The expanding supervisory requirements pose a great challenge and have proven to be a cost driver for bank’s departments. IT infrastructure and processes have to be optimised in order to quickly and reliably facilitate the delivery of the required data in its mandated quality and granularity. Process automation and innovative solutions are required to enable financial institutions to be prepared in a cost-effective way for the upcoming functional and technical challenges in the near future.
This webinar covers current regulatory reporting practices as well as wider challenges for banks, and will focus on the following key points:
The challenges in regulatory reporting and risk management for banks
Different approaches to regulatory reporting
The role of 360° platforms for reporting, risk calculation & controlling of regulatory KPIs
Responding to data management challenges demonstrated on AnaCredit as a case study
Following the discussions on regulatory analytics and regulatory management, there is a brief yet valuable showcase of BearingPoint's award-winning integrated regulatory and risk platform Abacus360 Banking.
About the Webinar
Kevin Gahan heads up AIB Group’s Financial, Regulatory & Management Accounting (FRMA) team, the banks Finance Shared Service Centre. The team has responsibility for the production of the Group’s Financial and Management Accounts. It also has responsibility for the Group’s Regulatory Reporting. Kevin has led a major transformation of the finance team over the past 3 years. Staff numbers were reduced by 40%, the month end financial close has reduced from day 12 to day 5, underpinned by a shift the culture to one of continuous improvement and innovation focused on getting output right first time, every time. The data architecture has been transformed to meet Basle III / CRDIV Regulatory reporting and other reporting requirements. Kevin has worked in a number of roles in finance in AIB. Prior to joining AIB, Kevin worked in Bank of Ireland as Financial Controller of the Share Registration business.
More about Bearing Point
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KEVIN GAHAN, Head of Financial, Regulatory and Management Accounting at AIB
Dr. Maciej Piechocki is a Financial Services Partner at BearingPoint. For the past 10 years he has specialized in the Regulatory Value Chain and designing and implementing digital solutions for regulatory clients, including central banks and supervisory authorities. Dr. Piechocki has also supported supervised entities in implementing regulatory mandates, particularly regulatory reporting requirements. Maciej’s main focus is in analytics, XBRL and oversight. He was also directly involved in CRD IV, Solvency II and IFRS. As a member of the IFRS Taxonomy Consultative Group of the IASB and board member of XBRL Germany he actively contributes to standard setting activities. Maciej has written several books, including XBRL for Interactive Data: Engineering the Information Value Chain, published by Springer. He also remains a frequent contributor to independent journals on the topic of regulatory reporting.
DR. MACIEJ PIECHOCKI, Partner at BearingPoint
BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of 9,700 people serves clients in more than 70 countries and engages with them for measurable results and long-lasting success.
Regulatory Reporting & Beyond
Regulatory Management & Analytics for Banking
How are current changes in regulatory requirements such as Basel 3/CRD IV, FRTB, IFRS 9, AnaCredit and BCBS 239 impacting regulatory reporting? How can institutions control and plan for the effects of regulatory ratios and key figures upon business transactions? What challenges must be addressed by departments and IT in particular? How can we reduce costs, for example, through automation and standardized processes? Is a “reporting at the touch of a button” possible?