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1st April 2014

As of today, GABRIEL reporting system is ready to receive submissions for COREP and FINREP

If your firm is in-scope for CRD IV , COREP modules COR001 Own Funds & leverage and COR002 Large Exposures will already appear on your schedule, for the period 1st January to 31st March 2014, COR003 NSFR and COR004 LCR will appear for the period ending 31st March.

If you have any questions or haven’t yet selected a solution for your COREP/XBRL submissions, please, email our team of Reg-Xperts reginfo@vermeg.com

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1st April 2014

GFI Group selects Lombard Risk REPORTER for COREP / XBRL solution

Darryl Denyssen, Finance Director for EMEA at GFI Group says:

“Following the EU directive requiring FCA regulated firms to submit their prudential returns in XBRL format, GFI Group has chosen to partner with Lombard Risk in meeting this new requirement. We reviewed a number of potential solutions for XBRL reporting and firmly believe that Lombard Risk’s REPORTER offering was best suited to our needs. Along with being a highly cost effective offering, we were particularly impressed with Lombard Risk’s knowledge and experience in this field, along with their commitment to providing a high quality and personalised support service.”

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31st March 2014

The European Banking Authority (EBA) publishes final draft technical standards on prudent valuation

The European Banking Authority (EBA) has today published its final draft Regulatory Technical Standards (RTS) outlining the requirements related to prudent valuation adjustments of fair valued positions.

These final RTS have been developed in accordance with Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 (CRR) on prudential requirements for credit institutions and investment firms.

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31st March 2014

End of year 2013-2014

Finance announcement soon.

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28th March 2014

Are you in-scope for FINREP?

FINREP has 65 templates, not including dimensions, compared to COREP, which has 29 templates. A lot of highly granular data is required for FINREP returns, as is the flavour of today’s regulation: detail.

Everybody is concerned with meeting reporting deadlines and James Phillips highlighted the FINREP application, accounting reference and first and normal submission dates in a recent online event.

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