CRD4 and SRB Reporting
Generate EBA CRD4 and SRB reports in XBRL with our simple and effective software tools.
CRD4 and SRB Background
In 2013, the EU introduced the so-called CRD IV package comprising Directive 2013/36/EU and Regulation (EU) N° 575/2013. This is the third set of amendments to the original banking directive (CRD), following two earlier sets of revisions adopted by the Commission in 2008 (CRD II) and 2009 (CRD III).
During the financial crisis many banks were vulnerable because the quality and quantity of their capital reserves was insufficient and insufficient short- and long-term liquidity
As a result, national governments had to give unprecedented financial support to the banking sector.
The current rules aim to prevent this in the future by setting stronger prudential requirements for banks, requiring them to keep sufficient liquidity and capital reserves.
OUR PRODUCTS COMPATIBLE CRD4 and SRB
XT Portal
XBRL Toolkit
CRD4 and SRB Challenge
Europe’s CRD IV regime will substantially increase reporting requirements for banks in europe, but will also enable firms to report more efficiently in future.
At the same time, the overhaul is prompting firms to think about centralising and standardising data, which is also the cue for a rigorous evaluation of the technology used to support firms’ data strategies.
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OUR CRD4 and SRB Solution
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 CRD4 and SRB APPROACH
Pre-Mapped Templates
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.
Error identification
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
Flexible Deployment
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).