The bank chose WIREPLUS due to the challenges presented by the introduction of COREP and FINREP.
Already, since the introduction of liquidity reporting in 2010, the bank has used Whistlebrook’s ALFI data warehouse and has worked with Whistlebrook since that date to enhance and extend ALFI.
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Currently, Whistlebrook provides a single source for the majority of the bank’s regulatory reporting across its banking and investment management business areas.
WIRESPLUS provides a solution in line with the bank’s strategic technology goals that includes continued use of the ALFI data warehouse as a single source, use of Microsoft technology, built in workflow to support and streamline business processes and the use of GABRIEL Direct Communication.
Though WIRESPLUS was originally launched in response to the COREP requirements, its scope has now been widened to include existing FSA and BoE reporting.
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