Berenberg selects Kaizen for regulatory reporting
17 April 2024 UK, Germany
Image: David/stock.adobe.com
Berenberg, a privately owned German bank, has chosen Kaizen as its regulatory assurance provider.
The agreement between the two entities allows the bank to use Kaizen鈥檚 ReportShield Accuracy Testing, which will help Berenberg to meet regulatory requirements for EU and UK MiFIR transaction reporting.
ReportShield Accuracy Testing is an automated, managed solution which tests the quality of trade and transaction data that is reported to the regulator.
Commenting on the news, Jean-Marie Mamodesen, managing director and head of European sales at Kaizen, says: 鈥淚t鈥檚 a challenging time for firms as they grapple with significant regulatory change including EMIR Refit and the EU鈥檚 MiFIR Review.
鈥淭he solutions we offer at Kaizen help ensure that firms have the best control framework in place and are better served to deliver the high standards that the regulators have come to expect.鈥�
Stephan Henning, head of TS Clearing & Reporting at Berenberg, adds: 鈥淚n this way, we can further automate and improve processes in the area of reporting and create significant added value for our customers.鈥�
The agreement between the two entities allows the bank to use Kaizen鈥檚 ReportShield Accuracy Testing, which will help Berenberg to meet regulatory requirements for EU and UK MiFIR transaction reporting.
ReportShield Accuracy Testing is an automated, managed solution which tests the quality of trade and transaction data that is reported to the regulator.
Commenting on the news, Jean-Marie Mamodesen, managing director and head of European sales at Kaizen, says: 鈥淚t鈥檚 a challenging time for firms as they grapple with significant regulatory change including EMIR Refit and the EU鈥檚 MiFIR Review.
鈥淭he solutions we offer at Kaizen help ensure that firms have the best control framework in place and are better served to deliver the high standards that the regulators have come to expect.鈥�
Stephan Henning, head of TS Clearing & Reporting at Berenberg, adds: 鈥淚n this way, we can further automate and improve processes in the area of reporting and create significant added value for our customers.鈥�
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
