Increasing Regulatory Requirements Push Banks to Capacity Limits - Mastering these Challenges Using the Joint Solution by BearingPoint RegTech and IBM Services

Financial institutions are struggling with ever-increasing regulatory requirements. New regulations such as AnaCredit as an entry point into granular reporting, the sheer volume of data to be processed — which must be submitted in numerous monthly and quarterly reports to the supervisory authorities — as well as tight deadlines, threaten to exceed the capacity of the institutions. The crucial challenge is to strike a balance between effort, cost and risk.

With their joint solution, BearingPoint and IBM address the challenges that financial institutions face in regulatory reporting. The solution enables financial institutions to outsource their regulatory reporting processes, including both outsourcing specialized processes and technical operations as well as software maintenance and further development.

Why is BPO in regulatory reporting the right choice?

One-Stop Solution

  • Coverage of the regulatory value chain from software solution through managed services to the operative processing of regulatory reporting for the German market
  • Solution based on standard software which facilitates economies of scale
  • Enough flexibility to adapt to client specific requirements
  • Development and support by expert teams with many years of experience in the financial sector

Steps 1 & 2: Streamline Regulatory Reporting Using Software and Managed Services provided by BearingPoint

  • Infrastructure services, e.g. the provision of a certified data center, the provision of infrastructure (hardware, system software) as well as the installation and configuration of the system components
  • Application management, including providing/installing software modules, developing test and production systems, user help desk/support and the revision of technical documentation
  • Application support, such as processes in the field of data delivery, processing and report generation as well as master data maintenance and the preparation of standard reports

Step 3: Handing Regulatory Reporting over to IBM as an Experienced Partner - Report Generation & Submission

  • After receiving the data from the client and processing the data in Abacus, IBM prepares the regulatory reports and submits them to the Extranet of the German Bundesbank.

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