Mark Bagnall, Head of IT, EFG International, said: "We have a high volume of business across a wide range of financial products in numerous countries, which requires detailed, accurate and regular reporting to the local regulators. To do this we have to use data from a wide range of disparate systems which can be inflexible to upgrade when faced with frequent regulatory changes. With FRSGlobal's solution we can feed these different sources into a central repository that harnesses financial intelligence across our global enterprise, while maintaining the country-specific requirements of the local regulators."

With RegPro, EFG International can generate the regulatory reports that will keep them in line with each of the six countries' different reporting requirements including:

• France - BAFI, BAFI-EI, CENTRA, CRP, BP, OPCVM, QLB, COREP and the most recent upcoming regulation, SURFI.
• Spain - Banco de España (including departments SEPBLAC and CIRBE), Comisión Nacional del Mercado de Valores, Hacienda and Dirección General de Comercio e Inversiones.
• Luxembourg - Banque Centrale du Luxembourg and Commission de Surveillance du Secteur Financier.
• Monaco - Banque de France et la Commission Bancaire
• Hong Kong - Hong Kong Monetary Authority, Hong Kong Deposit Protection Board, Securities and Futures Commission.
• Singapore - Monetary Authority of Singapore.

Marc Gillis, Sales Director EMEA South, FRSGlobal, commented: "Our domain experience and multi-country coverage is why key financial institutions such as EFG International are selecting our unified platform for regulatory reporting compliance around the world. We are delighted to welcome this prominent institution to our raft of clients."

EFG international will be able to address all six countries' regulatory requirements with its implementation of FRSGlobal's RegPro which consists of:

• A single repository of validated data originating from a plethora of source systems - DataFoundation. One central solution, capable of extracting data from multiple systems into one physical location faces the four data challenges: availability, movement, consolidation and quality;
• Easy-to-use software that automates the generation of risk and regulatory reports - ReportGenerator;
• Fully defined automated regulatory reports for 40+ countries - ReportGlobal - with the FRSGlobal Guarantee to keep them in line with regulators' requirements which, in the current climate, significantly eases the regulatory burden on financial institutions;
• The ability to define internal management-style or reports for new business areas - ReportBuilder;
• A library of submitted regulatory reports with the ability for audit through full drill-down/up functionality for rapid investigation into how the figures were derived.