LGT Adopts BearingPoint’s Reporting Service
The bank aims to comply with the reporting regulations issued by the European Central Bank (ECB).
BearingPoint's Abacus/DaVinci is a risk aggregation and regulatory reporting platform covering the regulations issued by the European Banking Authority (EBA) and the ECB. Its main functions include XBRL and multi-language support.
Officials from LGT, which is expanding in Europe, Asia and the Middle East, decided to apply the solution as the deadline for compliance with FinRep approached.
"Besides the short implementation time, an important factor for our decision was that Abacus/DaVinci allows
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