BNG Implements BearingPoint for Regulatory Tracking and Reporting
The Dutch sell-side institution looks to combine regulatory updates with trade and transaction reporting assistance.
Bank Nederlandse Gemeenten (BNG) has turned to regtech firm BearingPoint, selecting the vendor’s flagship product Abacus to help keep a record of the regulatory changes under way in Europe. These primarily stem from four pieces of legislation: The revised Markets in Financial Instruments Directive and its accompanying regulation (Mifid II/Mifir), Money Markets Statistical Reporting and the Securities Financing Transactions Regulation.
Abacus is BearingPoint’s solution for all these reporting
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