DEX Regulatory Suite for CRD iv, DPM version 3.0
The European Banking Authority (EBA) on March 18, 2021 published reporting framework 3.0. The main changes compared to the previous version of the EBA reporting framework relate to the following:
DEX Data Explorers has these new versions already available in DEX Regulatory Suite. Furthermore DEX offers functtionalty which enables you to compare two versions of a taxonomy. This way you can see easily which reports have been deleted, added or changed.
Capital Requirements Directive (CRD iv)
A lot of financial regulation centres on Basel III, the regulations that govern global, financial organisations. In Europe, these have been collected together into CRD (Capital Requirements Directive) iv. The point about CRD iv is that it brings together a whole set of governance around banking organisations post-2008 in order to prevent future liquidity crises.
CRD iv reporting
In order to be able to enforce the CRD iv regulation the European Banking Authority has defined an extensive set of reports. Market parties have to report about their financial position on a regular base. The following reporting sets (taxonomies) have been defined:
DEX Regulatory Suite for EBA
In order to comply to the CRD iv regulations DEX Data Explorers offers DEX Regulatory Suite for EBA. DEX RS generates regulatory reports using the EBA specifications.
EBA has published a datapointmodel containing all definitions of the CRD iv reports. A datapointmodel is a database which contains all necessary information to generate the reports. DEX RS uses the information in the datapointmodel to generate the reports, validate the outcomes against the EBA validation rules and generate the XBRL interfaces. Since the reports are generated according to the EBA standards the reports are always compliant and conform the latest standards. Below an example of a FINREP report generated by DEX RS is shown.
DEX Data Explorers maintains the definitions of the reports according to the regulator standards. When updates to the standards are submitted, you as a customer will receive an update on the set of reporting definitions.
DEX Regulatory Suite offers the following functionality:
Analysis of new versions
EBA on a regular basis updates the lay-outs of the reports. DEX offers functtonality which enables you to compare two versions of a taxonomy. This way you can see easily which reports have been deleted, added or changed, and what the changes are. Below a comparison of the versions 2.9.1 and 3.0 of FINREP is displayed.
Design you own reports
On top of delivering the required regulatory reports DEX RS offers you the possibility of designing you own reports. This way you can reuse the data you use for regulatory reports for e.g. internal reports. You can also add your own calculations and validations.
Design graphs
With DEX RS you can design graphs using the data you loaded in the reports. You can for example compare datapoints over different periods, as shown in the graph below.
Available solutions
DEX Regulatory Suite supports the following regulations:
Addition Knowledge House and DEX Regulatory Suite
Addition Knowledge House (www.addition.nu) is a reseller of DEX Regulatory Suite. Addition Knowledge House delivers the following services with regards to DEX Regulatory Suite:
Addition Knowledge House offers the possibility to outsource large parts of the regulatory process. Addition can offer the following services using DEX RS:
Each situation is unique. Addition Knowledge House will be happy to discuss how we can support your process in an optimal way.