BayernLB Picks Broadridge for Regulatory Trade and Transaction Reporting

The German-based bank, Bayerische Landesbank (BayernLB) announced today that it has selected the US-based firm Broadridge Financial Solutions for its regulatory trade and transaction reporting.

According to the press release published by Broadridge, the German bank will use Broadridge's Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term class, multi-jurisdictional regulatory trade and transaction reporting solution for a single strategic solution. The new solution will cover several regulatory trade reporting commitments including SFTR, EMIR, MiFIR and MMSR.

Broadridge mentioned that the solution will enable BayernLB to take advantage of an integrated data model that is flexible enough to accommodate additional reporting jurisdictions. BayernLB will be able to reduce operational costs and risks through Broadridge’s solution.

Commenting on the latest announcement, Hugh Daly, Head of Capital Markets Data & Regulatory Solutions at Broadridge, said: “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. We are extremely proud that Broadridge continues to be the provider of choice for globally recognized financial institutions looking to streamline and de-risk their regulatory reporting process."

Earlier this month, Broadridge Financial Solutions announced the launch of its latest version of the Private Market Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term platform. In May 2021, the US-based company completed the acquisition of Itiviti.

Bayerische Landesbank

BayernLB is a streamlined specialized bank that is based in Munich. For the German and Bavarian economies, BayernLB has significant importance as the bank is one of the leading investment financiers for both economies.

"Our customer relationships and commitment to service quality are what makes BayernLB special. 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 on our attention on what makes us truly unique," Peter Graml, Head of Operating Office, Treasury Products Service at BayernLB, commented.