NEW YORK, June 23, 2021 /PRNewswire/ -- To help
streamline and consolidate all of its regulatory trade reporting
commitments Bayerische Landesbank (BayernLB) has selected
Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech
leader, to handle its regulatory trade and transaction reporting.
BayernLB will utilize Broadridge's multi-asset class,
multi-jurisdictional regulatory trade and transaction reporting
solution to provide a single strategic solution to regulatory trade
reporting commitments – including for SFTR, EMIR, MiFIR and
MMSR.
In leveraging Broadridge's solution, BayernLB will also benefit
from a consolidated, integrated data model that can be extended and
adapted with ease to accommodate additional new reporting
jurisdictions and changes to existing regimes. Additionally, it
will reduce operational costs, risk and complexity, and enable the
Landesbank, which is owned by the Free State of Bavaria and the
regional Savings Banks, to concentrate efforts on core
activities.
"Our customer relationships and commitment to service quality
are 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
delivers significant operational efficiency gains and positions us
well for future change, but also enables us to dedicate an even
higher proportion of our resources to developing customer service
relationships and focus more of our attention on what makes us
truly unique."
"We are excited to help BayernLB with all of the industry's new
and ever-evolving reporting requirements and to see this solution
live in the German market," said Hugh
Daly, Head of Capital Markets Data & Regulatory
Solutions at Broadridge. "We are extremely proud that Broadridge
continues to be the provider of choice for globally recognised
financial institutions looking to streamline and de-risk their
regulatory reporting process."
About Bayerische Landesbank
As a streamlined specialised bank, BayernLB is a major
investment financier for the Bavarian and German economy. We are
committed to progress. Our customers – companies, financial
institutions, investors, savings banks and the public sector – are
at the centre of our sustainable approach. As a stable and
financially strong bank with international activities, we work
efficiently and think long-term. We have long-standing experience
and in-depth knowledge of the sectors in which our customers
operate. We understand their business challenges for the future,
offer solutions that match their needs and are partners on an equal
footing – always cultivating reliable and trusting working
relationships.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with over $4.5 billion in
revenues, provides the critical infrastructure that powers
investing, corporate governance, and communications to enable
better financial lives. We deliver technology-driven solutions to
banks, broker-dealers, asset and wealth managers and public
companies. Broadridge's infrastructure serves as a global
communications hub enabling corporate governance by linking
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 operations platforms underpin
the daily trading of on average more than U.S. $10 trillion of equities, fixed income and other
securities globally. A certified Great Place to Work®, Broadridge
is a part of the S&P 500® Index, employing over 12,000
associates in 21 countries.
For more information about us and what we can do for you, please
visit www.broadridge.com.
CONTACT: Gregg Rosenberg,
gregg.rosenberg@broadridge.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/bayernlb-selects-broadridge-for-regulatory-trade-and-transaction-reporting-301317776.html
SOURCE Broadridge Financial Solutions, Inc.