PDF Regulatory Reporting Introduction and Overview
Regulatory Reporting Best Practices
April 26, 2012 0
Regulatory Reporting Introduction and Overview
Kenneth Lamar
1
Objectives
What are the goals of regulatory reporting? Where are the pitfalls? How to mitigate these?
2
Purpose of Regulatory Reports
Regulatory reports are collected for many purposes:
Monitoring safety and soundness on the individual legal entity level (e.g., regulatory capital)
Monitoring systemic risk in the banking and financial systems
Monetary Policy (measurement and operations) Cross border flows (individual exposures and position of
countries) Compliance
3
2
Purpose of Regulatory Reports
This results in the Federal Reserve System collecting:
Over 80 reports Different cuts Different definitions Different consolidation rules
4
Purpose of Regulatory Reports
Report design focuses on
The need for data balanced by cost
Robust review process is in place Dialogue with the financial services industry is
key to good report design
5
3
Pitfalls
Static databases
Often cause significant classification errors Business lines need to:
Understand the regulatory reporting requirements Be accountable Have open communication and partnership with the
regulatory reporting area
6
Pitfalls
Legal entities matter
Regulatory reporting is based on legal entities This may differ from internal business line
controls and measurements
The more complex a firm, the more difficult it is to report by legal entity
Accountability becomes difficult to identify
7
4
Pitfalls
Regulatory reporting viewed as back office process
Not involved in new product development or accounting policy
This can result in misstatements and unintended consequences of regulatory rules
8
Pitfalls
Mergers and acquisitions
Always a regulatory reporting challenge Long term integration planning for regulatory reporting
and source system are key Communication with regulators before, after and during
the merger/acquisition is critical Planning and communicating work around (avoid
significant errors)
9
5
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- pdf regulatory reporting introduction and overview
- pdf basel committee on banking supervision
- pdf strategies for optimizing your accounts payable
- pdf guidance on managing outsourcing risk
- pdf operational risk policy summary for third party suppliers
- pdf best practices in supply chain risk management for the u s
- pdf superior court of california county of san mateo request for
- pdf how the convergence of it and ot enables smart grid development
- pdf compliance risk assessments deloitte us
- pdf the outsourcing handbook a guide to outsourcing
Related searches
- business ethics and regulatory issues
- best pdf converter to word and excel
- financial reporting risks and controls
- reporting median and interquartile range
- importance of introduction and conclusion
- introduction and conclusions
- speech introduction and conclusion
- apa introduction and conclusion
- writing introduction and conclusion worksheet
- corporate reporting pdf download
- michigan department of licensing and regulatory affairs
- introduction and conclusion worksheets