Back-office technology product of the year: KPMG

With European firms facing a 20-fold increase in reporting detail under CRD IV, many have gone looking for outside help – more than 300 are now using a tool launched by KPMG

stuart-tait1-kpmg
Stuart Tait, KPMG

Increased capital and liquidity burdens have dominated discussion of the post-crisis prudential regime – with good reason – but much of the early strain has been felt in the world of reporting, where banks are being asked to make far bigger improvements.

KPMG estimates the level of detail required in Europe has in some cases increased by a factor of 20 – expectations that are set by the so-called Common Reporting (Corep) rules and the fourth Capital Requirements Directive (CRD IV), which

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