EBA Supervisory Reporting
Multiple regulatory requirements, One solution
Regulatory mandates continue to demand greater disclosure from banks. And the European Banking Authority’s requirements on FINREP, COREP, Asset Encumbrance, Funding Plan and ALMM reporting are no exception. That’s why our banking customers rely on CCH Tagetik to meet existing compliance mandates and provide them with the required financial and disclosure intelligence to produce EBA Supervisory reports.
CCH Tagetik is a unique corporate performance management solution that provides all financial CPM capabilities within one solution and offers banking-specific intelligence that ensures you can meet the regulatory mandates of today, such as FINREP and COREP, and are prepared for those that will come in the future.
requirements
Increased requirements
More than 1540 new forms and templates. 3,500 data+ fields. 1000 elements. FINREP and COREP add complexity to your existing regulatory reporting processes, not to mention time. With the advanced capabilities of CCH Tagetik, combined with pre-packaged COREP and FINREP reports and templates, we take care of the complexity for you so you can meet demands faster.
Submission deadlines
For FINREP reporting, not only are these data-intense submissions expected within 42 calendar days of quarter end, these deadlines are based on the EBA’s calendar quarters, not your fiscal year. It’s a good thing CCH Tagetik’s central data repository provides anytime access - for on-demand, ad hoc, real-time and scheduled reporting needs.
Re-submitting Audited Data
FINREP requires companies to resubmit data after an initial audit. CCH Tagetik easily manages this workflow and process preventing a small audit inquiry from turning into a big, tangled, time intensive project to deliver the necessary answers. CCH Tagetik automatically captures and logs all system interactions for full transparency and traceability.
Benefits
Minimize complexity of multiple toolsets by standardizing to a single regulatory and disclosure reporting solution
Reduce risk of errors, inconsistencies or omissions by using packaged templates and disclosure reporting intelligence
Gain insights from EBA reporting and generate ad hoc reports as required
Complete traceability with detailed audit logs that capture all system interactions, changes, revisions, and workflow status
Meet deadlines - by eliminating the heavy lifting of data mapping and report creation, CCH Tagetik already did that for you
Futureproof and flexible to meet the regulatory requirements of today and tomorrow within the same solution
EBA Supervisory Reporting KEY CAPABILITIES INCLUDE
Automated Compliance Reporting
With CCH Tagetik, you get packaged templates and data models that meet EBA reporting requirements. In fact, CCH Tagetik offers you the complete set of accounts, pre-built templates, diagnostic checks, validations, calculation rules, consolidation logic, multi-GAAP support and XBRL output.
Compliant & Customizable
CCH Tagetik offers packaged templates that meet EBA’s specific requirements, plus the ability to customize reports and drill-down to underlying data. Get a compliant, comparable filing that can generate more detailed reports and analysis at the same time.
EFFICIENCY & CONFIDENCE
Organizations need to have a solution that is quick and efficient, with strong validation for FINREP and COREP filings. That’s why we created a robust, intelligent and easy-to-use XBRL output tool that allows you to automatically transform your financial data into compliant XBRL based filings that can be easily rolled forward for the next filing cycle.
Collaboration & Communication
You need to meet EBA requirements and provide internal stakeholders with context and associated details. That's why CCH Tagetik facilitates collaboration and communication, giving contributors the ability to share documents, add comments, provide notations, and more.
unified & Easy to Use
With CCH Tagetik’s centralized data repository, you have a single, unified CPM software solution that automates regulatory reporting such as FINREP and COREP. Simplify with CCH Tagetik’s pre-packaged templates, data models, workflow and additional reporting and analytic capabilities.
CCH Tagetik's EBA Reporting Software is trusted by leading companies in the financial services industry
Consolidation, Reporting, FinRep
Consolidation, Budgeting, Disclosure Management, Reporting, Dashboarding,Analysis
Notes to the Financial Statement and Supervisory Reporting
Consolidation, Disclosure Management, Regulatory & Financial Reporting
Finrep/Corep, Consolidation, Individual Financial Statements, Disclosure Management, Regulatory Reporting
Regulatory Reporting, Budgeting & Planning
Testimonials
Customer Quotes
ERSTE GROUP
Barbara Kainz - Director Group Consolidation
“In order to meet the mounting requirements of a growing, public financial service organization, Erste Group chose CCH Tagetik as its new finance software. With CCH Tagetik, we can fulfill IFRS and FINREP requirements in a single application while establishing a flexible framework for various tasks throughout the group. The easy-to-use solution optimally guides users through the processes of group consolidation, management reporting and statutory reporting. Since it can now quickly respond to new external requirements and internal ad hoc inquiries, we feel well equipped for the future.”
ERSTE GROUP
Barbara Kainz - Director Group Consolidation
“We felt that CCH Tagetik/pmOne understood us – not just as finance professionals but also as financial service professionals because the consultants knew exactly what FINREP and Basel III mean. This gave us a solid foundation to quickly implement the project together.”
On Demand Webinar
How to Achieve Financial Consolidation, Management and Regulatory Reporting Excellence in Banking - an Interview with Top Executives
Hear how Top Financial Institutions have significantly improved their Reporting and Performance Management processes within a single software solution, enterprise-wide.
browse our resources
Data Sheet
Case Study
Erste Group
Group Consolidation, Reporting, IFRS & FINREP Compliance, Segment Reports, Risk Information, Basel III
Blog
Can increased regulatory reporting requirements actually benefit Finance? Yes, they can.
Blog post by Sabrina Rosati - Executive VP, Professional Services, CCH Tagetik
CCH Tagetik successfully delivers Erste bank’s group consolidation and reporting Infographic
3 Critical Mistakes Banks Make With Regulatory Reporting ....and how to avoid them
Learn how to reduce the financial burden of over-regulation with CCH Tagetik Corporate Performance Management
Blog
Banks use targeted applications to keep up with regulatory demands
Blog post by Dave Kasabian - CMO, CCH Tagetik
Case Study
CRÉDITO AGRÍCOLA GROUP
Group consolidation, Reporting, IFRS and FINREP compliance, Segment reports and Risk information
On-demand webinar
HOW TO ACHIEVE FINANCIAL CONSOLIDATION AND REGULATORY REPORTING EXCELLENCE IN BANKING
Interview with Top Executives
Yes, I’d like to know more about CCH Tagetik
For more information, please complete the below form and a member of our team will reach out to you shortly!