Why Regulatory Reporting Accuracy Matters?

Regulatory reporting is no longer just about submitting data on time. Financial institutions also need confidence that the information being reported is accurate, complete and supported by effective controls.

With requirements across regimes such as EMIR, MiFID II, SFTR, ASIC and CFTC, reporting teams are dealing with increasingly complex datasets, validation rules and reconciliation requirements. Even where a submission is successfully accepted, underlying data-quality issues can remain undetected.

Reg-X helps financial institutions strengthen their regulatory reporting processes through technology and specialist regulatory expertise. Its RegAssure platform supports reporting teams with automated accuracy testing, completeness reconciliation, exception identification and ongoing reporting oversight.

Through RegAssure Accuracy, firms can independently test regulatory reporting data, identify potential errors and risks, and strengthen the controls surrounding their reporting processes.

Taking a more proactive approach to data quality can help firms move beyond simply achieving successful submission towards demonstrating that their regulatory reports are accurate, complete and well controlled.

For more details see - https://reg-x.co.uk/