Covering the plethora of European banks' financials across so many systems has become so much easier thanks to SNL's new European product.
London (Vocus/PRWEB) February 14, 2011
SNL Financial, North America’s leading provider of sector-focused financial data, news and analytics for 24 years, today unveiled its European banking product. This industry game-changer is an extension of SNL’s unparalleled business intelligence platform, which provides the most comprehensive coverage of the banking, insurance and financial services industries throughout North America and now Europe through web- and Excel- based platforms. More than 2½ years in development and with 43 European and North American partners including leading investment banks, asset managers, regulatory agencies and independent research and consulting firms, SNL’s European product offers immediate access to accurate data and powerful analytical tools without costly manual data entry.
“Covering the plethora of European banks' financials across so many systems has become so much easier thanks to SNL's new European product,” remarked Sam Theodore, Banking Services Manager at the Financial Services Authority. “At long last,
[we have] what we were waiting for. I especially appreciate the promptness, consistency, accuracy and comparability.”
SNL offers unparalleled depth on the banking sector, including a 500-item standardised IFRS financial template capturing full balance sheets by nature and classification; detailed income statement presentation; asset quality metrics; components of regulatory capital; and more. SNL gathers data from multiple sources, standardises it for easy, at-a-glance peer comparison, scrubs it for accuracy and publishes it faster than any other provider.
SNL’s unwavering commitment to precision is demonstrated by the company’s exclusive $50 accuracy guarantee, and in most cases, the information links back to the original source documentation for easy data verification. In addition, SNL’s product provides comprehensive daily industry news, M&A transactions and capital offerings, as well as access to SNL’s database of more than 220,000 branches with push-button mapping of individual institutions and their respective offices. This new resource makes following M&A transactions, mapping deal scenarios and analysing synergies as simple as the push of a button.
"During our years of research and development of the product, we were fortunate to be assisted by hundreds of banking experts throughout Europe who helped us understand in detail the different accounting and reporting intricacies by country," commented James Record, Managing Director of Product Research & Development at SNL. "With their assistance, we've built a product that permits apples-to-apples comparisons of companies across Europe with the unparalleled depth and guaranteed accuracy for which we're so well-known in the U.S."
Ivan Zubo, Banks Credit Analyst at BNP Paribas CIB in London, further noted: “I used SNL’s product years ago when I was working for RBC Capital Markets in the U.S. and quickly came to regard their tools and industry information as the industry standard. Having looked for a similar product for European banks and not finding anything remotely close to it, I was keen to partner with them and be a beta tester for SNL’s European banking product. I've been quite pleased with the initial beta releases of the product and look forward to the product becoming recognised as the industry standard in Europe just as it is throughout North America.”
For businesses and organisations interested in additional information or to receive a free trial of SNL’s European banking product, please email sales(at)snl(dot)com, or phone +44 (0)20 7398 0873 (Europe) or +1 (866)296-3743 (North America).
For more details on SNL’s European coverage please visit: http://www.snl.com/EuropeanBanks
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