Lightening the load

Regulatory reporting

Banks have long had to spend time wading through pages and pages of regulations, ensure they are compliant and report the relevant information to their supervisors. But that task has become a lot more demanding in recent years. The list of regulations affecting financial institutions has grown rapidly, while the complexity of reporting requirements has leapt - just think of Basel II and the information regulators require in order to validate internal ratings-based models.

Not surprisingly, many