Managing all regulatory compliance can be complex. Being able to rely on tools to meet this need completely, quickly and in a single solution is imperative in today’s scenario.
Not only to meet the requirements of timeliness and compliance with the Regulations, but also to be able to take advantage of logical databases that ensure greater efficiency in data extraction.
CDP Regulatory Reporting is an SAP solution that makes it possible to respond to the requirements of the regulators IVASS, COVIP and Bank of Italy, regarding financial asset management.
The solution allows the production of more than 50 reports according to the different formats required by the regulators (xlm, xls, txt, pdf, etc.). In particular, the following regulations are covered: Regulation 38, 24, 22 and the Circular 474/2002 (IVASS), Circular 250 (COVIP) and to the Measure 16/12/2009 (Bank of Italy).
The solution involves extending the data model of all master information (securities, subjects, portfolio, etc.). Derivation rules can be configured from the information already available in the system.
The solution allows production of all attachments required by regulator, in the required formats (xlm, xls, txt, pdf, etc.).
The CDP tool allows the use of different calculation algorithms for automatic reserve coverage and allocation of corresponding assets; checks and warnings are provided to confirm that reserves are covered according to regulations.
The solution allows external data to be uploaded, consulted and edited through easy-to-use templates to fulfill the requirements of regulators.
Respond in a timely and accurate manner to the required compliances of IVASS, COVIP and Bank of Italy regulators.