FRSGlobal

FST, 13th December 2011: COREP warning for UK FS sector

Wolters Kluwer Financial Services has urged the UK banking industry to engage with the EBA on the refinement of COREP - the Capital Requirements Directive (CRD) reporting standard - to avoid extraneous burdens and costs. The directive, which will impact all UK banks, building societies and investment (BIPRU) firms from 31 December 2012, is designed to create a common reporting framework across Europe and is set to significantly alter UK firms’ current reporting processes.

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