Mizuho Corporate Bank Nederland (MCBN) has selected Wolters Kluwer Financial Services’ regulatory reporting solution in order to comply with the prudential reporting requirements in the Netherlands and in Belgium. Utilising the solution, MCBN, a wholly-owned Dutch subsidiary within the Mizuho Financial Group (MHFG), will be able to calculate and submit the CoRep reports in compliance with the requirements outlined by the Basel Committee for Banking Supervision.

“With the need for banks to provide ever more data whilst monitoring the data integrity, we investigated the market to find an automated solution to cope with these increasing regulatory requirements,” says David Morival, risk control officer at MCBN. “Wolters Kluwer Financial Services came out on top due to its highly customisable modules and scalable database. The regulatory reporting solution is fit for the size of our organisation and thereby ensures us of the best return on our investment. Bottom line, we believe Wolters Kluwer Financial Services’ modular approach is the right answer to MCBN's business needs.”

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