Tel: +49 211 826 2253
Regulatory Reporting provides services on banking supervisory issues according to German as well as applicable European law (based on international requirements such as CRD/CRR, EBA ITS/RTS). The unit covers Capital and Solvency (e.g. COREP) as well as Large Exposure, Liquidity, bank statistical and other regulatory reporting requirements.
The available systems and the expertise of our employees enable Regulatory Reporting to cover not just standardized bank products but more sophisticated products as well.
The foreseeable revision of the rules for securitizations (BCBS 303), for the trading book (BCBS 305) and for the operational risk (BCBS 291) as well as the new standardized approach for credit risk and counterparty risk represent only part of the future challenges in regulatory reporting. The new regulations for the leverage ratio, the analytical credit data set, the LCR as well as for the SREP add to the agenda of supervisory regulations that will be subject to revision. With the banking supervisory authorities focusing more and more on business models and sustainable sources of income, internal control systems, governance and data quality are gaining in importance.
Integrated data sources (Golden Source) and clear data structures will be increasingly important. There is an urgent need for action regarding the reduction of manual processes. Enhanced structures will lead to time savings and improve the data quality.They will enable banks to meet the ever increasing reporting requirements and simplify the growing number of analytical and quality assurance tasks. A clear structure of the IT environment will facilitate the adjustment of interfaces and the implementation of releases and updates of the standard reporting software going forward.
This is our area of expertise!
We operate on the basis of a common data pool to which front and back office systems are linked in a standardized way. This data pool is the “Golden Source” for all reports. In many cases it already contains the additional information which is relevant to fulfill new reporting requirements. Detailed (IT) conceptioning is part of our day to day tasks.
For the outsourcing of regulatory reporting responsibilities different technical options are available:
The customer can choose between the partial or complete outsourcing of reporting duties.
Regulatory Reporting represents an attractive area for services that are already market-tested
In recent years regulatory reporting requirements were subject to a huge number of dramatic changes. This made many financial institutions contemplate whether
Your advantage will be: