Are you prepared for the implications of the new CRD IV regulations?

Are you prepared for the implications of the new CRD IV regulations?

ALMIS International can provide you with a comprehensive solution to meet the demands of regulatory reporting for COREP and FINREP.

 

ALMIS International provides a full CRD IV submission system, with the option to calculate reports directly from a firm’s balance sheet. Our system can provide a complete solution to all the requirements of CRD IV and has the flexibility to deliver on specific elements that your organisation requires.

 

The ALMIS Regulatory Reporting Module provides a fast and flexible method of completing COREP and FINREP reporting, offering both full automatic calculation and spreadsheet integration.

 

Users of the regulatory reporting module have two options:

 

1. Input only option – transforms data held from spreadsheets into XBRL.

2. A full calculation option – produces the reports directly from your source systems.

 

The ALMIS system has been comprehensively developed and extensively tested, making it a reliable, effective and time saving solution to reporting. ALMIS is supported by a team of ALM experts and software engineers and is updated to ensure it meets all regulatory changes.

 

The benefits of using the ALMIS system for regulatory reporting include:

 

  • Reduced pressure on finance department through seamless automation of regulatory returns which are consistent across regulation and ALCO reporting

  • PRA Reporting through XML to the PRA/FCA’s Gabriel System

  • COREP Reporting through XBRL to the PRA/FCA’s Gabriel System

  • Bank of England Reporting using XML to the Bank of England’s OSCA system

  • Easy to use with Audit trails

  • Full validation as is done on the Regulatory Systems, including cross validation between the reports

  • Automatic calculation on totals and listing of calculations on cells

  • Segregation of Editing, Reviewing and Submission roles

 

Our team of ALM experts, software engineers and system integrators understand the changing regulatory landscape and provide a flexible, forward-looking system that enables you to achieve regulatory compliance with minimum disruption to your business.

 

With over 50 banking clients and over 60% of the UK Building Society market, ALMIS International are a UK market leader for regulatory reporting systems for UK banking firms.

 

For more information on how the ALMIS solution can work for you, contact Cecilia Mueller on 0131 4528898 or email c.mueller@almis.co.uk

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