ODL selects Financial Studio for UK Regulatory FSA IRR and Basel II
ODL Securities has selected Financial Studio for Compliance and Capital Management to automate regulatory reporting under FSA IRR, including the calculation of risk and capital adequacy introduced as part of the Basel II accord
Having evaluated current offerings in the market, ODL Securities has selected Financial Studio for Compliance and Capital Management to automate regulatory reporting under FSA IRR, including the calculation of risk and capital adequacy introduced as part of the Basel II accord. Financial Studio will be implemented to serve as a core data foundation and calculation engine for the creation, calculation and publication of regulatory reports, including report generation and disclosure to the FSA.
ODL Securities is a rapidly growing and sophisticated business. “It is essential for ODL Securities that our suppliers understand our business and can leverage that understanding and experience in adding value to the delivery of IT solutions for us,” says Tom Higgins, CTO for ODL Securities. Higgins continues, “Financial Architects clearly have the right solution for us, their track record and demonstration of competence from day 1 gave us the level of confidence we needed that the eventual project will be successful.”
“We are delighted that ODL Securities has demonstrated such confidence in our solutions,” says Nigel Lee, Chief Commercial Officer for Financial Architects. “ODL Securities is a complex business, demonstrating once again our ability to work successfully with many different types of financial institution. I am constantly reassured that more and more institutions see the value in the FRP concept and embrace our holistic approach to risk and financial management. Our rapid acceleration in the UK gives me further confidence that not only do we have the right solution, but also an unparalleled ability to successfully deliver internationally,” Lee adds.