Following various discussions with credit institutions about the reporting burden that the additional supervisory data quality checks (EGDQ) performed by the MFSA are having on credit institutions, BRSANALYTICS released this new module to address EGDQ checks.
Since the MFSA’s adoption, these are proving to be cumbersome and problematic for institutions which do not have in-house to check reports prior to the submission to the regulator.
The new BRSANALYTICS EGDQ module:
Integrates with the BRSANALYTICS Platform’s Excel Toolbar
Accepts an XBRL file for analysis and validation aligned with the list of additional checks published by the EBA (which will be kept updated)
Allows dependent XBRL file selection for cross XBRL file checks
Provides a report with validations that trigger warnings or errors based on the validation requirements prior to submission to the regulator
Additional information on the new EGDQ validation requirements from the EBA may be found here: https://www.bankingsupervision.europa.eu/banking/approach/dataqualitychecks/html/index.en.html
Contact one of our representatives for an appointment and we will be more than happy to answer any questions you may have.