Data Challenges in Regulatory Reporting There are numerous challenges in preparing regulatory reports demonstrating a financial organisation’s compliance with regulations. The foremost of all challenges faced by a financial organisation is securing the right data that is required for preparing such reports.Let us look at the main data challenges in the preparation of regulatory reports …
Future of Regulatory Reporting with Technology advancements Table of content Differences between regulatory reporting and MIS or BI reporting Bank’s perspective Data Infrastructure Thinning line between data, digital, and regulatory reporting Data platform: The platform should enable a bank to Digital platform: The platform should enable a bank to Regulatory Reporting Platform: The platform should …
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12 Common Mistakes to Avoid While Preparing and Filing BSP FRP Reports in the Philippines Table of content Inconsistent and inaccurate reporting Lack of documentation Incorrect mapping of data Lack of transparency Insufficient validations Inaccurate interpretation of the regulation Inefficient data infrastructure Adhoc changes in response to regulatory changes Unauthorised Report Submissions Uncontrolled manual adjustments …
Atumverse-Data is your solution for RBS: Risk-Based Supervision In 2010, Reserve Bank of India announced through its Approach Paper for launching its Risk based supervision system which would require banks to submit over 200 reports. RBI essentially was looking at a straightforward process of collecting data directly from the banks’ source systems’ Common Data Repository …
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Data As The True Accelerant For Digital Transformation Digital transformation, previously considered as a competitive advantage, has now become a ‘must have’ for organisations to not just thrive, but survive in the new paradigm. Inevitably, digital transformation has compelled companies to adapt to the changing imperatives of the new market reality and reimagine their businesses. …
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