Integrated platform for 360° reporting, risk calculation and controlling regulatory KPIs
Banking supervision is still in a process of constant change. The last few years have brought the industry a range of new regulatory requirements such as AnaCredit, the revision of the calculation of RWA (risk-weighted assets), BCBS 239 or IFRS 9 along with revisions of obsolete standards. Basel IV, the revisions of the CRD IV/CRR, the amendments to the BRRD and the SRMR are likely to bring about significant changes in supervisory law by the beginning of the next decade.
Fundamentally, we are noticing the following significant key trends: the replacing of form-based reports with data cubes, cost pressure on IT infrastructure and regulatory reporting processes, as well as the ever-increasing influence of regulations on banks’ product portfolios and the need to integrate regulatory KPIs (Key Performance Indicators) into the bank’s management.
These trends have far-reaching consequences for banks, not least for their IT architecture as inevitably new software solutions will now be required.
IT infrastructures and processes will need to be optimized to facilitate timely and reliable delivery of the requested data in the required quality and granularity. Quality and consistency of data and speed of delivery are missioncritical to achieve transparency with regard to risks. In light of the above, BearingPoint has decided to develop a new generation of its proven Abacus platform that integrates comprehensive functionality for reporting, risk calculation and controlling regulatory KPIs into a high-performance modularized platform:
Abacus360. The time to market for the implementation of new regulatory requirements was one of the major criteria for the development of the new platform.