BayernLB chooses Broadridge for regulatory reporting of transactions and transactions
NEW YORK, June 23, 2021 / PRNewswire / – To help streamline and consolidate all of its regulatory commitments for business reporting, Bayerische Landesbank (BayernLB) has selected Broadridge Financial Solutions, Inc. (NYSE: BR), a global leader in FinTech, to manage its regulatory reports on trade and transactions. BayernLB will use Broadridge’s multi-asset class, multi-jurisdictional transaction and regulatory transaction reporting solution to provide a single, strategic solution to regulatory transaction reporting commitments, including for SFTR, EMIR, MiFIR and MMSR.
By leveraging the Broadridge solution, BayernLB will also benefit from a consolidated and integrated data model that can be easily extended and adapted to accommodate new reporting jurisdictions and changes to existing regimes. In addition, it will reduce operational costs, risks and complexity, and allow the Landesbank, which is owned by the Bavarian Free State and regional savings banks, to concentrate its efforts on its core activities.
“Our customer relationships and our commitment to quality of service is what makes BayernLB special,” said Peter Graml, Head Operating Office, Treasury Products Service at BayernLB. “We are very pleased that our decision to adopt Broadridge’s trusted reporting solution not only offers significant operational efficiencies and positions us well for future changes, but also allows us to dedicate an even higher proportion of our resources to developing customer service relationships and to focus more of our attention on what makes us truly unique. ”
“We are delighted to help BayernLB meet all of the new and evolving industry reporting requirements and to see this solution live on in the German market,” said Hugues Daly, Head of Capital Markets Data and Regulatory Solutions at Broadridge. “We are extremely proud that Broadridge continues to be the supplier of choice for globally recognized financial institutions seeking to streamline and reduce risk in their regulatory reporting process. ”
About Bayerische Landesbank
As a streamlined specialist bank, BayernLB is a major investment financier for the Bavarian and German economy. We are committed to progress. Our clients – businesses, financial institutions, investors, savings banks and the public sector – are at the center of our sustainable approach. As a stable and financially sound bank with international activities, we work efficiently and think long term. We have a long experience and in-depth knowledge of the sectors in which our clients operate. We understand their business challenges for the future, offer solutions that match their needs and are equal partners – always cultivating reliable and trusting working relationships.
Broadridge Financial Solutions (NYSE: BR), a global leader in FinTech with more than $ 4.5 billion in revenue, provides the essential infrastructure that powers investment, corporate governance and communications to enable better financial lives. We provide technology solutions to banks, brokers, asset and wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub for corporate governance by connecting thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. In addition, Broadridge’s technology and operational platforms underpin daily trading on average more than the United States. 10,000 billion dollars global equities, fixed income and other securities. Great Place to Work® certified, Broadridge is included in the S&P 500® index and employs more than 12,000 people in 21 countries.
For more information about us and what we can do for you, please visit www.broadridge.com.
CONTACT: Gregg Rosenberg, [email protected]
SOURCE Broadridge Financial Solutions, Inc.