Common Reporting framework for all EU institutions


Capital Requirements Regulation/Directive (CRR/D IV) and the related Common Reporting  (COREP) framework came into effect on 1 January 2014. COREP requires firms to provide detailed information about own funds (i.e., capital) adequacy; group solvency; own funds requirement based on credit, market, operational and counterparty risk; securitisations; large exposures; liquidity risk and leverage. The information or data reported using the COREP templates are at a more granular level than that required by the current Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA) report.  Liquidity reporting (LIQREP) is the liqudity related reporting and risk amangement aspects of COREP. 

Practitioner's documents: 

1) Overview of CRD IV - liquidity: PRA policy statement PS11/15 and supervisory statement SS24/15 

2) Overview of COREP for small- and medium-sized banks and investment firms


How can Katalysys assist? 

At Katalysys, we have been working with a number of banks and investment firms over the past 6 years on various regulatory reporting projects. In enabling you to meet the new COREP and LIQREP requirements, we can assist in the following areas :-  

* CRR and COREP requirements analysis - Evaluate the changes to the regulatory rules as applicable to your firm

* Data gap analysis - In the core banking system identify the data to be extracted to populate the reports

* Data sourcing - Update the extract from the core banking/transaction system that is used as input in the regulatory reporting package

* Data mapping and transformation - Update the regulatory software data mapping which includes the new COREP & LIQREP templates

* Quality assurance & cleansing - Test report output to ensure that it is materially accurate & reconciles back to the firm’s books

* Project management and implementation of new regulatory software package - Project management and implementation using regulatory reporting package like Lombard Risk's REPORTER, CGI Logica's rFrame.



External links:

1) BCBS Basel III framework

2) CRR IV - REGULATION (EU) No 575/2013 of the European parliament and of the council

3) CRD IV - DIRECTIVE 2013/36/EU of the European parliament and of the council

4) EBA Implementing Technical Standard (ITS) – Final draft on Supervisory Reporting (Data Point Model)

5) CP 5/13 - Prudential Regulatory Authority (PRA) - Strengthening capital standards: implementing CRD IV

6) CP 13/6 – Financial Conduct Authority (FCA) – CRD IV for Investment Firms

7) CP27/14 - Prudential Regulatory Authority (PRA) - CRD IV Liquidity

8) PS11/15 - Prudential Regulatory Authority (PRA) - CRD IV Liquidity

9) SS24/15 - Prudential Regulatory Authority (PRA) - PRA’s approach to supervising liquidity and funding risks)