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COVID-19 - Regulatory Reporting

21st April 2020

VERMEG offers XBRL service free of charge during COVID-19 crisis By Andrew Kesbey, Global Head of Regulatory Product

As the UK lockdown continues as a result of the continuing COVID-19 situation, VERMEG is offering services free of charge to assist the financial community in this time of crisis. The first of these offerings is our XBRL Checker. The solution allows firms to upload XBRL output produced for the purposes of COREP, FINREP and […]

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14th April 2020

A View on the CARE Act & Interagency Statement by US Regulatory Agencies By Paul Baik, Regulatory Enablement Manager - Americas

The impact of the coronavirus is everywhere, including the regulatory reporting world. Aside from the challenges for institutions of making sure that filings are made accurately and on-time with more people working remotely than ever before, the regulatory agencies themselves have had to work to clarify the impact of the Coronavirus Aid, Relief, and Economic Security […]

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New-Reg-6th-April

6th April 2020

FCA and PRA provide flexibility on Senior Managers & Certification Regime for dual regulated firms in response to the Covid-19 pandemic

On Friday 3rd April, the FCA and PRA issued a joint statement outlining their expectations of dual regulated firms regarding the Senior Managers and Certification Regime (SM&CR), and how a firm’s governance procedures may be impacted by coronavirus (Covid-19). It is clear the FCA and PRA are keen to provide flexibility to dual regulated firms […]

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2nd April 2020

PRA Extends Reporting Deadlines to Ease Pressure on Firms

The PRA has issued a statement regarding its approach to regulatory reporting and Pillar 3 disclosures in response to COVID-19 for UK banks, building societies, designated investments and credit unions. The PRA will accept delayed submission for regulatory reporting where the original remittance deadlines fall on or before 31st May 2020.  The list of reports […]

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30th March 2020

A Window of Opportunity

2020: the year to reset your regulatory reporting foundations?  How about some focus on data gathering, data quality, operating processes and mitigating key person risks for regulatory reporting? Before Basel III finalisation (a.k.a. Basel 3.1 or Basel IV)… A few weeks ago, I’d been planning to focus this article on what firms could do to […]

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