The creation of internal performance indicators and regulatory reports; Data quality control, the creation of indicators, their analysis and return to the regulator or the appropriate teams at the bank; Major projects such as the development of a Financial Risk and Liquidity Information System.

What is regulatory reporting in India?

Starting with Basel II Return (more commonly known as RCA2), Form A & financial reports,all returns submitted to the RBI will be progressively be migrated into the XBRL reporting structure. …

What is regulatory reporting Quora?

When you say regulatory reporting it means Compliance in banking terminology ,each bank has one Chief compliance officer which supersedes all department heads and a consolidated report has to be submitted by branch >>Regional Office>>Corporate Office>>Compliance/Inspection & Audit department>>RBI.

What is risk and regulatory reporting?

Global Risk and Regulatory Reporting (GRR) Dashboards for compliance monitoring and improved risk management. Provides a comprehensive framework for monitoring multiple business areas like Customer accounts, Banking transactions. Enables quick & informed decision-making with near real-time data in multiple dimensions.

What comes under regulatory reporting?

‘Regulatory reporting’ is the submission of raw or summary data needed by regulators to evaluate a bank’s operations and its overall health, thereby determining the status of compliance with applicable regulatory provisions.

Is regulatory reporting a good job?

Career progression The role provides excellent exposure to all areas of the bank, including product control, financial control, treasury, operations, IT, front office, legal and credit risk. As such, it is a good entry route into financial services.

What is emir reporting requirements?

EMIR requires the reporting of all derivatives, whether OTC or exchange traded, to a trade repository. EMIR covers entities that qualify for derivative contracts in regards to interest rate, equity, foreign exchange, or credit and commodity derivatives.

What is the reporting timeline for Susar in India?

LENIENT REPORTING TIMELINE FOR SERIOUS ADVERSE EVENTS As per Schedule Y, all unexpected serious AEs are to be reported from site to its EC within 7 working days,[2] while globally the timeline for reporting fatal/life-threatening SUSAR to regulatory agencies is 7 calendar days.

What is regulatory business analyst?

Business Analysts: Do You Understand Your Regulatory Environment? Developing a foundational understanding of your organization’s regulatory environment through research and discussions with key stakeholders will help you develop clear, complete compliance requirements as efficiently as possible.

What are examples of regulatory risk?

Compliance risk, also referred to as regulatory risk, is the risk arising from violations of laws, rules or regulations, or from noncompliance with internal policies or procedures or with the organization’s business standards….Transaction Risk.

• Inadequate capacity.
• Technological failure.
• Human error.
• Fraud.

  Where does regulatory reporting go in an organisation?

  To date, regulatory reporting has sat on the side-line of financial and risk control in many organisations. The pace and scale of regulatory activity now means regulatory reporting has to be put at the heart of what you do.

  What’s the difference between financial and regulatory reporting?

  Financial reporting forms the basis for regulatory reporting. The main difference between financial reporting and regulatory reporting is the audience: whereas financial reporting is mainly targeted towards investors and creditors, the main addressees of regulatory reporting are banking supervisors.

  How does regulatory reporting differ from internal business line controls?

  Regulatory reporting is based on legal entities This may differ from internal business line controls and measurements The more complex a firm, the more difficult it is to report by legal entity Accountability becomes difficult to identify 5 8 Pitfalls Regulatory reporting viewed as back office process

  Why do banks need to report to regulators?

  This data allows the Regulator to evaluate a bank’s compliance with regulatory requirements, ensure that operations are in good health and rein in any dishonesty. There are differing regulatory reports, and what is required will depend on a firm’s level of returns.