New Technical and Normative Challenges for XBRL: Multidimensionality in the COREP
This is a consideration of particular importance in the run-up to the implementation of COREP and FINREP under CRD IV.
Invoke XBRL reporting solutions are perfectly aligned with the emerging European regulatory use-cases of COREP and FINREP under CRD IV and Solvency II, making Invoke the partner of choice for major supervisory bodies (such as the European Banking Authority, Banque de France - ACPR and Deutsche Bundesbank), as well as for multinational groups in the banking and insurance sectors (such as Credit Agricole, Danske Bank, CNP Assurances, Groupama, Danica Pension and many others) who fall under the scope of both local and European regulatory imperatives.
Furthermore, many National Competent Authorities around Europe now require that both COREP and FINREP reports under CRD IV be submitted in XBRL (eXtensible Business Reporting Language) format.
Compiling COREP and FINREP reports, which include capital requirements, exposure and other financial information, involves a detailed process of consolidating data from multiple sources.
The new approach from Invoke and Finsbury Solutions is pragmatic and results-oriented, designed to help firms meet their COREP and FINREP reporting obligations on time, by leveraging the spreadsheet-based processes that many firms currently rely on.
com)-- The Bankdata CRD IV reporting project covers both COREP and FINREP reporting in XBRL for the Danish regulatory authority, Finanstilsynet, across 13 member banks including Jyske Bank and Syd Bank.
Composed of the regulatory reporting platform, FAS Regulatory and its complementary web-portal module that serves to steer the disclosure process, this end-to-end solution allows Bankdata to industrialize the compliance effort needed to for its member banks to meet the many demands of COREP and FINREP reporting under CRD IV.
To help institutions, Wolters Kluwer Financial Services has outlined its "five core benefits" that integrating the risk, finance and reporting functions of a business can bring when addressing such regulatory requirements as the European stress test, various Basel III elements including COREP
, FINREP and liquidity reporting, as well as IFRS9 hedge accounting.
Contractor name : MESSAGE IMPRIMERIE (TITULAIRE 1) - IMPRIMERIE AMADIO (TITULAIRE 2) - COREP
The subject of the public contract is extended warranty on selected information system modifications Metasystem - Information Services - Statistical-accounting database - data collection from non-banks (hereinafter referred to as "MTS-ISL-SUD-SDNS") of expanding its functionality in the project design " MTS-ISL-SUD-SDNS - adjustments in connection with the implementation COREP
and FINREP "that were made under contract for modification of MTS-ISL-SUD-SDNS to provide design statements and reporting uniform reporting frameworks COREP
and FINREP (hereinafter the "edit MTS-ISL-SUD-SDNS for COREP
and FINREP") of 25 6 2012.