Firms must be wary of reporting requirements in build-up to Co-Rep, says Logica
Financial institutions should not be complacent about new European Union reporting standards designed to harmonise reporting structures, warns consultancy and technology firm Logica.
EU Capital Requirements Directive reporting (Co-Rep) will require common reporting structures and standards across the EU from December 31, 2012. The final form of the requirements is being decided in response to a consultation period that ended in 2010, but details are expected to be released at the start of 2012.
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