rFRAME Regulatory Reporting - Staying ahead of regulatory change
From the financial crisis in 2008, to highly publicised banking scandals and Libor rate fixing, financial institutions (FIs) continue to face a flood of new regulations and change. Whether it’s Dodd-Frank, Basel III or FATCA, banks in every corner of the world are trying to juggle multiple regulations simultaneously.
rFRAME – easier, quicker, more effective
rFRAME makes it easier, quicker and more cost effective for financial institutions to prepare and submit statistical and prudential returns to the Bank of England, the Financial Services Authority, the Central Bank and Financial Services Authority of Ireland, and the new European Banking Authority.
rFRAME is a fully automated solution.
rFRAME is made up of the following modules:
- rFRAME Data Management Module (DMM): An ‘interface toolkit’ designed to provide a simple and flexible, yet controlled, method of interfacing a firm’s source systems with rFRAME in order to capture the data required for reporting purposes.
- rFRAME Regulatory Reporting: The core module contains fully defined regulatory reports for the Bank of England, the Financial Services Authority, the Central Bank and Financial Services Authority of Ireland, and the European Banking Authority, and also provides comprehensive support for the calculation of market risk, credit risk, operational risk, large exposures and liquidity risk.
- rFRAME Flexible Query (FQ): An optional module that enables non-technical users to develop their own reports for internal management purposes.
Key features and benefits
- Future proof solution – changes announced by the regulatory authorities are automatically reflected in new releases
- User-friendly – intuitive to use with a modern ‘look and feel’
- Automated return production
- Reconciliation of returns – automatic intra- and inter-return validation
- Comprehensive enquiry capabilities – users may drill-down and drill-up between returns and the underlying data, and create their own customised reports
- Return adjustments – amendments may be made both to the face of a return and to the underlying transaction data
- Full audit trail
- Variance analysis – facilities to fully analyse changes and trends in the pattern of business
- Security controls – user access configurable by both function performed and return
- Electronic submission - transmission supported in the formats prescribed by the Bank of England (BEERS/OSCA), the FSA (Gabriel) and the British Bankers Association (BBA)
To learn more about rFRAME and how it will assist your COREP readiness click here.
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