Welcome to BRSANALYTICS
The BRSANALYTICS banking solutions portfolio addresses the regulatory reporting requirements of financial institutions by systematically gathering the required data for statistical and supervisory reports with minimal manual intervention.
We provide a standard engine that has been developed and refined over several years. This application can be deployed in any financial institution no matter where it is located and bespoke regulatory reporting packages are developed to address the specific requirements of various regulators.
The increased focus on regulatory reporting by many of the world’s banking regulators has increased pressure on financial institutions to provide timely statistical data to ensure compliance. Ultimately, regulation subjects institutions to certain standards, including reporting requirements, restrictions and guidelines with the intent of maintaining standardised practices across these industries. The need for these regulations finds its root in the interconnectedness of banking and credit institutions and the reliance that national and global economies have on these institutions.
While each National Central Bank (NCB) has different reporting requirements, all involve the common challenge of compiling the data. BRSANALYTICS addresses this often manual, lengthy and time consuming process. BRSANALYTICS brings in data from all the bank’s legacy systems and other data sources and consolidates it so that it automatically produces the data in the format required by the regulator (such as excel sheets and XBRL). More importantly, BRSANALYTICS gives a breakdown of the computed figures thus enabling the analysis of trends and patterns in customer behaviour, areas of growth and profitability, risk management reporting and strengthening competitive advantage amongst others.
We are proud to announce the release of the FINREP BRSANALYTICS Package. Similar to the BR06 Package, the FINREP pack automates the FINREP returns by automatically collecting data and populating over 34 returns.
Basel lll, on track to be implemented globally over the coming year, intends on enhancing the banking regulatory framework by strengthening bank capital requirements. Overall, Islamic banks appear to be capable of withstanding the regulatory realignments, yet they will need to address particularities within the new standards as they may cause adverse effects on their deposit bases.
For the second consecutive year, BRSANALYTICS and partners Synergy Software Systems will be exhibiting from Stand D7-10 at Gitex Technology Week in Dubai between the 12th and 16th October.
26th June 2014, Brussels: The European Banking Authority (EBA) has just released a consultation paper pertaining to the sequential approach of the Internal Ratings-Based (IRB) approach to capital requirements for credit risk. This paper also covers the limited permanent use under the Standardised Approach (SA) (Articles 148 (6), 150 (3) and 152 (5) of the..
Press Release by H.E. the Governor of the Central Bank of Kuwait Regarding Implementation of the Instructions of Basel III Capital Adequacy Standard in its Final Format to All Local Banks (24/6/2014)
The Basel Committee regularly publishes papers - on the way Basel is implemented within the various member jurisdictions across the globe. This implementation looks at Basel II,largely concentrated around the improvement of Credit Risk, Operational Risk, Pillar 2 Supervisory and Pillar 3 Disclosures, Basel II.5,pertaining mostly to Securitisation and Trading Book Exposures, and Basel III,..