FRSGlobal Unveils ReportBuilder TNG

FRSGlobalis introducing ReportBuilder TNG, a new Web-based version of its risk and regulatory compliance product for non-technical business users to build consolidated risk and regulatory reporting applications.

FSRGlobal contends the ability to create internal (management) and external (regulatory) reports from a single data source is a requirement moving higher up the regulatory agenda, as demonstrated by Basel II.

The company maintains it’s the only global provider of risk and regulatory compliance solutions on a unified platform with coverage for 40 countries.

In the eyes of regulators traditional spreadsheet reporting is no longer deemed to be powerful enough to demonstrate if a firm has a tight control of the quality, security and auditability of its data, according to the company in its release. Reporting applications defined in ReportBuilder TNG are produced under the full control of FRSGlobal’s ReportGenerator, an engine for automating the production of regulatory reports.

Designed of non-technical users, ReportBuilderTNG can be used to create custom reporting applications to run: principle-based reports for regulators; prescriptive reports for countries over and above the 40 that FRSGlobal already covers; nonbanking regulatory reports, such as for tax authorities; head office reports which contain 80 percent of the information submitted to regulators, plus 20 percent internal information.

In a statement, Kieran Leahy, FSRGlobal’s SVP product management commented: "Preventative measures to ensure that a financial crisis of this magnitude does not occur again all have one common denominator - all levels of the business need to have a deeper insight into the organization's inner workings. This new version of ReportBuilder makes it even easier for financial institutions to gain full visibility into their business by allowing the creation of a vast range of reports drawn from a single version of the truth."

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