Category: Regulatory Reporting

ALMIS® sign their first 10 firms to COREP module

Posted on by Julie Duncan

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.

ALMIS® Regulatory Reporting Module: CRD IV Reporting Capability

Posted on by Julie Duncan

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]

ALMIS® offers COREP / FINREP (CRD IV) capability

Posted on by Julie Duncan

ALMIS® International announces today that they are releasing COREP / FINREP (CRD IV) capability into their regulatory reporting module.

Next year, Banks and Building Societies across Europe will have no choice but to submit returns automatically using XBRL and this could result in significant system developmments. ALMIS® software can provide the capability to both produce and submit COREP/FINREP XBRL documents.

This latest update to our regularory reporting module strengthens our commitment to ensuring ALMIS® is future proof, and offers Firms who are not currently using this module, a quick, easy and cost effective solution to this new regulation.

For further information please contact our dedicated team at [email protected]