We provide regulatory reporting solutions for banks, insurance companies, funds and other financial institutions around the world. By leveraging a global data model, a standardized integral development environment, fully integrated calculation capabilities, and a global runtime engine for reporting, we can enable firms’ to create local regulatory reports efficiently and consistently for any jurisdiction.
Main benefits of our regulatory reporting solution include among others:
- Regulatory update service (RUS): we actively monitor regulatory changes and provide updates within the product subscription
- Full audit trail and drill-down to underlying data, variance analysis, etc. as part of the runtime engine.
- Fully integrated solution for risk management & regulatory reporting, to accommodate the growing convergence of these functions in regulatory frameworks all over the globe (Basel III, Solvency II, etc.). This means:
- Single source of data for all calculations and data management end-to-end process flow to ensure consistency
- Risk calculation results relevant for regulatory reporting automatically taken into account
- Regulatory reporting includes report level validation rules and electronic delivery where applicable
- Local domain expertise, while maintaining global consistency
We cover the following categories of reports:
This type of reporting concerns balance sheet information as well as P&L. Most countries provide a regulatory framework that includes a main balance sheet and P&L report, either on IFRS basis or local GAAP. In addition to that there are usually a number of breakdown reports which zoom in on specific items from the balance sheet or P&L.
Besides reporting as per local requirements, our solutions include IFRS valuation and profit analysis capabilities. Depending on the country requirements the reporting may also include netting and compensation rules.
The prudential framework of a regulator is centred on risk reporting. This includes capital adequacy reporting (solvency risk), liquidity risk, market risk and interest rate risk, as well as concentration risk like large exposure reporting.
Our solution covers not only the reporting part of the prudential framework, but also capital requirements (standard approach & IRB) and reserve calculations, cash flow calculations, stress testing capabilities, liquidity forecasting and full ALM capabilities.
In each country the central bank or other regulatory body is collecting information used for statistical purposes. This generally includes balance sheet breakdown per country, economic sector, currencies, maturities, notice periods, etc. It may also include reporting on specific topics like securitisation and interest rate statistics. Depending on the country requirements the reporting may also include netting and compensation rules.
In many countries reporting requirements exist on transactional level. This typically involves balance of payments reporting, MIFID or other daily transaction reporting.