From 2021 the regulatory reporting requirements for Class 2 and Class 3 investment firms in the UK and Europe will change, posing significant challenges for operations and compliance teams who will need to work closely with IT, Finance and Risk to ensure that firms are ready to report when the new obligations go live in June 2021.
With respect to regulatory reporting, under the European Banking Authority’s (EBA) new Investment Firm Directive (IFD) and Investment Firm Regulation (IFR), all MiFID authorized and supervised firms will need to prepare for changes to own funds, liquidity and capital requirements. For example, in the area of capital requirements, new measures referred to as K-Factors will be used to measure Risk-to-Customer, Risk-to-Market and Risk-to-Firm, requiring firms to introduce a step-change in the amount, complexity and granularity of reporting data needed.
In order to ensure compliance and adopt a solid plan to meet the reporting requirements of the new IFR framework, Wolters Kluwer can help your organization in the following areas:
- Optimize data collection and data validation
- Automate the reporting process
- Access reporting templates and audit trails
- Ensure that you meet the minimum requirements for capital and liquidityLeverage powerful analytical tools
- Ensure full cost transparency and flexibility with SaaS deployment
To learn more about how to fulfill short-term regulatory obligations, whilst deriving value, beyond regulatory compliance, download our IFR Solution Guide.
Please submit the form to download the ebook.
** Please read the privacy policy. By checking the opt-in checkbox, you are agreeing to receive occasional communications about Wolters Kluwer Financial Services resources, events, products, or services. You also acknowledge that you have read and understood our Privacy Policy.
For managing your subscription please use the preference center.