ALMIS® International are delighted to report that at this early stage ten firms have now committed to using ALMIS® for COREP. The new COREP regulations have been a real concern for banks and building societies because for many it will be the first time they have to produce reports in XBRL format. Further confusion is caused due to delays in finalising both the regulations themselves and the detailed taxonomy.
As one of our clients described:
“ALMIS® International was on the ball understanding the regulations, even predicting the latest delay and with their particularly large client base and highly cost effective solution they were the obvious choice for COREP”.
Many clients value the seamless integration with existing capital, liquidity and interest rate risk reporting and forecasting, whilst new ALMIS® clients like the simplicity of being able to use the easy to set up ‘input only’ version.
For more information on the ALMIS® solution for CRD IV (COREP/FINREP) reporting, click here. If you would like to arrange a demonstration, click here.
