presented by the regulation call for an early start on implementation. The webinar will discuss the challenges of FRTB and provide practical guidance on how...
The Securities and Exchange Commission (SEC) has approved the national market systems (NMS) plan that will create a consolidated audit trail (CAT) designed to help regulators improve tracking of trading activity in the US equity and options markets. Within two months of this week’s approval, self-regulatory organisations (SROs) must select an organisation, or plan processor...
The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.
The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...