The European Banking Authority (EBA) introduced the Capital Requirements Directive IV (CRD IV), aimed at ensuring financial transparency across the European Economic Area (EEA).

The directive covers banks, building societies and investment firms. The two integrated Common Reporting (COREP) and Financial Reporting (FINREP) requirements introduced impose significant demands on those institutions covered by the regulation.

Watch a recording of Legerity's Meet the Experts with a special focus on FINREP/COREP alignment with Steve Jones, Lead Consultant at Legerity.

Questions answered by the experts:

  • What do you think is the biggest challenge that financial institutions are presented with as a result of having to meet the FINREP and COREP reporting requirements?
  • What is required to help organisations meet these requirements?
  • The granular nature of the balances that would be required to meet the FINREP and COREP reporting requirements
  • How do you ensure the integrity of the data across the accounting and Contract level data held within the Banking Data Model?
  • Several organisations will already have reporting solutions that can cater for the FINREP and COREP reporting requirements, so how does FastPost integrate with those applications?
  • Regrading reporting, how do you deal with financial and non-financial data?
  • How would a business meet the audit and control requirements relating to the reported values?