Balance of payments implemented

//Balance of payments implemented

Balance of payments implemented

Having grown and developed both in terms of the BRS application itself, as well as in terms of insight gained into the banks’ regulatory reporting needs, the BRS team is proud to announce it has now also incorporated The Balance of Payments (BOP) Reports into the BRS System, just nine months after the newly appointed regulatory requirement was identified and issued by the ECB.

This series of new statistical returns for Investment Funds and Insurance and Reinsurance Licence holders, finalized for implementation last January following new ECB requirements, incorporates the requirements of ECB Guideline 2007/3 and EC Regulation 184/2005 relating to Balance of Payments.

By | 2017-07-21T14:01:41+00:00 November 29th, 2009|News|0 Comments

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