CoRep, Derivatives & Pillar 3 Reporting - conovus - Beratung für Banken und Finanzdienstleister
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CoRep, Derivatives & Pillar 3 Reporting

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CoRep, Derivatives & Pillar 3 Reporting for an international Bank

Project Scope:

  • Replacement and redesign of the derivative reporting process for Risk Reports, OTC Derivative Statistics (BIS) including CDS Reporting and Recovery and Resolution Plans (RRP)
  • Further development and adaptation of the COREP report in accordance with the regulatory changes and the requirements of the Group holding company
  • Assistance in preparing the disclosure report (Pillar 3)
  • Second Level Control with regard to the credit risk reports of subsidiaries
  • Report of the market risk for the banking group to supervision and group holding

Project Results:

  • Successful implementation of a new, largely automated derivative reporting process, the operational risk of creation was greatly reduced by automated database queries and data aggregation, the cost of creating the appropriate reports by a factor of 5 reduced
  • Delivery of a correct COREP message based on current requirements to the supervisor and the holding within the given deadlines
  • Determination, comparison and processing of credit risk and market risk figures

Customer Value:

  • As part of the derivatives reporting, the data source was converted to a new technical platform so that the previous data source can be “switched off”
  • The redesign meant a significant reduction in the effort required to create derivative portfolios for the client. Especially in time-critical periods in the context of semi-annual and annual financial statements, this means additional free resources for other theses
  • The error-prone nature of various reports has been reduced by automation processes that were previously time-consuming manual

Reporting & Supervision