The Last Mile of CRD4 and SRB Reporting
Generate EBA CRD4 and SRB reports in XBRL with our simple and
effective software tools.
Regulatory reporting requirements for the banking sector continue to rise
The EU Capital Requirement Directive (CRD) and Capital Requirements Regulation (CRR) requires banks to provide a range of regulatory reports to European Banking Supervisors. The scope and depth of these data requirements continue to evolve and develop, hence, banks face the challenge of completing the reports in a timely and efficient manner while the reporting frameworks change underneath them.
Adopting XBRL to Manage the Reporting Process
The EU has adopted the XBRL standard as a way of publishing the technical requirements about what needs to be reported and how to ensure that the data is to be checked. The European Banking Authority (EBA), the Single Resolution Board (SRB) and the European Central Bank (ECB) have each published XBRL Taxonomies for their specific regulatory framework and regulated firms.
Local Central Banks or National Competent Authorities (NCAs), such as the Bank of England (UK FCA), Banque de France and the Central Bank of Ireland have also published their own National Specific Taxonomies (NSTs) which provide additional data to meet local regulatory requirements.
The adoption of XBRL is continuing apace as new reports and existing frameworks are converted into this single format. This offers regulators a single data platform through which to manage reporting frameworks and enables reporting firms to optimise and automate their reporting processes.
Simple and effective XBRL conversion
Adopting the right XBRL software to support the CRDIV and SRB frameworks, plus any local NSTs is a key element to any successful regulatory reporting framework for banks. The challenge is that these systems can be complicated and hard to manage and that too much time is spent on updating reporting systems when new regulations are published, or it is difficult to identify and fix any compliance errors when reporting deadlines are tight.
UBPartner’s flexible template approach and taxonomy management interface embedded in the XBRL Toolkit (XT) enables new taxonomy versions and modules to be implemented quickly and easily, while the summary and detailed validation reports combined with the ability to highlight errors in the templates enable you to fix compliance issues fast.
Our solution offers pre-mapped Excel-based templates and the tools to convert and validate them into XBRL. As the compliance rules change, you will have access to the most up-to-date templates.
The UBPartner tools are based upon a powerful and fully certified XBRL Processing Engine, yet simple User reports to help track down errors quickly and efficiently. Thus reducing time and costs
Our XBRL Toolkit can be deployed on a desktop system via an Excel Add-in, on a local server using the XT Portal interface or by embedding the SDK in an existing application, plus it can be accessed via the XT Cloud Service (SAAS).
Want a closer look at the technology?
UBPartner’s XBRL Toolkit (XT) makes XBRL reporting simple and easy to update as the requirements change. It also delivers a range of options as to how to deploy the powerful range of XBRL software tools: