ALMM Update
The PRA has finalised the date of changes to liquidity reporting rules. On 22 April 2016, FSA 050-053 will be switched off and the EU requirements to report additional liquidity monitoring metrics introduced.
The PRA has finalised the date of changes to liquidity reporting rules. On 22 April 2016, FSA 050-053 will be switched off and the EU requirements to report additional liquidity monitoring metrics introduced.
There have been some recent press releases issued by the EBA regarding updates to the Data Point Model and the XBRL Taxonomies according to the Implementing Technical Standards (ITS) on Supervisory Reporting.
ALMIS gives financial institutions the ability to manage, monitor and report their financial risk profiles, providing their Executives and Boards with accurate information on current and forward looking positions to help them proactively monitor and plan. The same system provides a single version of the facts and for regulatory reporting.
BASEL III, CRD IV, COREP, FINREP, BoE reports – the list is seemingly endless and, regardless of size or resource, all UK Building Societies have to comply with the specific demands of submission dates, report formats, data validations and auditability.
Firms need to use the same data to calculate LE as for CR (Credit Risk). The ALMIS system seamlessly integrates and automates CA, CR and LE COREP returns using the Capital Adequacy module.
ALMIS International are ready for COREP reporting but banking firms can breathe a sigh of relief as the new Regulation deadlines are delayed.
ALMIS International can provide you with a comprehensive solution to meet the demands of regulatory reporting for COREP and FINREP.
Formally confirmed on the 27th June 2013; CRD IV legislation has been formally published in the Official Journal of the EU. This affirms that the new legislation will come into effect from 1st January 2014.
Rumours have been circulating in recent months about further delays to COREP; the FSA have today issued a revised statement on the expected CRD IV and CRR implementation, claiming it is continuing work on implementing the directive and expects firms to do.
As part of the on-going development of the Regulatory Reporting module ALMIS International is currently working with the Bank of England to develop a submission tool for the new OSCA application.