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Business Upturn
21-07-2025
- Business
- Business Upturn
Regnology to Acquire Wolters Kluwer's Finance, Risk & Regulatory Reporting Business Unit (FRR)
By Business Wire India Published on July 21, 2025, 11:41 IST Business Wire India Regnology, a leading software provider with a focus on regulatory reporting solutions, today announced it has entered into a definitive agreement to acquire Wolters Kluwer's Finance, Risk & Regulatory Reporting (FRR) unit. The proposed acquisition represents a strategic step in Regnology's ambition to deliver regulatory intelligence at scale—bringing together complementary capabilities across finance, risk, and regulatory reporting. It also expands Regnology's presence in key markets and strengthens its ability to support financial institutions with granular data, jurisdiction-specific requirements, and cross-border compliance. Rob Mackay, CEO of Regnology, said: 'FRR brings additional expertise and reach that will enhance our ability to serve clients globally. We look forward to supporting clients with a unified platform that helps them modernize their infrastructure, navigate Basel IV, and prepare for the future of regulatory reporting.' Lisa Nelson, CEO of Wolters Kluwer Financial & Corporate Compliance, said: 'We are proud of the accomplishments of our Finance, Risk, and Regulatory Reporting teams. Regnology is strategically aligned to build on FRR's strengths, and we are confident that they are joining an organization that is well-positioned to continue serving customers with excellence while opening new growth opportunities for employees.' Fredrik Näslund, Partner, Nordic Capital Advisors commented: 'This agreement reflects Regnology's continued momentum and innovation in the regulatory technology space. It positions the company to deliver even greater value to financial institutions worldwide. Nordic Capital is truly excited about Regnology's continued journey.' Clients will benefit from a unified platform that combines Regnology's cloud-first architecture with FRR's established capabilities, offering scalable solutions for both heritage and cloud-ready environments. The transaction is expected to close in the coming months, subject to regulatory approvals, applicable employee requirements and customary conditions. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash Business Wire India, established in 2002, India's premier media distribution company ensures guaranteed media coverage through its network of 30+ cities and top news agencies.
Business Wire
21-07-2025
- Business
- Business Wire
Regnology to Acquire Wolters Kluwer's Finance, Risk & Regulatory Reporting Business Unit (FRR)
FRANKFURT, Germany--(BUSINESS WIRE)--Regnology, a leading software provider with a focus on regulatory reporting solutions, today announced it has entered into a definitive agreement to acquire Wolters Kluwer's Finance, Risk & Regulatory Reporting (FRR) unit. Rob Mackay, CEO of Regnology, said: 'FRR brings additional expertise and reach that will enhance our ability to serve clients globally." The proposed acquisition represents a strategic step in Regnology's ambition to deliver regulatory intelligence at scale—bringing together complementary capabilities across finance, risk, and regulatory reporting. It also expands Regnology's presence in key markets and strengthens its ability to support financial institutions with granular data, jurisdiction-specific requirements, and cross-border compliance. Rob Mackay, CEO of Regnology, said: 'FRR brings additional expertise and reach that will enhance our ability to serve clients globally. We look forward to supporting clients with a unified platform that helps them modernize their infrastructure, navigate Basel IV, and prepare for the future of regulatory reporting.' Lisa Nelson, CEO of Wolters Kluwer Financial & Corporate Compliance, said: 'We are proud of the accomplishments of our Finance, Risk, and Regulatory Reporting teams. Regnology is strategically aligned to build on FRR's strengths, and we are confident that they are joining an organization that is well-positioned to continue serving customers with excellence while opening new growth opportunities for employees.' Fredrik Näslund, Partner, Nordic Capital Advisors commented: 'This agreement reflects Regnology's continued momentum and innovation in the regulatory technology space. It positions the company to deliver even greater value to financial institutions worldwide. Nordic Capital is truly excited about Regnology's continued journey.' Clients will benefit from a unified platform that combines Regnology's cloud-first architecture with FRR's established capabilities, offering scalable solutions for both heritage and cloud-ready environments. The transaction is expected to close in the coming months, subject to regulatory approvals, applicable employee requirements and customary conditions.
Yahoo
09-07-2025
- Business
- Yahoo
Rewiring Sovereign Capital: Europe's structured liquidity revolution
When founder Taimour Zaman of AltFunds Global launched the advisory firm, he wasn't looking to tweak existing financial systems, he was aiming to transform them. Working with sovereign institutions across Europe, the Middle East, and Asia, his mission was clear: unlock capital faster, smarter, and with less reliance on traditional debt. 'I started AltFunds Global because I saw a challenge with traditional sources of capital - banks, private equity, etc,' he says. 'They were sitting on valuable assets, land, carbon credits, infrastructure revenue but couldn't access liquidity fast enough to make meaningful change. Traditional capital models are too slow, too risk-averse, and in many cases, too rigid to adapt to the pace of today's geopolitical, climate, and technological disruptions.' From that diagnosis came a thesis: sovereign financing needs a new toolkit. And increasingly, sovereigns are listening. He adds: 'Across regions, I've noticed a common pattern: the desire for debt-light capital models. In the Middle East, sovereigns are turning to carbon-backed instruments to meet both climate and commercial goals. In Asia, especially Singapore and South Korea, there's growing experimentation with tokenised cash flows and digital sovereign bonds. And in Europe, the appetite is growing for structured liquidity tools that can bridge political timelines with infrastructure urgency.' Across the Middle East, sovereign wealth funds and government entities are leaning into carbon-backed instruments that align with climate commitments without triggering public debt ceilings. Zaman points out, 'UAE and Saudi Arabia have launched sovereign climate funds and development banks that don't wait on multilateral coordination, they move.' In Asia, countries like Singapore and South Korea are at the forefront of digital asset innovation, exploring tokenised sovereign bonds, programmable finance, and blockchain-backed infrastructure funding. 'From Asia, particularly Singapore, the lesson is on governance-led innovation. Singapore has clear digital asset rules, tokenisation pilots, and programmable finance experiments underway, all with government backing.,' he says. Europe, by contrast, is playing catch-up, still reliant on rigid financial systems shaped by centralised bureaucracy and cautious regulatory frameworks. Describing Europe's sovereign capital ecosystem as 'slow, restrictive, and politically encumbered,' the founder points to three key structural barriers: Overregulation: Basel IV constraints make banks overly conservative, even when sovereign guarantees are involved. Fragmented governance: Each EU member state has its own politics and rules, making cross-border capital projects painfully slow. Procurement complexity: Many sovereign infrastructure projects are delayed not because of funding gaps, but because of procurement bureaucracy. To bypass these constraints, AltFunds Global advocates for what it calls a "structured liquidity toolkit." At its core is the monetisation of Standby Letters of Credit (SBLCs). 'In sovereign infrastructure, this tool becomes powerful when a government-owned utility or agency say, a water authority - issues an SBLC from a top-rated bank. That SBLC can then be monetised, meaning it's converted into liquid capital for project use - without booking new public debt.' This approach is already in motion. Several Eastern European transit projects have reportedly used SBLC-backed bridge financing to meet critical timelines. 'Why now? Because rating agencies penalise overt debt issuance, and public debt ceilings are politically toxic. SBLC-backed capital is off-balance-sheet, discrete, and can often be deployed in weeks, not years.' And while critics raise concerns about transparency and risk, Zaman is quick to clarify: 'These instruments are new, yes. But many are being structured with third-party verification, independent trustees, and regulatory sandbox frameworks already in place (see the EU's DLT Pilot Regime). Transparency comes from architecture, not intention.' AltFunds is also championing the next evolution of ESG finance: carbon-linked securities. Unlike traditional green bonds, which raise funds based on intended use, these newer instruments are tied to verified emissions reductions or carbon credit performance. 'This difference matters. Investors want proof, not promises.' As ESG scepticism rises and regulatory scrutiny tightens, performance-based climate finance is gaining momentum. He says, 'Green bonds raise capital based on intended use, usually a promise to fund sustainable projects. Carbon-linked securities, on the other hand, are tied to actual verified emission reductions or measurable carbon credit performance.' With public debt reaching politically and fiscally sensitive levels across Europe and multilateral funding facing chronic delays, governments are increasingly open to alternative capital pathways. Zaman shares: 'Governments will always need traditional debt markets, but when time-sensitive projects can't wait for bond market windows or multilateral approvals, structured liquidity will fill the gap.' By 2030, the founder expects these tools to make up 10-15% of sovereign infrastructure finance, particularly in emerging markets and sectors like climate adaptation, digital infrastructure, and energy transition. To truly scale, Europe needs a coherent policy environment for structured liquidity markets. According to Zaman, it means doing three things fast: Define eligibility – Which sovereign entities can issue these instruments? Under what caps? Mandate audits – Independent ESG or financial audits tied to every instrument class. Standardise risk frameworks – Just like credit ratings evolved, these tools need their own risk matrices. Zaman is clear that these instruments deserve legitimacy, not limbo. He adds: 'If these instruments are helping bridge a €1trn funding gap in Europe by 2030, they deserve a proper regulatory lane (European Commission estimates, 2024).' Financing Europe's Trilemma The Zaman explains the assembly on how structured liquidity could help solve Europe's threefold challenge: Energy independence, climate resilience, and industrial retooling. Energy: 'Tokenised LNG storage revenues can bring forward capital for grid upgrades.' Climate: 'Carbon-linked securities fund projects based on verified climate action.' Industry: 'SBLC-backed loans can fund equipment upgrades without breaching debt ceilings.' 'These tools enable modular financing, meaning capital can flow faster to where it's most needed without waiting for EU-wide approval processes,' he adds. Ultimately, AltFunds Global sees a new era of sovereign finance, more decentralised, data-driven, and programmable. He states: 'Capital won't just come from Frankfurt, Brussels, or Paris, it'll come from blockchain-based marketplaces, carbon offset exchanges, and infrastructure tokenisation hubs.' So where should Europe look for inspiration? Zaman concludes: 'From the Middle East, Europe can learn the value of flexibility and sovereign agility. UAE and Saudi Arabia have launched sovereign climate funds and development banks that don't wait on multilateral coordination, they move.' "Rewiring Sovereign Capital: Europe's structured liquidity revolution" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
KBC Group: First-quarter result of 546 million euros
KBC Group – overview (consolidated, IFRS) 1Q2025 4Q2024 1Q2024 Net result (in millions of EUR) 546 1 116 506 Basic earnings per share (in EUR) 1.32 2.75 1.18 Breakdown of the net result by business unit (in millions of EUR) Belgium 281 487 243 Czech Republic 207 238 197 International Markets 135 175 146 Group Centre -77 215 -80 Parent shareholders' equity per share (in EUR, end of period) 58.8 56.6 54.9'We recorded a net profit of 546 million euros in the first quarter of 2025. Compared to the result of the previous quarter, our total income benefited from several factors, including increased insurance revenues, trading and fair value income and net other income, while net interest income and net fee and commission income were slightly down as a result of seasonality and some positive year-end effects in the fourth quarter of 2024. Our loan portfolio continued to expand, increasing by 2% quarter-on-quarter and by 7% year-on-year. Customer deposits – excluding volatile, low-margin short-term deposits at KBC Bank's foreign branches – were stable quarter-on-quarter (with a shift from term deposits to savings accounts) and up 7% expenses were up, since the bulk of the bank and insurance taxes for the full year are recorded – as usual – in the first quarter. Disregarding bank and insurance taxes, operating expenses fell by 8% quarter-on-quarter. Insurance service expenses also fell, as did loan loss impairment charges, resulting in a very favourable credit cost ratio of just 8 basis points for the quarter under review (16 basis points excluding the changes in the reserve for geopolitical and macroeconomic uncertainties).Our solvency position remained strong, with an unfloored fully loaded common equity ratio under Basel IV of 14.5% at the end of March 2025. Our liquidity position remained very solid too, as illustrated by an LCR of 157% and NSFR of 140%. On 8 May 2025, we paid a final dividend of 3.15 euros per share, bringing the total dividend for full-year 2024 to 4.85 euros per share. We also updated our dividend and capital deployment policy. As from 2025, we will pay a dividend of between 50% and 65% of our consolidated result, 1 euro of which will be paid in November as an interim dividend. We aim to remain amongst the better capitalised financial institutions in Europe. Each year, when announcing the full-year results, our Board will take a decision – at its discretion - on capital deployment. The focus will predominantly be on further organic growth alongside mergers and acquisitions. We see a 13% unfloored fully loaded common equity ratio as the minimum. Furthermore, KBC reached an agreement to acquire 98.45% of in Slovakia based on a total value for of 761 million euros. This investment will allow us to further strengthen our position in the Slovak market while closing the gap with the top three players in the banking sector. is a retail-focused bank with subsidiaries in asset management and consumer finance and is very complementary to the business of KBC's existing Slovak subsidiary ČSOB, leading to significant cost, revenue (cross-selling) and funding synergies. KBC will particularly strengthen its reach in retail banking as well as benefit from access to the unique client base and distribution network of and its exclusive partnership with Slovak Post. Closure of the deal is subject to regulatory approval and will reduce our unfloored fully loaded common equity ratio by approximately 50 basis points upon closing, which is expected by the end of this year. Recent weeks have been characterised by unprecedented macro-economic (trade) uncertainty as a result of the US policy on trade tariffs and its repercussions on the financial markets. Nevertheless, we confirm our short-term and long-term financial guidance. Last but not least, I would like to express my sincerest gratitude towards our customers, employees, shareholders and all other stakeholders for their continued trust in our group. JohanThijsChief Executive Office Attachments 1q2025-quarterly-report-en 1q2025-pb-en
Yahoo
14-05-2025
- Business
- Yahoo
ABN AMRO Bank posts net profit of EUR 619 million in Q1 2025
ABN AMRO Bank posts net profit of EUR 619 million in Q1 2025 14 May 2025 Key messages Solid results: Net profit of EUR 619 million, with a return on equity of around 10% Good business momentum: Mortgage portfolio grew by EUR 1.7 billion and corporate loans by EUR 0.9 billion Resilient net interest income despite impact from lower short-term interest rates Continued fee growth: Increase of 8% compared to Q1 2024, with contributions from all client units Cost discipline: Underlying costs declined 5% compared to Q4 2024; guidance for full-year 2025 unchanged Solid credit quality: Impairments of EUR 5 million, reflecting net additions for individual files offset by model-related releases Strong capital position: Basel IV CET1 ratio of 14.7% Capital Markets Day to be held in November Marguerite Bérard, CEO:'As we reflect on the first quarter of 2025, I am honoured to address you as the new CEO of ABN AMRO. I value the trust placed in me by the Supervisory Board to lead our bank in the years to come. In the coming period, my priority will be to lead a strategic review of our activities, while building upon our solid foundations and strong market positions. We will focus on enhancing our profitability, optimising our capital position, right-sizing our cost base and achieving meaningful growth. The outcome of this review will be presented at a Capital Markets Day in November this year. The Dutch economy continues to demonstrate resilience, with GDP growth in recent years above the Eurozone average, low unemployment and good housing market performance. Thanks to this robust foundation, the economy is well-positioned to navigate the current uncertainties around trade tensions and geopolitical developments. In these challenging times, ABN AMRO performed well, delivering another quarter of solid results and growth in our loan books. This reflects our strategic focus on key growth areas, our credit quality and our ability to adapt to changing market conditions. In the first quarter of 2025, we showed solid results with a net profit of EUR 619 million and a return on equity of around 10%. This performance was underpinned by resilient net interest income, continued high fee income and limited net impairments. After a few quarters of rising costs, we managed to reduce our underlying costs in Q1 compared to the previous quarter. To deliver on our guidance of keeping underlying costs broadly flat compared to last year, cost discipline remains a priority. Therefore, we enforced increased controls on consultant expenditures and external hiring. Though challenging for colleagues, as we all need to adjust, it will help us reassess capacity needs and optimise our resources. By collaborating and using our creativity and talents, I believe we can deliver on our strategic ambitions while becoming a more agile organisation. Our strong capital position, with a Basel IV CET1 ratio of 14.7%, allows us to continue investing in our strategic priorities while maintaining financial stability. In Q1, we submitted the final application to move models to less sophisticated approaches which is now reflected in our capital ratios. The simplification will bring stability and predictability to our capital position. The largest part of our balance sheet remains under advanced models, specifically mortgages, banks and financial institutions. Portfolios that required significant modelling and data efforts will be moved to the standardised approach. Our continued efforts to improve customer experience resulted in an increase in our Net Promoter Score for Personal & Business Banking during the first quarter of 2025. Clients especially praise our efficient and good customer services, proactive contact, and the convenience of our digital services. This was also recognised by the 2024 Digital Leaders Study, which ranked ABN AMRO among the top performers. Tikkie, with 10 million active users, is a good example of our innovative offering. During King's Day this year, Tikkie processed a record number of almost 700,000 transactions. We also introduced the Index Mandate, an actively-managed product that invests in underlying passive instruments. With this product we aim to attract younger clients and help them begin with portfolio management. We remain dedicated to sustainability. In the first quarter we launched the free online Green Building Tool which helps provide commercial real estate clients with insights into opportunities to save energy and improve their energy label. We realise that making the switch to a sustainable society is not always straightforward for our clients. A survey among over 350 business clients at our decarbonisation conference revealed challenges in the energy transition, including high capital expenditure, complexity and cost impacts. We aim to support our clients towards a low-carbon future by providing financing and expertise. One example of how we can help them is our recent agreement with the EIB Group to support Dutch SMEs with favourable financing conditions. This collaboration will enhance economic growth and the sustainability efforts of our clients. It includes the largest risk-sharing agreement with the EIB Group to date, totalling EUR 1 billion. ABN AMRO believes that everyday represents a new beginning for our customers, and for whom we stand ready to support. I am looking forward to my 'new beginning', collaborating with all my colleagues to deliver results for our stakeholders in the years to come. This press release is published by ABN AMRO Bank N.V. and contains inside information within the meaning of article 7 (1) to (4) of Regulation (EU) No 596/2014 (Market Abuse Regulation). Note to editors, not for publication:ABN AMRO Press Office: Jarco de Swart, E-mail: pressrelations@ phone number: +31 (0)20 AMRO Investor Relations: John Heijning, E-mail: investorrelations@ phone number +31 (0)20 6282282. Operating results (in millions) Q1 2025 Q1 2024 Change Q4 2024 Change Net interest income 1,560 1,589 -2% 1,668 -7% Net fee and commission income 507 469 8% 500 1% Other operating income 79 139 -43% 72 10% Operating income 2,145 2,197 -2% 2,240 -4% Personnel expenses 725 656 10% 743 -2% Other expenses 584 600 -3% 871 -33% Operating expenses 1,309 1,257 4% 1,614 -19% Operating result 836 940 -11% 626 34% Impairment charges on financial instruments 5 3 52% 9 -44% Profit/(loss) before taxation 831 937 -11% 618 35% Income tax expense 212 263 -19% 220 -4% Profit/(loss) for the period 619 674 -8% 397 56% Attributable to: Owners of the parent company 619 674 -8% 397 56% Other indicators Net interest margin (NIM) (in bps) 154 162 167 Cost/income ratio 61.0 % 57.2 % 72.0 % Cost of risk (in bps)¹ 1 -1 1 Return on average equity² 9.9 % 11.6 % 6.2 % Earnings per share (in EUR)3, 4 0.69 0.76 0.43 Client assets (end of period, in billions) 346.9 347.1 344.4 Risk-weighted assets (end of period, in billions)5 141.5 144.2 140.9 Number of internal employees (end of period, in FTEs) 22,267 20,887 21,976 Number of external employees (end of period, in FTEs) 3,312 3,931 3,670 1. Annualised impairment charges on loans and advances customers for the period divided by the average loans and advances customers (excluding at fair value through P&L) on the basis of gross carrying amount and excluding fair value adjustments from hedge accounting. 2. Annualised profit/(loss) for the period, excluding payments attributable to AT1 capital securities and results attributable to non-controlling interests, divided by the average equity attributable to the owners of the company excluding AT1 capital securities. 3. Profit/(loss) for the period, excluding payments attributable to AT1 capital securities and results attributable to non-controlling interests, divided by the average outstanding and paid-up ordinary shares. 4. For Q1 2025, the average number of outstanding shares amounted to 833,048,566 (Q4 2024: 833,048,566; Q1 2024: 860,275,379). 5. As of 1 January 2025, the figures in the table are prepared in accordance with CRR III (Basel IV) regulations. The figures up to 31 December 2024 are prepared in accordance with CRR II (Basel III) regulations. Attachments ABN_AMRO_Bank_-_Quarterly_Report_first_quarter_2025 20250514 ABN AMRO Bank posts net profit of EUR 619 million in Q1 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
