Key activities
Your bank’s regulatory reports, such as COREP, FINREP, PRA110, BoE Statistical Returns, and other PRA/FCA templates, form the basis of how supervisors assess your capital adequacy, liquidity position, and risk profile. These reports must be complete, accurate, and consistent with the underlying financial and risk data. Any errors, inconsistencies, or misinterpretations can lead to supervisory scrutiny, increased capital and liquidity requirements, or formal remediation action.
The PRA expects banks to have robust internal controls, ownership structures, and documentation to support each submission. Regulatory reporting is not simply a data reporting exercise, it is a regulated activity requiring the same rigour, oversight, and accountability as financial reporting.
To help ensure your regulatory reporting meets supervisory expectations and industry best practice, we offer a comprehensive review and assurance service model:
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We begin with a clear-sighted evaluation of your reporting environment. We review your key prudential returns, such as COREP, FINREP, PRA110, and assess your end-to-end reporting process. We identify where errors, inconsistencies, or workarounds might be introducing reporting risk.
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Next, we dig into the controls, assumptions, and governance supporting your submissions. We test data lineage, trace calculations, and evaluate ownership across first and second lines of defence. We assess whether your reporting meets the PRA’s expectations for accuracy, traceability, and control.
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We perform detailed checks across key returns, validating the numbers, interpretations, and supporting evidence. We flag any issues and provide actionable recommendations. Our work gives your senior team assurance that reporting is complete, accurate, and regulator-ready.
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We go beyond review. We help you enhance reporting controls, clarify documentation, and strengthen governance. Whether you’re preparing for a Skilled Person review, addressing regulatory feedback, or simply want peace of mind, our support ensures your reporting stands up to scrutiny.
What we offer
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End-to-end review
We conduct a thorough assessment of your reporting framework, from data sourcing to submission. We highlight risks and recommend improvements across controls, governance, and compliance.
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Targeted support
You may need help with specific returns, such as PRA110 liquidity submissions or COREP capital templates. We offer modular services to review and validate what matters most to your business.
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Pre- and post-submission assurance
Whether you want assurance before making a key submission, or need an independent review after the fact, we adapt to your timeline. We also support remediation of regulator feedback and validation of historical issues.
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 bring deep familiarity with PRA and FCA reporting rules. We understand the letter and intent behind the regulation, and translate that into practical advice tailored for your firm.
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We’ve worked with many UK banks on reporting challenges, from late submissions and validation failures to end-to-end control enhancements. We know what works and what the regulator expects to see.
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Our clients value our ability to deliver right-sized solutions. We work within your resources and operating model to strengthen reporting processes without unnecessary complexity.
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We bring an independent perspective that’s hard to achieve internally. We test assumptions, identify blind spots, and give your management team clear, actionable feedback.
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We don’t just review returns, we help you build sustainable processes. Our work equips your teams with better controls, clearer documentation, and improved ownership, reducing reporting risk over time.