FRSGlobal

Regulatory Reporting

FRSGlobal provides regulatory reporting solutions throughout the world for banks, insurance companies, funds and other financial institutions. By leveraging a global data model (DataFoundation), a standardised integral development environment, fully integrated calculation capabilities, and a global runtime engine for reporting, FRSGlobal can provide local reporting efficiently and consistently for any jurisdiction.

Main benefits of the FRSGlobal regulatory reporting solution include among others:

• Regulatory update service (RUS): FRSGlobal actively monitors regulatory changes and provides 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:
  1. Single source of data and data management to ensure consistency
  2. 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:

Statutory

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, FRSGlobal solutions also include IFRS valuation and profit analysis capabilities. Depending on the country requirements the reporting may also include netting and compensation rules.

Prudential

The prudential framework of a regulator is centred around 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.

FRSGlobal 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.

Statistical

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.

Transactional

In many countries reporting requirements exist on transactional level. This typically involves balance of payments reporting, MIFID or other daily transaction reporting.

Spring Reporting

In April 2011, Wolters Kluwer Financial Services acquired Spring through its FRSGlobal business. Spring provides full reporting templates and high-level input and delivery mechanisms to UK regulators. The acquisition enables the combined company to help more financial organisations better meet intensifying liquidity and stress testing requirements in the UK.