Société Générale PB Taps Wolters Kluwer for Basel III Compliance

Societe Generale building
SocGen PB continues its partnership with Wolters Kluwer in Belgium to help meet Basel III requirements.

Société Générale Private Banking has selected the risk management and regulatory reporting solutions from Wolters Kluwer Financial Services to comply with Basel III requirements in Belgium.

Wolters Kluwer's regulatory platform enables risk management and regulatory metrics through an integrated data layer, and provides the bank with capital, counterparty credit and liquidity risk analyses, as well as automated reporting of the COREP XBRL returns, in line with CRD IV, the European implementation of Basel III.

"Ensuring our IT infrastructure is as robust and efficient as possible is essential to meeting new regulatory requirements such as CRD IV, but also helps us to strengthen our business whilst optimizing performance," says Bart Folens, head of finance at Société Générale Private Banking. "Wolters Kluwer Financial Services has proved to be a trusted provider of integrated risk management and regulatory reporting solutions to our business. It is this trust, along with their expertise and track record of delivery, that we opted for its solution and services once again."

Société Générale PB had already implemented the regulatory reporting from Wolters Kluwer for Singapore and Hong Kong regulatory returns, as well as to address its Basel II requirements in Belgium.

 

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