Regulatory Reporting


Image
Gap and Review
01

In the current banking climate correct regulatory reporting is the foundation for every successful institution. If your reporting is not correct, then your company will be under strict scrutiny from regulators. This can force your firm to focus on FSA questions when you could be concentrating on your core business. Incorrect reporting can also lead to reputational and monetary damage in terms of sanctions in the worst of cases. Thus, a company cannot afford to be negligent with its regulatory reporting.

In the ever-changing regulatory landscape, however, keeping your reports, such as COREP, FINREP and LCR correct and up to date can be very challenging. Regulations are constantly changing, becoming increasingly more difficult to interpret, and different regulatory bodies such as EBA and the FSA updates their viewpoint and recommendations continuously. Sometimes, the viewpoints and recommendations are even contradicting. FCG can help guide you in the regulatory jungle.

Our team can help you stay on top of your reporting. From our extensive knowledge of aiding institutions in all shapes and sizes we can help you interpret regulations such as CRR and IFR as well as offer valuable feedback of best practice on the market. FCG can provide you with a full review of your regulatory reports and give you a heads up of how coming regulations will affect your company’s reporting. Our services will make sure that your current reporting is of the highest standard and will help you rest easier knowing that the foundation for your institution is solid.

Want to know more?

Can´t find what you´re looking for?

Related news

The cost of incorrect regulatory reporting

Ascertaining that your regulatory reporting is correct can be vital for a financial institution. Over the years, FCG has audited regulatory reports of several financial institutions. Finding discrepancies has no...

Show more news