BBVA Taps Wolters Kluwer for Liquidity Risk and Regulatory Reporting

The UK subsidiary of Spanish Bank BBVA has adopted Wolters Kluwer's OneSumX offering to meet its liquidity risk and reporting requirements.

bbva-head-office
BBVA will use OneSumX, along with a number of other services, to manage its business needs and regulatory obligations. 

Banco Bilbao Vizcaya Argentaria UK implemented the service to boost its efficiency and growth, while ensuring its Mifid II commitments are being managed optimally.

According to Wolters Kluwer, the two solutions, provided under the unified service, OneSumX, along with a number of other services, will enable BBVA to manage its business needs and obligations. 

OneSumX Regulatory Reporting uses a single data source to ensure consistency, reconciliation, and accuracy, and includes the firm’s Regulatory Update Service. This is maintained by the vendor’s in-house experts who actively monitor regulation across approximately fifty countries.

The OneSumX Liquidity Risk Management offering combines a risk management/stress-testing engine and regulatory reporting platform, allowing firms to monitor, manage and report on their liquidity risk exposure/challenges. 

Other banks that have recently signed up to use OneSumX include Mizuho, BGFI, Taiwan Business Bank, and Bank BGŻ BNP Paribas. 


 

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