The introduction of CRD IV/CRR, with new reporting areas and extended national guidelines, requires additional resources for setting up processes for generating regulatory reports. Yet, at the same time, the budgets available for reporting are limited. Further costs are already foreseeable, for example, in the million loans reporting regime area, as the reporting threshold has been lowered and three exemptions in the definition of what constitutes a loan have been withdrawn.
True data quality means lower expenditure - and this is feasible!
Our experience shows that focusing on improving data quality is a key factor that is pertinent to curbing additional expenditure in the reporting system. Here, we precisely analyse the report generation processes and we define quality targets for both data and reports. In this way we are able to significantly reduce the costs per report and, at least partially, compensate for the extra expense of additional or extended reporting. Furthermore, we review the activities that are involved in report generation and we identify what has evolved organically over the course of years and evaluate its contribution to target achievement. Experience has shown that here, too, there is latent potential, which can be identified externally by a qualified professional and then realised.
- We carry out an 'as is' analysis and we identify starting points for optimisation.
- Our wide-ranging expert knowledge facilitates the additional involvement of SKS specialists for specific reporting areas and special topics.
- You will benefit from our best practice approach, which has been developed on the basis of several reference projects.
Please contact us!
SKS stands for expertise in the area of business process management combined with long-standing experience in providing consulting services to financial institutions as well as in-depth knowledge of the subject matter in the area of regulatory reporting.