Regulatory reporting automation
The regulatory reporting automation project is a key transformational project for any bank and a successful implementation is essential to meet current and future regulatory requirements. As with any transformational project, based on the bank’s specific circumstances and objectives, the approach to automation has to be customised and should be fit-for-purpose. We can assist you through every step of this key transformational programme.
Regulatory reporting automation
How can we help you?
Katalysys has assisted a number of small- and medium-sized banks in automating their regulatory reporting process. We can assist in all aspects of the automation, and a few examples are listed below:-
Documenting the bank’s regulatory reporting requirements, which forms the basis for the automation by the third-party regulatory reporting software vendor
Review of the existing regulatory reporting process, and developing a strategy to automate the reporting process and establishing a suitable control environment
Review and testing of the reports produced by the regulatory reporting software (i.e. user acceptance testing)
Building tactical solutions to bridge the elements that cannot be fully automated using the bank’s existing regulatory reporting package
Extracting data from the bank’s core banking system, based on the structure and format required by the regulatory reporting software
Building data warehouse or data mart, enabling bank to build processes to enrich the data that are not available in the core banking system
Developing bespoke calculation engines for risk calculations, and feeding the results to XBRL generation packages like KPMG's K-Helix software