Regulatory Reporting Solutions

@Data Mavens
21 mai 2020 par
Regulatory Reporting Solutions
Data Mavens Ltd, Leslie Asamoa

The special role of credit institutions for the public at large needs to be explicitly acknowledged.

Reporting requirements should therefore be designed in such a way that they do not endanger financial stability.

Firstly, “reporting” in this context, is a tool that provides useful information to relevant stakeholders, and that effective communication between companies, in particular credit institutions, and their stakeholders is important.

Therefore, the information provided by companies must be relevant and understandable.

Secondly, the information provided should be comparable across jurisdictions.

In our jurisdictions, Regulatory reporting comprises, among other things, the IFRS-based financial reporting templates for supervisory purposes (known as “FINREP”), and the capital requirements and own funds reporting templates (known as “COREP”), based on the new EU framework for banking regulation under the Capital Requirements Regulation (CRR) and Capital Requirements Directive (CRD IV).

The aim is to provide supervisors with all relevant information on the financial institutions’ risk exposures, as well as their capital and liquidity positions.

Regulatory Reporting Solutions
Data Mavens Ltd, Leslie Asamoa 21 mai 2020
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