OVERVIEW
Common Reporting aims to increase transparency in regulatory reporting by increasing the granularity of data requirements. It applies to all credit institutions and investment firms operating in the EEA. The regulation requires these firms to follow the below mentioned five reporting templates for capital adequacy and capital requirements:
- Capital Adequacy
- Credit and Counterparty Credit Risk
- Group Solvency
- Market Risk
- Operational Risk
These reports have to be filed monthly and quarterly with the National Supervisory Authority.
Built on top of the BRSANALYTICS Core application, the BRSANALYTICS COREP Credit Risk Engine is a customisable and flexible tool which focuses on Stepped Approach to Credit Risk Calculations. This encompasses:
For COREP, the reports are developed based on customer needs and as part of the implementation. The BRS COREP scope covers credit risk and liquidity reports as required by the customer.
Contact one of our representatives for an appointment and we will be more than happy to answer any questions you may have.