FINREPFinancial Reporting
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The EBA will subsequently release a comprehensive and updated version of FINREP, covering both Annex III and Annex IV (IFRS and GAAP templates), and it will also amended Annex V (instructions) accordingly.
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.
Paris, France, July 03, 2013 --( 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.
The precision demonstration of XBRL Analyzer at the XBRL26 conference showcased high-performance storage and analysis of large volumes of dimensional regulatory data in XBRL, using the example of the recently released FINREP 2012 taxonomy.
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.
The acquired package consists of three solutions that operate as a plug-in to SAP s Disclosure Management application to address CoRep and FinRep reporting requirements for the EBA and the Solvency II Pillar 3 reporting requirements for the EIOPA.
"The OeNB's requirements are only the first in a series of changes facing Austrian firms, while broader changes are still being triggered by Basel III, CRD IV, IFRS and FINREP," said Wolfgang Prinz, vice president, Product Management at Wolters Kluwer Financial Services.
SAP AG today announced a new rapid-deployment solution that integrates reporting processes of International Financial Reporting Standards (IFRS) and Financial Reporting (FINREP) to meet new European Banking Authority (EBA) FINREP requirements and the impending July 1, 2014 deadline.
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.
These projects and others FINREP, PRC and Solvency II.