integrated corep and finrep reporting€¦ · flexible, automated processes capture, reconcile and...
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Integrated COREP and FINREP ReportingMoody’s Analytics delivers comprehensive, powerful and integrated COREP and FINREP reporting for banks. Leveraging Moody’s Analytics high-performance data management platform, it seamlessly integrates and reconciles COREP and FINREP reports to provide accurate, consistent and cost effective regulatory reporting. Automated processes streamline the regulatory reporting process, putting you in control of your COREP and FINREP reporting. Its built-in templates enable banks to deliver an out-of-the-box COREP and FINREP reporting solution quickly and cost effectively.
The Challenge: Delivering Accurate, Consistent and Cost Effective COREP & FINREP Reporting
Delivering accurate and consistent COREP (Standardized EU-wide common reporting for consolidated, sub-consolidated and solo capital requirements) and FINREP (Standardized EU-wide reporting framework for financial reporting) reports to regulators is complex, time-consuming, and burdensome. Banks need a flexible reporting process that manages the differing requirements of COREP and FINREP reports, but which ensures they remain consistent, as well as being fully auditable. The solution must also ensure these reports are consistent with a bank’s other reports such as the Basel Pillar 3 information reported in its Annual Reports and other local regulatory reporting requirements. Risk, finance and reporting managers are challenged to meet these conflicting demands while also adding value to the business.
A Powerful, Integrated, End-to-end COREP and FINREP Reporting Solution
ENTERPRISE RISK SOLUTIONS
RiskAuthority™
RiskFoundation™ Data Platform
Regulatory Reporting Module
Finance Applications
Core Banking Applications
» DataCollection
» Data Consolidation & Cleansing
» Regulatory Capital Ratio Calculation
» Report Analysis& Submission
» Report Consolidation &Reconciliation
COREP FINREPConsolidated & Sub consolidated Reports
» Group & SoloReports
» Pillar 1 & 3Reports
Risk Applications
» Credit Risk» Liquidity Risk» Market Risk» Concentration Risk» Operational Risk
» Consolidated Balance Sheet data - Assets, liabilities & equities
» Income Sheet
2 MOODYS ANALYTICS INTEGRATED COREP AND FINREP REPORTING
The Solution: An Integrated and Enterprise-Strength Risk and Finance Reporting Solution
Automated COREP and FINREP Reporting
Moody’s Analytics award-winning Regulatory Reporting Module simplifies the demands of group and solo entity reporting through automation. Flexible, automated processes capture, reconcile and import the transaction and finance data from a range of back-end systems. Automated processes consolidate this data, mirroring the structure of the business at the consolidated and solo levels. Other processes reconcile imported general ledger balance sheet amounts, with individual transactions to ensure consistency between COREP and FINREP reports. The reports are generated automatically and all regulatory consistency checks are applied to ensure that they are formatted to meet a supervisor’s requirements.
FINREP Report Created and Delivered via the Regulatory Reporting Module. COREP Report Created and Delivered via the Regulatory Reporting Module.
Centralized, Consolidated and Consistent Reports
The solution leverages Moody’s Analytics RiskFoundation™ data platform to consolidate a bank’s core risk and financial data. This single data source eliminates data duplication and provides a consolidated and granular view of balance sheet and transaction level information, ensuring COREP and FINREP reports use the same data for the common values they both share. Built-in data quality checks enable users to easily manage data quality and reconciliation mismatch issues with one click. Approved changes quickly update all impacted reports.
Best in Class COREP and FINREP Reporting
Business Reporting and Trend Analysis
Store, manage and access historical data to provide detailed trend analysis for regulators and management. Use these reports to provide insight to make better informed risk and finance decisions.
Full Audit Control
Capture and report on all changes to the data before, during and after the reporting process. Audit changes made down to individual cells to maintain data quality and integrity and enforce the corporate data policy.
Comprehensive User Access Control
The sensitivity of regulatory reporting demands tight control over who can access the systems and what they can do with the data. Deliver comprehensive, fully audited, user access control, down to cell, table and company level.
Powerful Drill-down Capabilities
Understand quickly and easily the ‘big picture’ of a bank’s finance and risk position, and then drill down into individual transactions to see the smallest detail. Make fully informed management decisions with a clear grasp of a bank’s risk and financial profile.
Automated Report Validation and XBRL Submission
Assure the quality and consistency of your COREP and FINREP reports by automatically applying regulator and bank-defined report validation checks, across all reports. Automate the submission of your reports in XBRL and Excel formats, using the formats demanded by your regulators.
Multi-currency & Multi-language Reporting
Streamline COREP and FINREP reporting for multiple regulators. The solution supports reporting in multiple currencies and multiple languages, enabling banks to manage reporting to all their regulators.
3MOODYS ANALYTICS INTEGRATED COREP AND FINREP REPORTING
Why Choose Moody’s Analytics for Integrated Risk and Finance Reporting?
Comprehensive Coverage of COREP and FINREP Reporting
The solution leverages Moody’s Analytics extensive catalogue of reporting templates that cover over 50 countries, as well as FINREP and COREP reports. The twenty five built-in COREP templates help banks deliver both group and solo COREP reports to their regulators in the required XBRL format. The thirty one FINREP reporting templates ensure that banks can meet their regulator’s demands for core and non-core data, covering both consolidated and non-consolidated reports. These templates are regularly updated to fully capture the changing requirements of national regulators. The solution can be extended to produce other Basel III reports, including liquidity risk (Liquidity Coverage Ratio and Net Stable Funding Ratio), large exposures, leverage ratio, concentration risk, stress testing, and Pillar 3.
Reconcile Transactions with the General Ledger Deliver Consistent Intra and Inter-company Reports
Flexible and Open Technology
The solution seamlessly integrates with RiskFoundation – Moody’s Analytics enterprise-wide data platform. RiskFoundation’s comprehensive application mapping capabilities enable it to seamlessly integrate into financial applications, to deliver FINREP results. Users can leverage RiskAuthority – Moody’s Analytics regulatory capital calculation solution – to generate accurate regulatory capital metrics reported in COREP, or leverage their proprietary or third-party systems to meet the needs of the business and the regulator.
Ongoing Regulatory Maintenance
Moody’s Analytics ensures your regulatory reporting is in line with evolving regulatory requirements. New developments with COREP, FINREP and the Basel framework are constantly updated so you can be confident that you are meeting the needs of the supervisor and the market, without extra cost and effort.
Related Products
Users can leverage Moody's Analytics integrated solutions and services to deliver and streamline their Basel III compliance.
» RiskAuthority calculates and consolidates an organization’s regulatory credit, market, operational, concentration and liquidity risk. It delivers comprehensive compliance for Basel I, II and III.
» Scenario Analyzer™ forecasts an organization’s regulatory capital demands in a range of different market conditions, ensuring banks meet the needs of the business and the needs of their regulators.
» RiskConfidence™ offers integrated enterprise balance sheet management for interest rate risk (IRR), funds transfer pricing (FTP), and liquidity risk management.
» Enterprise Risk Solutions Services provide experienced practitioners to install, train and deploy the solution across your organization. They leverage gap analysis, data profiling and best practice project management, to ensure your solution performs flawlessly.
SP23092/101215/IND-401A-A4
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About Moody’s AnalyticsMoody’s Analytics, a unit of Moody’s Corporation, helps capital markets and credit risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By offering leading-edge software and advisory services, as well as the proprietary credit research produced by Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges.
Financial and Risk Datamart
Single Obligor Credit Risk:PD and LGD models & Benchmarking Data
Stress Testing, Performance Mgmt & Reporting
OriginationPortfolio Management
» Spreading» Internal Ratings Model» Pricing» Limits Management» Workflow» Covenant Tracking
» Portfolio Management» Economic Capital» Exposure Monitoring» RAROC» Trade Optimization» Valuation
Regulatory & Compliance
» Basel 1, 2 and 3» Reg Cap Calculation - Credit Risk - Market Risk - Operational Risk» Liquidity for Basel III» Regulatory Reporting
Balance SheetManagement
» Asset & Liability Management» Funds Transfer Pricing» Liquidity
Moody’s Analytics Delivers Comprehensive Enterprise Risk SolutionsMoody’s Analytics enterprise risk management goes beyond credit, market and operational risk and delivers a solution for the entire risk life cycle, from measuring and pricing for risk in loan origination to portfolio and regulatory risk management and reporting, to managing balance sheet and liquidity risk. Our solution allows organizations to tie all credit exposures to an obligor, as well as to the entire portfolio, providing a consistent view of risk from origination to regulatory calculation and reporting to portfolio analysis.