For financial institutions, regulatory reporting has graduated from byproduct to prime focus. In an environment of constant and complex regulatory expansion backed by rigorous sanctions, the financial services industry must anticipate and document current and future risk exposures. The required scope is deeper and broader, and institutions must manage increased complexity in reduced timeframes, requiring a more thorough approach than ever before.

Regulatory reporting needs to provide a comprehensive view of an institution’s positions at any given moment. Responsive and accurate visibility of complex data derived from multiple sources relies on procedures that must be as effective as they are sophisticated. In response, the industry seeks comprehensive solutions, with particular focus on models, data – including data lineage – control frameworks, quality assurance and implementation.

Capco's asset class response covers regulatory reporting processes for equities, options, fixed income and futures. In each case, we identify challenges and effectively exploit improvement opportunities. Logically, we focus on the reporting responsibilities that have fallen under increased regulatory scrutiny: regulatory reporting (e.g., EBS, LOPR, OATS, Trace, SDR, CAT), operating model and road map benchmarking, data and data lineage, control framework design, testing and quality assurance.

Capco’s solutions include value-added capabilities for clients, such as risk dashboards that migrate complex data to visible and actionable management information. Our experienced teams match deep expertise in the relevant regulation with an outstanding record of implementation. In an environment where regulatory reporting will only increase in importance, we empower our clients to achieve a state where dependably robust responses are the rule.

uncleared margin rules

In response to the global financial crisis of 2008, the G20 agreed to a financial regulatory framework for non-centrally cleared derivatives, the Uncleared Margin Rules (UMR). In September 2013, the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) jointly published a margin requirement framework to establish global standards for the exchange of Variation Margin (VM) and Initial Margin (IM) between market participants.