Regulatory Body

Requirement

Solution

United Kingdom

Financial Services Authority (FSA) & Bank of England (BoE)

The Bank of England collects the data needed to help HM Treasury to manage the UK's economy, and facilitates the Financial Services Authority's ability to execute their supervisory role.

Deposit takers, principal position takers and other firms must comply with the new capital standards required by Basel II, as well as the FSAs Integrated Regulatory Reporting requirements.

In addition, statistical reports still have to be computed and sent to the BoE in another electronic format.

STB-Reporter has been the leading product for regulatory reporting in the UK for some time.

STB-Reporter supports all standard bank returns to the FSA and BoE, as well as Integrated Regulatory Reporting (IRR) with new forms such as the PSD, RMAR and MLAR and Basel II reports.

STB fully supports the move to Mandatory Electronic Reporting and XML and XBRL as this becomes more widely adopted.

Complete return and cross-return validation is performed for you, allowing you to adjust any mistakes. And full BEERS transmission is included so all figures are sent directly to the Bank of England.

Her Majesty's Revenue and Customs (HMRC)

HMRC Reporting (TMA 1970 Section 17/18) & EU Savings Directive (EUSD).

The HM Revenue & Customs (HMRC) Section 17 report for interest earned and tax deducted, requires institutions to report not only UK resident customers, but also those customers resident in some other Fully Reportable Countries.

The European Directive on the Taxation of Savings [known as the European Union Savings Directive, EUSD] came into effect on 1 July 2005. This was a delayed start from the originally planned implementation, but it still has an effect on your HM Revenue & Customs (HMRC) Section 17/18 reporting [1970 Taxes Management Act (TMA)].

STB-TaxMan has been the leading product for HM Revenue & Customs (HMRC) returns of interest reporting in the UK for some time - with support for the EU Savings Directive (EUSD) reporting requirements as well. As an option, STB-TaxMan will generate customer statements of interest paid and tax deducted for you.

Lombard Risk is the only vendor in the UK with a regulatory reporting solution, STB-Reporter, for the FSA and Bank of England that is used by wholly Shariah compliant banks.

Some of the principal Islamic banking products supported by STB-Reporter include:

• Commodity murabaha
• Ijara leasing agreements
• Murabaha transactions

Ireland

Irish Financial Services Regulatory Authority (IFSRA) [the Regulator] Central Bank of Ireland (CBI)

The CBI and IFSRA, in order to collect the data needed to help manage the economy, and to execute their supervisory role, require banks to submit statistical and supervisory reports in electronic format. These include the COREP and FINREP reports as of course Eire is an active EU member.

STB-Reporter massively reduces the amount of time spent compiling reports and by completely automating the process, eliminates errors associated with unwieldy paper or spreadsheet-based audit trails.

STB-Reporter takes relevant data from a client's source systems, so interfacing is easy - wherever you hold the data, we will take it just as it is - one file or many. We can acquire the data from any industry-standard database, or you can give us simple ASCII or CSV feeds containing any field length, format, or order.

Luxembourg

Banque Centrale du Luxembourg (BCL) and Commission de Surveillance du Secteur Financier (CSSF) Reporting

Changing regulatory requirements from the BCL and CSSF dictate that banks require more sophisticated reporting. Luxembourg banks also have to meet EU reporting standards and formats such as those required for COREP & FINREP.

STB-Reporter offers the highest level of automation and functionality available today, covering all areas of BCL and CSSF regulatory reporting, whether you are an overseas branch, or a locally incorporated domestic or subsidiary institution.

South Africa

South African Reserve Bank (SARB)

Banks are experiencing major changes for Basel II, with new SARB reporting requirements. Replacement forms for the current series are now published all prefixed "BA".

STB-Reporter In just a few clicks a Bank can compute all values for SARB reporting including analysis of deposits, loans, balance sheet and sectoral analyses, country and currency exposures, inward and outward investments, transactions with non-residents, effective interest rates, derivatives and securities transactions, profit and loss reporting and more.

STB-Reporter also provides the ideal reporting environment for management Systems and Controls purposes and may be deployed for liquidity stress testing and other management information purposes. All information is fully auditable with industry-leading double click drill downs, validations and electronic output to the Banks current standard.

Regulatory Body

Requirement

Solution

China Banking Regulatory Commission (CBRC)

Chinese banking regulators recently announced that the new Basel Accord, Basel II, will be implemented for selected banks in 2010. The China Bank Regulatory Commission (CBRC) said that Basel II will be carried out by some Chinese banks with a large number of overseas branches between 2010 and 2012.

STB-Reporter fully supports reporting for the CBRC and with a full service development centre in Shanghai.

Hong Kong Monetary Authority (HKMA) and Hong Kong Deposit Protection Board Reporting

Changing requirements from the HKMA and Basel II reporting requirements.

STB-Reporter supports regulatory reporting to the Hong Kong Monetary Authority and other regulatory bodies.

Monetary Authority of Singapore (MAS)

Changing requirements from the MAS and Basel II reporting requirements.

STB-Reporter supports regulatory reporting to the Monetary Authority of Singapore and other regulatory bodies.

Full electronic outputs in appropriate formats such as MASNET to the MAS are included.

Bank Indonesia Reporting

Keeping up with Bank Indonesia regulatory reporting requirements for SID, LHBU, LKPBU and other new initiatives such as Basel II. LHBU reporting includes daily reporting which considerably increases the difficulty of gathering accurate data in a timely manner.

STB-Reporter supports Bank Indonesia computation and reporting requirements, with a flexible approach to automation of, not just LHBU, but the full Bank Indonesia reporting requirement. The solution is suitable for the reporting of remote branches across the country including the daily business data required to fully compute the reports required by Bank Indonesia.

All supervisory computations are supported including capital adequacy (Basel II will be included too), daily reporting (LHBU) and the full range of extensive reports (such as SID).

Regulatory Body

Requirement

Solution

Federal Reserve Board (FRB)

Office of the Comptroller of the Currency (OCC)

Office of Thrift Supervision (OTS)

Office of Management and Budget (OMB)

Federal Deposit Insurance Corporation (FDIC)

Federal Financial Institutions Examination Council (FFIEC)

Changes arising from Basel II with the second capital accord, and the ongoing and recent changes to the Call Report and the TIC reports.

STB-Reporter supports regulatory reporting to the Federal Reserve, the Department of Commerce, local State Banks and other regulatory bodies.

Full support for all overseas and domestic institutions, including Broker Dealer regulatory reporting requirements.

Basel II reporting requirements are catered for with a system proven in other regions for Basel II.

STB-Reporter from Lombard Risk is identified on the Federal Reserve's website as a recognized provider of Report Preparation Software and of course Internet Electronic Submission (IESUB) functionality. Further information on IESUB can be found by visiting the Federal Reserve's website http://www.ny.frb.org/ or http://www.reportingandreserves.org/iesub.html

Cayman Islands Monetary Authority (CIMA)

Online reporting challenges and increased regulatory scrutiny.

STB-Reporter has full support for Cayman Islands reporting.