FIMAT International Banque S.A. enhances regulatory reporting systems with STB Systems

STB Systems, a world leader in regulatory & compliance software, has today signed an agreement to implement its regulatory reporting solution, STB-Reporter, at FIMAT International Banque S.A.

(PRWEB) November 23, 2003 --STB Systems, a world leader in regulatory & compliance software, has today signed an agreement to implement its regulatory reporting solution, STB-Reporter, at FIMAT International Banque S.A.

FIMAT International Banque S.A.(FIMAT), a part of the FIMAT Group headquartered in France and itself a part of Societie Generale Group, selects STB-Reporter to automate regulatory reporting. STB Systems a leading Compliance software specialist is providing enhanced automated reporting to the FSA/BoE.

FIMAT will complete the implementation of STB-Reporter to provide automated reporting to the Financial Services Authority within the next few months.

STB-Reporter, the regulatory reporting system which utilises data held within STB-SuperConsolidator, will automate regulatory reports including balance sheet and profit and loss reports to the Financial Services Authority/Bank of England.

Commenting on the agreement, Michael Thomas, Group CEO, STB Systems, said, "We are delighted that FIMAT has selected STB-Reporter. The flexibility of STB's solution makes it the system of choice for more and more institutions across the entire financial sector. We look forward to a long & mutually beneficial relationship with FIMAT".

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Notes to Editors:

FIMAT International Banque S.A.

FIMAT International Banque S.A. is regulated by the UK Financial Services Authority and is authorised throughout the EU under the Passport scheme.

The Fimat Group is a global organization consisting of Fimat International Banque, S.A. in Paris and all its numerous offices around the world. Fimat is one of the world's largest global brokerage organizations and is a wholly owned subsidiary of Société Générale Group. It offers to a vast majority of financial institutions and to large industry players the global range of clearing and execution services on listed or OTC derivatives and cash products such as fixed income, tangible commodities, forex and equities.

Main business line: Clearing, brokerage of financial products, commodities (metals, softs, energy), European Equity products. Other activities: Forex, EFP Bonds, OTC brokerage, Repos, Prime brokerage.

Membership and type of membership: Euronext Amsterdam (Stock Exchange): Non Clearing member; Euronext (AEX): General Clearing Member; Euronext Paris (MATIF/MONEP, Parisbourse); IDEM: General Clearing Member; IPE: General Clearing Member; LIFFE: General Clearing Member; LME: Associated Broker Member; LSE: General Clearing Member; OM London Exchange: General Clearing Member.

FIMAT International Banque S.A.
SG House
41 Tower Hill
London
EC3N 4SG
Tel: +44 20 7 676 8000
Fax: +44 20 7 6768888
Web: www.fimat.com
E-Mail: info@fimat.com

STB Systems

STB is one of the world's leading vendors of automated compliance reporting solutions for the financial markets. Founded in 1984, STB is the market leader with offices in London, New York, Hong Kong & Singapore.

STB's solutions are designed to automate the presentation of critical controls that protect financial institutions, handling both internal & external reporting to satisfy relevant regulatory bodies and assist in compliance with anti money laundering procedures. The company is one of just five recognised by the Bank of England for electronic reporting output and works closely with many other respected industry bodies.

STB's solutions control & consolidate multiple data sources. The use of rules-based technology ensures a stable product, & allows for development of new solutions quickly & efficiently to meet the constantly changing demands of regulatory, management, risk & other compliance reporting. STB's core competence puts them at the forefront of regulatory & compliance technologies, offering best of breed solutions for their customers. www.stbsystems.com
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Press contacts:

Anthony Hauton
STB Systems Limited
+44 20 7403 2188
tony.hauton@stbsystems.com