The European Banking Authority and European Union are currently leading two major regulatory operations: the Capital Requirements Directive (CRD IV) and the associated Capital Requirements Regulation (CRR) that have become effective on January 1, 2014, and Solvency II that is expected to become effective on January 1, 2016.
Designing and implementing a streamlined and efficient process for the preparation of regulatory reports is challenging, and data collation, validation and sign-off can be complex and time-consuming tasks.
The ever-changing regulatory landscape means financial service companies have to adapt to changes in reporting requirements. Accenture can help those companies by evaluating their current state and risks, providing tactical and strategic recommendations for achieving optimal outcomes, and assessing relevant benchmarking against market practice.
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