Berenberg selects Kaizen for regulatory reporting 17 April 2024UK, Germany Reporter: Carmella Haswell
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Berenberg, a privately owned German bank, has chosen Kaizen as its regulatory assurance provider.
The agreement between the two entities allows the bank to use Kaizen’s ReportShield Accuracy Testing, which will help Berenberg to meet regulatory requirements for EU and UK MiFIR transaction reporting.
ReportShield Accuracy Testing is an automated, managed solution which tests the quality of trade and transaction data that is reported to the regulator.
Commenting on the news, Jean-Marie Mamodesen, managing director and head of European sales at Kaizen, says: “It’s a challenging time for firms as they grapple with significant regulatory change including EMIR Refit and the EU’s MiFIR Review.
“The solutions we offer at Kaizen help ensure that firms have the best control framework in place and are better served to deliver the high standards that the regulators have come to expect.”
Stephan Henning, head of TS Clearing & Reporting at Berenberg, adds: “In this way, we can further automate and improve processes in the area of reporting and create significant added value for our customers.”
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