Comply with Multijurisdictional Regulatory Reporting Requirements and Streamline Your Reporting Process With an Easy-To-Use and Cost-Efficient Regulatory Reporting Tool
Financial regulations are tightening around the world and financial institutions need robust systems and processes to comply. Basel II and III are challenging banks and credit institutions to increase the quality and quantity of reports, while Solvency II and related global regulations are forcing insurers to report their insurance regulatory capital on a quarterly basis from 2014. Risk, finance and reporting managers are being challenged to aggregate accurate results quickly and efficiently complying with local supervisors preferred styles, formats and languages. Furthermore, data auditing, calculation reconciliation and guaranteeing the consistency of the overall information reported are also key challenges. Leveraging a solution which automates and streamlines the process and delivers consistent reports is becoming a sought-after requirement.