Regulatory Reporting

Legal Requirements Subject to Frequent Change

Financial service providers have to create a large number of regulatory reports to meet legal requirements. Reporting requirements, however, are subject to frequent change due to the progressive EU-wide harmonizing of supervisory law and as a consequence of the latest crisis in the financial markets.

Continuously modeling new regulatory provisions represents a major challenge. Even more so if you use software solutions you have developed yourself for reporting purposes. Complex adjustments are often required at the preprocessing stage, in other words, when extracting and preparing data that is relevant for reporting. These adjustments are usually associated with high investments that cannot be planned in advance. All of which leads to greater risk.

Standard Software Reduces Risks and Costs

In light of the standardized legal framework and considerable degree of standardization of banking transactions, regulatory reporting can be modeled particularly well in standard software. One of the advantages of using standard software is that part of the workload associated with meeting new requirements is shared by all users together. This considerably reduces costs and risks compared with using your own development.

iBS Standard Solutions for Preprocessing Reporting Data

iBS offers two tried and tested solutions for preprocessing reporting data based on SAP, both of which represent the standard in their respective markets:

• iBS Standard Reporting Tool based on SAP ERP
• SAP Regulatory Reporting Analyzer by iBS based on SAP Bank Analyzer