In response to the changes in regulatory reporting, ALMIS® International is pleased to announce the update to the current Regulatory Reporting module which includes CRD IV (COREP/FINREP) reporting.

The CRD IV consists of the Capital Requirements Directive (CRD), the Capital Requirements Regulation (CRR) and also reflects the Basel III capital proposals. The European wide regulation also includes new regulatory reporting requirements; Common Reporting (COREP) and Financial Reporting (FINREP), these reports will be required to be submitted in XBRL format.

The changes were initially due to be implemented from 1 January 2013 but have now been delayed. In accordance with the FSA statement released 1st August 2012 banks will now be expected to have the capability to submit these reports to the FSA from 1st July 2013.

This latest update to the regulatory reporting module strengthens ALMIS® International’s commitment to ensuring that the ALMIS® system is future proof and offers firms who are not currently using this module, a quick, easy and cost effective solution to this new regulation.

To view more information on the update to the ALMIS® Regulatory Reporting Module, click here.

If you require any more information on ALMIS® International or the update to the Regulatory Reporting Module, please do not hesitate in contacting us on [email protected]