Practical Training for Financial Reporting and Regulatory Compliance

The European Banking Authority (EBA) and the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have mandated the use of standardised reporting frameworks for financial institutions. These frameworks, known as the Common Reporting Framework (COREP) and the Financial Reporting Framework (FINREP), aim to ensure consistent and accurate reporting of financial and prudential information. This article will focus on the practical aspects of these frameworks and how financial institutions can comply with the regulatory requirements. The key challenges faced by financial institutions in implementing these frameworks include data validation, data sourcing, and data templates and structures. These challenges can be overcome through the provision of practical training and guidance from regulatory bodies such as the EBA and PRA/FCA. Financial institutions must be aware of the regulatory background of the COREP and FINREP frameworks, which includes the purpose, scope, and imperatives for financial reporting. This includes an understanding of the Basel III, CRD IV, and CRR regulations. The training course covers all aspects of financial reporting, from organisational scope to data validation, data sourcing, data templates and structures, submission methodologies, and the resulting impact on Front, Middle, and Back Office processes. Through interactive sessions, case studies, and hands-on exercises, participants will gain the knowledge and skills required to navigate the complexities of financial reporting in a regulated environment. The course includes regulatory guidance from the PRA/FCA, EBA, and local European regulators, as well as UK Financial reporting post-Brexit. By the end of this practical training, participants will be able to:
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Understand the Regulatory Background – Purpose, Scope and Imperatives for Financial Reporting using COREP and FINREP within UK and EU Banking Regulations (Basel III, CRD IV, CRR)
Master Reporting frameworks for COREP and FINREP, including the data structure, key templates, and data requirements
Develop practical skills in implementing and reporting Prudential Reporting (COREP) and Financial Reporting (FINREP) frameworks, using case studies and real-life examples

The target audience for this training course includes:
* Treasury
* Finance
* Risk
* Compliance
* Audit
* Financial Operations and Reporting
* FP&A
* Regulatory Affairs

The

Key Topics Covered

* Regulatory Capital and Basel 3.1/CRD IV/UK CRR
* Pillar 1,2,3 reporting, ICAAP and ILAAP
* Common Reporting Standards (COREP) – Regulatory Capital Reporting
* Financial Reporting Standards (FINREP) – IFRS Financial Reporting
* Next Steps and Upcoming Regulations (Basel 3.1 “Endgame”)

For more information about this training, please visit ResearchAndMarkets.com. About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products, and the latest trends. The benefits of this training course include:
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Improving knowledge and skills in financial reporting and regulatory compliance

Enhancing data validation, data sourcing, and data templates and structures

Developing practical skills in implementing and reporting Prudential Reporting (COREP) and Financial Reporting (FINREP) frameworks

In conclusion, the practical training course for financial reporting and regulatory compliance is a valuable resource for financial institutions looking to comply with the regulatory requirements of the COREP and FINREP frameworks. By attending this course, participants will gain the knowledge and skills required to navigate the complexities of financial reporting in a regulated environment.