20 August 2017
Find out more

BBVA Compass selects FRSGlobal risk and regulatory platform

29 July 2009  |  1522 views  |  0 Source: FRSGlobal

FRSGlobal, the only global provider of risk and regulatory compliance solutions on a unified platform with coverage for over 30 countries, today announced that BBVA Compass, a leading U.S. banking franchise with 578 branches, and FRS Global have entered into an agreement under which FRSGlobal's consolidated risk and regulatory platform will assist BBVA Compass in compiling its regulatory reports that are filed with the bank's U.S. banking regulators.

The FRSGlobal solution enables BBVA Compass to automate 48 weekly, monthly, quarterly, biannual, and annual reports required by the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), Federal Financial Institutions Examination Council (FFIEC), Department of Commerce, and Department of Treasury.

Chris Butler, Senior Vice President of Financial Reporting, BBVA Compass, stated: "FRSGlobal's risk and regulatory platform will help us streamline our processes designed to meet our regulatory reporting requirements. In addition to increasing our efficiency, with the FRSGlobal suite of services we'll be able to more quickly adjust to changes in reporting requirements."

Richard Ferrari, Vice President - Americas, FRSGlobal, commented: "BBVA Compass has taken a truly corporate view on the importance of Regulatory Reporting within their environment. With 100% backing from the Risk, Legal, Finance and IT departments the bank clearly understands the criticality of efficient risk and regulatory reporting in today's environment. We are pleased to welcome BBVA Compass to the FRSGlobal community of banks relying on us to ensure regulatory compliance."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9137 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7896 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7345 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
6570 views 0 | 1 tweets | 1 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6511 views 1 | 5 tweets | 3 linkedin

Featured job

Find your next job