Pioneering a Unified Reporting Experience.

SBP Regulatory Reporting

Unlock a transformative regulatory reporting experience with SBP Regulatory Reporting. Our solution seamlessly adapts to diverse reporting requirements, encompassing various formats from synthesis to granular, up to mixed formats.

Through our unified processing layer, our regulatory compliance solution becomes the bridge to an optimized future, accelerating data declaration processes while ensuring completeness, adherence to stringent quality standards, and significantly lowering costs of integration and maintenance.

Regulatory Reporting

Unleashing Cloud-Native Innovation in Regulatory Reporting.

Experience rapid time to market & deployment within just one hour, streamlining your transition to our regulatory reporting solution. With our flexible SaaS subscription model, only pay for the reporting and the infrastructure you truly need, optimizing cost-effectiveness.

Benefit from our proven track record of 100% on-time reporting, shielding your business from costly fines. Additionally, benefit from a regulatory up-to-date solution through continuous deployment.

  • Reduce regulatory reporting costs
  • Improve regulatory compliance
  • Enhance data quality
  • Increase productivity
  • Gain valuable insights
  • Adapt to changing regulations
graphs and diagrams of regulatory reporting software
  • A Single Offering for All Regulations

    Eliminate the need for multiple, disparate systems to comply with different regulatory requirements.

  • A Unified Data Collection Layer

    Benefit from a single unifying data layer for all regulatory requirements. Automatically capture, organize, and checks the quality of data.

  • Streamlined Regulatory Reporting Processes

    Automate tasks. From data collection to report generation and submission, the solution eliminates manual tasks and reduces the risk of human error.

  • Parameterized approach (low code)

    Easily configure and customize your reporting templates without requiring extensive coding expertise.

  • First and unique SaaS-enabled Solution

    Avoid expensive upfront investments in hardware or software, and quickly scale up or down as your needs change.

  • Data-centric solution

    Leverage a data-centric architecture, ensuring that data is always at the heart of the regulatory reporting process.

Prepare the future of reporting, NOW!

With SBP Regulatory Reporting, embrace a future where reporting is a breeze, and your business can focus on what matters most.

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We have all the answers you need

Frequently asked questions

What type and format of regulatory reporting do you support?+

We provide and maintain the granular and consolidated synthesis regulatory reporting that’s required by EMEA regulators. More precisely, we support:

● National reporting — NCB: BDF/ACPR, NBB, BCL/CSSF, BDE, BOE/FCA, BUBA, UEMOA, CEMAC, BAM, etc.
● European reporting — financial & prudential (EBA, ECB), resolution (SRB)
● Tax fraud reporting — AEoI/CRS, FATCA

Among the regulations covered are Anacredit, SHSG, COREP, FINREP, Liquidity ratio and ALMM, RUBA, Schéma A, MIR, Monetary Statistics & BSI, Balance Of Payment, Resolution (Resolution plan, LDR, CFR, FMI), MREL, TLAC, REMUNER and payment statistics (Oscamps, PST, etc.). Our solution makes it possible to produce synthetic and granular regulatory reporting in XBRL and XML format.

Is your solution a last mile product, or is it integrated within a company’s system?+

Our solutions can be utilized independently of our Core Banking Solution, but they offer the highest level of service when implemented with it.

Does Basel IV exist?+

Yes, it does. Basel IV is the latest version of the bank capital requirements agreed to in 2017 by the Basel Committee on Banking Supervision. But banking regulators, especially in Europe, rejected the term Basel IV and prefer to talk about the finalization of Basel III to minimize the apparent impact on banks. The Basel Committee is now talking about Basel III finalization to allow a better appropriation by regulators and banks.

In Europe, the finalization of Basel III will be implemented in two lots. The first lot led to the CRR 2 regulation adoption on June 7, 2019, and will make the CRD 5 directive applicable from mid-2021, and the second lot (CRR 3 and CRD 6) will apply from 2023.

What is the difference between BIRD and IReF?+

BIRD stands for the “Banks’ Integrated Reporting Dictionary.”
It’s a standard dictionary created by the European Central Bank (ECB) and the banking industry to provide a common description of data and transformation rules that banks must adhere to for generating the regulatory reports expected by authorities across the EU.

IReF stands for “Integrated Reporting Framework.”
It’s an integrated system currently under development by the European System of Central Banks, with a projected start date slated for 2024. IReF aims to collect statistical data at a granular level, avoiding data overlaps and heterogeneous data definitions across the EU. It’s a follow-on to the Anacredit project. And thus, it will allow the ECB to specify the statistical data requirements for deposit-taking corporations in the euro area without translating them into national collection frameworks.

Both BIRD and IReF are linked to article 430c of the CRR2 area in the feasibility report published by the European Banking Authority (EBA). The end goal of both is to alleviate the reporting burden on the banking industry.

What regulatory reporting challenges banks face to remain competitive?+

Legacy systems struggle to handle increasing data volumes, leading to delays, bottlenecks, and a negative impact on customer experience and operational costs. Outdated systems are more susceptible to cyberattacks, putting sensitive data at risk. Siloed systems make it challenging to access audit trails, potentially leading to hefty fines or reputational damage. Constant patching and updates for legacy applications consume valuable IT resources and limit the bank’s agility to adapt to changing business needs.

Additionally, the lack of automation in application deployment and management slows down innovation and increases the risk of errors. Difficulty getting timely insights from data due to legacy systems and siloed information hinders effective decision-making and the ability to personalize customer experiences.

What are the upcoming regulations that I need to keep up with in 2024?+

In the current context, it’s clear that regulatory changes are advancing swiftly and are projected to persist for years to come. Financial Institutions are fully experiencing the consequences of this accelerated pace:

• CRR2 came into effect in June 2021, with CRR3 scheduled for January 2025… less than 3 years apart for 2 major texts.

• The Green Asset Ratio is now mandatory… imposed within a short timeframe.

• Several upcoming changes are in progress for implementation soon (2026/27), including a complete overhaul of European statistical reporting (IReF) and efforts to align data requirements for statistical, prudential, and resolution reporting.