BearingPoint's new approach “fit-for-purpose regulatory reporting” enables the banking and capital market clients to significantly reduce their costs, improve the quality of reporting and enhance the capabilities of steering the bank.
Any financial institution can achieve sustainable efficiency gains with BearingPoint’s approach! From organizational setup, through end-to-end data processing with new technologies – BearingPoint guides banks on their way to the regulatory reporting of tomorrow.
The regulation wave seems not to come to an end in the nearest future. The steady demand for change within the methods, system and process landscape resulting of it, leads to significant CTB costs. Following new regulatory limits, like the Leverage Ratio, the LCR or NSFR, a higher demand on managerial information, which need to be provided by regulatory reporting teams for steering purposes arises, extending their scope of responsibilities.
Hence, the regulatory reporting departments face the following challenges:
BearingPoint has supported over 100 clients in solving their regulatory reporting issues, redesigning the organizational setup as well as the IT infrastructure.
BearingPoint's approach is based on defined best-of-breed solutions for any kind of bank business model or structural complexity. It follows a proven methodology of defined steps towards a fit-for-purpose architecture, utilizing technological as well as functional innovations.
If you want to learn more about how your peers see the efficiency of the regulatory reporting today and tomorrow, how they value the strength of new technologies and the threats of paradigms change in the supervision, we can only suggest reading our newest study on the European banks and their regulatory reporting efficiency. It will be released Q4 2021 at this site.
With us you don't just tighten the screw – you build your architectural house on a completely new foundation.
BearingPoint estimates efficiency gains in terms of cost reduction of more than 30% of your current annual cost, depending on the setup of organization and implemented measures.