Regulatory reporting

Regulatory reporting is the preparation and submission of reports and information that an organization must provide to regulators or other authorized institutions. The scope, format, deadlines and methodology are governed by the relevant legislation and supervisory requirements.

How regulatory reporting works

The process usually includes obtaining data from relevant systems, checking and consolidating it, calculating according to the prescribed methodology, compiling the report and approving or submitting it. It is essential to document the origin of the data, keep an audit trail and be able to explain any corrections.

What to watch out for

Regulatory reporting must not be confused with ordinary management reporting. It has precisely defined definitions and rules, which can change. Automation helps reduce manual re-keying, but it does not replace expert review or responsibility for the correctness of the report.

Regulatory reporting and data

Unified data sources, clear responsibilities and documented transformation steps increase the reliability of reports. Specific regulatory requirements must always be verified against the applicable legislation.