27 Jun 2018
| Par

The financial crisis we experienced ten years ago resulted in a substancial amount of public money being injected into banks to save them from failing and thus letting the taxpayers carrying the burden. The crisis revealed the need to overhaul the regulatory framework for banks and gave rise, via the Bank Recovery and Resolution Directive, to a new cross-border resolution mechanism for the Banking Union.

  • Banking
  • XBRL reporting
  • Banking regulatory reporting
  • FAS Regulatory
  • Single Resolution Board
  • Liability Data Report
  • MREL
  • Why set up the SRF Reporting and Liability Data Report templates?
  • Why did the Single Resolution Board choose XBRL as the standard for data collection?
  • What are the main challenges for National Resolution Authorities?
  • What is the risk of poor-quality reporting data for the banks?
 Resolution & Reporting: What should NRAs and Banks anticipate when it comes to the Reporting challenge?
A number of banking groups among our clients have already started implementing XBRL reporting thanks to our software solution, regardless of their NRA’s current format requirement. They are now in a position to improve the quality of their data thanks to the business rules embedded in the XBRL reporting model, also called taxonomy.
Antoine Bourdais
Head of the Banking and Insurance Division at Invoke

 

 

Author

Yasmine Tebaa

Director, Head of Marketing & Communication, Invoke

 

Contributors

Antoine Bourdais

Director, Head of the Banking & Insurance Division, Invoke

Antoine Rouquès

Head of Professional Services for Supervisory Authorities, Invoke

Jean-Marie Trespaillé-Barrau

Subject Matter Expert, Head of the Regulatory Watch department, Invoke