Financial institutions are required to report to the regulator frequently. Delivered reports are e.g. COREP, FINREP for Banking and Solvency reports for Insurance. Regulatory reports have a few annoying features: they are expensive to make and the requirements are changing continuously. Suppliers of packages for regulatory reporting find it difficult to follow the changing demands. Financial institutions must make large investments in order to continue meeting the requirements. Good reasons to look for an efficient solution.
The solution
DEX Data Explorers has developed DEX Regulatory Suite. DEX RS stores all report-lay-outs in a database and generates regulatory reports using the stored lay-outs. DEX RS selects the correct version of the model and meets the reporting requirements based on theregulatorspecifications. DEX RS generates XBRL conform the regulator standards.
DEX Regulatory Suite supports the following regulations:
. CRD iv (COREP, FINREP, Funding Plans, Asset Encumbrance, Supervisory Benchmarking Portfolio)
. AnaCredit
. Residential Real Estate
. Deposit Guarantee Scheme
. MIFID ii
. Social Economic Reports
. Dutch Digital Reporting (DRA)
. Solvency
. Financieel Toetsings Kader
Always compliant
DEX RS generates statutory reports based on the latest guidelines provided by the regulator. Therefore, the reports are always compliant and conform the latest standards.
High quality
DEX RS gives additional information about the displayed data using the regulator specifications. Detailed information is given on the results of the validation rules so that errors can easily be analyzed. This helps you in checking your reports and achieving the highest quality in reporting.
Support in analysing information needs
Analysing the required information and mapping your own data to the data elements in the reports is a large and complex task. DEX RS analyses what the information needs for a set of reports are and gives you the capability to map your own data elements to the regulator data model.
Advantages of DEX Regulatory Suite
- Complete reports generated according to the latest standards.
- Interface generation in accordance with the standards of the regulator.
- Always compliant with the regulator requirements.
- Analysis tools for mapping of own data sets with the regulator model.
- Automatically generated documentation.
- Automatic validation of results from other packages of custom-made solutions.
Contact Addition Knowledge House B.V. or DEX Data Explorers for more details on DEX Regulatory Suite, or visit dexregulatorysuite.nl
Addition Knowledge House
We sell and implement the DEX Regulatory Suite. In addition, we arrange the hosting, helpdesk, training and application management. AKH is ISAE3402 Type II certified