Key activities
Many of the most material risks in regulatory reporting stem not from data errors, but from interpretation gaps and assumptions made without full oversight or documentation. Whether you’re defining materiality thresholds, classifying exposures, or mapping product features to templates, you are making decisions that directly affect your capital, liquidity, funding and other risk positions.
Supervisors expect you to manage these areas through structured governance, documented rationale, and repeatable processes, not informal judgement calls. We help you transform these high-risk areas into controlled, transparent, and auditable decisions.
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We start by identifying and cataloguing the critical assumptions, manual interventions, and reporting judgements across your regulatory submissions, such as COREP, FINREP, PRA110, BoE Statistical, IRRBB, and ALMM. We work with your finance, risk, and reporting teams to trace how and where decisions are being made.
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We test the rationale behind your assumptions and assess how well they align with regulatory expectations. We highlight inconsistencies, confirm alignment with internal data and accounting treatments, and help refine interpretations where needed.
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We formalise your judgements and interpretations in a structured, auditable format. We build or enhance your Regulatory Reporting Judgement, Interpretation and Assumpotions document(s) to ensure each assumption is supported by documented reasoning, ownership, data sources, and governance sign-offs.
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We help you put the right controls in place, setting thresholds for escalation, defining review cycles, and embedding assumption governance into your existing reporting committees or sign-off forums.
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We support you in responding to regulator queries or preparing for a Skilled Person Review. We help you evidence your interpretations, walk through your assumptions with confidence, and demonstrate good practice to supervisors or auditors.
What we offer
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End-to-end documentation
We help you build a comprehensive, centralised judgements, assumptions & interpretations document(s) that serves as a single point of truth, ready for internal audit or regulatory challenge - for every single regulatory return/form at a very granular level, for each row and column. We identify where key decisions are made across your regulatory reporting suite and assess their materiality, consistency, and control environment.
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Governance and control review
We evaluate how you govern and approve assumptions, testing whether they’re well understood, regularly reviewed, and aligned with external rules and internal standards.
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Advisory on emerging issues
When new rules or scenarios emerge, we provide expert input to help you select, justify, and document your reporting approach, ensuring your decisions hold up under scrutiny and are in line with industry best practices.
Let’s get started
Interested in learning more about how we can support your bank? Whether you have specific requirements or just want to explore our services further, we’re here to help. Please feel free to contact us, and one of our experts will get in touch to discuss your needs and how we can assist
We look forward to working with you!
Why choose us
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We understand the reporting standards in detail, from COREP and FINREP to PRA110 and leverage. We bring sharp, practical insight into how judgements and interpretations affect your capital and liquidity profile.
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We’ve supported UK banks through supervisory feedback, internal audit findings, and remediation programmes tied to reporting assumptions. We know how to make your governance credible and your documentation stand up to review.
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We deliver clear, actionable documents that you can integrate into your existing processes. Our work ensures your assumptions are no longer ad hoc, they’re documented, defensible, and reviewed.
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We tailor our services to fit your size and complexity. Whether you need a complete review or support for specific high-risk areas, we scale our approach to your needs.
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With our support, your reporting team, senior management, and board can speak confidently about the assumptions behind your numbers, and demonstrate that you’ve applied sound judgement, with clear governance every step of the way.