ALMIS® International can provide you with a comprehensive solution to meet the demands of regulatory reporting for COREP and FINREP.
ALMIS® International provides a full CRD IV submission system, with the option to calculate reports directly from a firm’s balance sheet. Our system can provide a complete solution to all the requirements of CRD IV and has the flexibility to deliver on specific elements that your organisation requires.
The ALMIS® Regulatory Reporting Module provides a fast and flexible method of completing COREP and FINREP reporting, offering both full automatic calculation and spreadsheet integration.
Users of the regulatory reporting module have two options:
1. Input only option – transforms data held from spreadsheets into XBRL.
2. A full calculation option – produces the reports directly from your source systems.
The ALMIS® system has been comprehensively developed and extensively tested, making it a reliable, effective and time saving solution to reporting. ALMIS® is supported by a team of ALM experts and software engineers and is updated to ensure it meets all regulatory changes.
The benefits of using the ALMIS® system for regulatory reporting include:
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Reduced pressure on finance department through seamless automation of regulatory returns which are consistent across regulation and ALCO reporting
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PRA Reporting through XML to the PRA/FCA’s Gabriel System
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COREP Reporting through XBRL to the PRA/FCA’s Gabriel System
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Bank of England Reporting using XML to the Bank of England’s OSCA system
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Easy to use with Audit trails
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Full validation as is done on the Regulatory Systems, including cross validation between the reports
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Automatic calculation on totals and listing of calculations on cells
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Segregation of Editing, Reviewing and Submission roles
Our team of ALM experts, software engineers and system integrators understand the changing regulatory landscape and provide a flexible, forward-looking system that enables you to achieve regulatory compliance with minimum disruption to your business.
With over 50 banking clients and over 60% of the UK Building Society market, ALMIS® International are a UK market leader for regulatory reporting systems for UK banking firms.
For more information on how the ALMIS® solution can work for you, contact Cecilia Mueller on 0131 4528898 or email [email protected]
