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.

Challenges

Some of the key challenges financial institutions face with FINREP is:

  • increased complexity
  • regulatory interpretation
  • increased granularity leading to possible data gaps
  • consistent data reporting through the reconciliation of various information being reported within FINREP
  • understanding how to integrate a broad spectrum of datasets into a single coherent set
  • segmented analysis of balance sheet and profit and loss under different standards
  • ensure data consistency between all reporting requirements (FINREP, BR06, COREP)

BRSANALYTICS v2.6

We are pleased to announce that following extensive work by our R&D Department, we have concluded the first phase of our FINREP pack covering:

  • Balance Sheet Statement (F 01.01, F 01.02, F 01.03)
  • Statement of profit and lost (F 02.00)
  • Statement of comprehensive income (F 03.00)
  • Breakdown of financial assets by instrument and by counterparty sector (F04.01 to F 04.05)
  • Breakdown of loans and advances by product (F 05.00)
  • Breakdown of loans and advances to non-financial corporations by NACE codes (F 06.00)
  • Financial assets subject to impairment that are past due or impaired (F 07.00)
  • Breakdown of financial liabilities (F 08.01, F 08.02)
  • Loan commitments, financial guarantees and other commitments (F 09.01, F 09.02)
  • Derivatives – Trading (F 10.00)
  • Derivatives – Hedge accounting (F 11.01)
  • Movements in allowances for credit losses and impairment of equity instruments (F 12.00)
  • Collateral and guarantees received (F 13.01, F 13.02, F 13.03)
  • Fair value hierarchy: financial instruments at fair value (F 14.00)
  • Breakdown of selected statement of profit or loss items (F 16.01 to F 16.07)
  • Reconciliation between accounting and CRR scope of consolidation: Balance Sheet (F 17.01 to F 17.03)
  • Performing and non-performing exposures (F 18.00)

Keeping in mind our customers, we created our FINREP pack as an add-on to our current BRSANALYTICS solution; allowing you to implement the FINREP pack without any changes or disruptions in your current BR06 implementation.

We welcome you to contact us should you wish to discuss your requirements in more detail or fix an appointment for a demo.