Report Authority

CRD IV Reporting

RA

The EU Parliament’s Capital Requirements Regulation (CRR) and fourth edition Capital Requirements Directive (CRD IV) is a European-wide reporting package prescribed into EU law. Effective from 1 January 2014, it requires credit institutions and investment firms to file a range of detailed monthly, quarterly and yearly information to their local National Supervisory Authorities (NSAs).

Institutions required to comply with the new arrangements will need to provide increased amounts of data, more frequently, more quickly and in many cases the local requirement is to file in the XBRL format.

Reporting and Submission

Report Authority contains dedicated data point modelling functionality and imbedded XBRL to produce valid submissions for filing with the gateways of each of the 32 EEA member state National Supervisory Authorities.

Report Authority supports the 5 conceptual reporting modules: – (i) own funds and leverage, (ii) large exposures, (iii) liquidity coverage ratio, and (iv) net stable funding ratio for Common Reporting (COREP) and (v) Financial Reporting (FINREP), reported as individual/solo or consolidated groups.

Integration with Source Data

Report Authority can be used in conjunction with the Excel reporting templates issued by the EBA as a simple XBRL collection and conversion tool. Alternatively, Report Authority facilitates a fully integrated solution with direct links to other data sources:

  • Excel Report Authority links automatically to your prefilled EBA reporting templates. In addition, it can also map to any combination of Excel calculations workbooks of trial balances and maintain these mappings across multiple entities or when rolling into new periods.
  • Oracle Hyperion EPM products. For thousands of companies globally, Oracle’s Hyperion EPM products are the de facto standard for data collection, validation and management, regulatory and compliance reporting. The Report Authority software contains functionality to link dynamically to these products.

Regulatory Reporting Expertise

AMOSCA offers expertise in regulatory reporting provided by consultants with Big 4 backgrounds, leadership roles in the XBRL International Consortium and advisors to EBA, UK FCA and other NSA’s.

CRD IV flags

Current EEA National Supervisory Authorities requiring submissions under the CRD IV Directive

Functional Overview

Ease of Use

Report Authority was designed by business users to support the regulatory reporting process without the addition of unfamiliar and technical concepts that dominate XBRL- specialised tools

  • Ordinarily complex connections incorporating multiple HFM or Essbase dimension members can be created using a single drag and drop action
  • Easy, quick and intuitive interface using wizards and resizable and dockable panels for arranging the GUI to the task at hand

Rapid Implementation

  • Report Authority automatically generates XBRL-tagged tables using the taxonomies supplied by the EBA
  • Data points can be linked to source data using a simple and intuitive drag and drop interface
  • Data adaptors can be easily replicated and modified to each dimensional instance of that table

Powerful Data Connection Capabilities

  • A set of tables can be linked to multiple data sources including Excel, Oracle HFM and Essbase
  • Report Authority uses live metadata extracted from HFM and Essbase each time a set of tables is opened
  • Reports for Solo / Consolidated, different periods and currencies can be generated by changing the point of view
  • Source values can be scaled appropriately with functionality to automatically detect and correct rounding differences

Comprehensive Validation

  • Report Authority incorporates all validation rules included in the taxonomies ensuring acceptance at the Supervisory Authority’s gateway
  • These can be supplemented by user-defined custom rules to account for entity-specific circumstances
  • Taxonomy and custom rules together generate interactive and easy to understand messages
  • Selecting validation failures will automatically select the problem table and data point

Low Maintenance

  • A set of templates can be reused in future periods by simply updating the source data or changing the point of view
  • New tables are instantly and accurately generated from updated taxonomies
  • Existing data mappings are automatically migrated to tables based on new taxonomies

Visit www.reportauthority.com for more information