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.
Antoine Bourdais, Director of the Banking and Insurance Division at Invoke, discusses the evolution of regulatory reporting and how the focus is moving to the qualitative elements.
Interviewed by Sarfraz Thind for Insurance ERM, Antoine Bourdais, director of banking and insurance at Invoke, describes some of the key challenges and solutions around Solvency II pillar 3 reporting.
In this expert opinion article, Invoke's Anne Leslie-Bini looks at how successfully managing the reporting and disclosure aspects of Solvency II involves mobilising a cohesive, cross-competency skill-set. She draws on Invoke's extensive industry experience to offer a number of recommendations aimed at de-risking the delivery of the very specific outputs that Pillar 3 demands by encouraging firms to maximise their agility through future-proofed infrastructure and data governance mechanisms that will support their businesses over time.