Category Archives: Regulatory Reporting/Regulatory Compliance

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A Review of BCBS 239: Helping banks stay compliant

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The Basel Committee of Banking Supervision’s (BCBS) guiding principles, titled BCBS 239: Principles for Effective Risk Data Aggregation and Risk Reporting came into being in the aftermath of the 2008 Financial Crisis. The global financial crisis brought to the fore how banks’ information technology (IT) and data architectures were inadequate to deal with the management…

How can Banks keep up with changes in Regulatory Reporting?

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It’s a vicious cycle. The economic crisis caused by the financial downturn led to regulators coming up with new reporting requirements and changes in regulatory reporting formats. Financial institutions as well as banks are now finding it harder to cope with the different regulations. Why are banks struggling? Reporting and collating a constant stream of…

Regulatory Tsunami: Financial Pain Grips Banks

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As the regulatory juggernaut rolls on, the fines being currently meted out are just the tip of the iceberg. Analysts are predicting that more penalties are in store for foreign exchange manipulation and Libor-rigging; this would take the total fines levied on the banking industry above $300bn since 2010. As major institutional investors reevaluate their…