Banking supervision still finds itself in a process of constant change. The last few years have brought the industry a range of new regulatory requirements such as AnaCredit, MREL/SRB, BCBS 239 or IFRS 9 and revisions of obsolete standards. Basel IV, the revision of CRD IV/CRR (Capital Requirements Directive/Capital Requirements Regulation), the amendments of the BRRD (Bank Recovery and Resolution Directive) and the SRMR (Single Resolution Mechanism Regulation) are likely to bring with them significant changes in supervisory law by the beginning of the next decade. Less and less time is available for implementation, and ad-hoc inquiries and other short-term exercises also must be carried out, such as time-sensitive fire drills, the comprehensive assessment of the European Central Bank (ECB) and the stress test procedures of the European Banking Authority (EBA).

With Abacus Banking Regulatory, we offer an established standard software for national and international prudential reporting, statistical reporting as well granular reporting (AnaCredit) and ad-hoc reporting. Renowned financial institutions representing around 1.000 reporting entities, among them a major part of the most important European banks under supervision of the SSM (Single Supervisory Mechanism), special institutions, insurers, and financial providers use ABACUS/DaVinci and the new software generation Abacus360 Banking Regulatory.

Why decide on Abacus Banking Regulatory

A comprehensive standard software for regulatory reporting

Abacus Banking Regulatory offers various modules for prudential and statistical reporting as well as granular and ad-hoc reporting with a single data model:

  • Common Reporting (CoRep): Own Funds, Large Exposures, IP Losses, LCR, NSFR, Additional Liquidity Monitoring Metrics (ALMM), Leverage Ratio, Portfolio Benchmarking Report
  • Financial Reporting (FinRep): Non Performing Exposures, Forbearance
  • Asset Encumbrance
  • Funding Plans
  • Statistical reporting: ECB Balance Sheet Statistics (BSI), Securities Holdings Statistics (SHS), Interest Rate Statistics (MFI), and further national statistical reports
  • Public disclosure: Own Funds, Asset Encumbrance, Leverage Ratio
  • National regulatory reporting
  • Granular reporting (AnaCredit) for various jurisdictions

Abacus Banking Regulatory automates the regulatory reporting process from data delivery, data analysis and the preparation of reports, including calculations and validation, all the way to submission to supervisory authorities.

Abacus Banking Regulatory solutions can be used flexibly in various deployment scenarios, be it as an on-premises installation or Software as a Service (SaaS).

BearingPoint’s joint offering with IBM allows financial institutions to outsource their regulatory reporting processes. The RegTech Business Process Outsourcing offer covers both the business processes and technical operation as well as software maintenance and further development.

Current topics

  • AnaCredit

    AnaCredit (Analytical Credit Datasets) is a project initiated by the ECB to collect granular credit and credit risk data for statistical and prudential purposes: loans with a volume of more than 25,000 Euros to non-natural persons, and depending on characteristics at the individual loan level, have to be transmitted monthly, quarterly or ad-hoc to the national central bank.

    Due to the large data volumes, manual intervention is fairly limited. Therefore, financial institutions must have already established a standardized, valid data delivery as part of their regulatory reporting systems and processes to monitor and provide for the necessary data consistency, data validation and data quality. Appropriate validation and analysis tools are required.

    The AnaCredit module of Abacus360 Banking Regulatory enables financial institutions to create their data and generate consistent reports in compliance with the ECB requirements, including the extensions for their respective national central banks. The required reporting data is compiled automatically, whereby country-specific features are taken into account.

    The module provides powerful tools for the validation of granular credit and credit risk data and for the distribution, change and trend analyses. AnaCredit-relevant financial and risk figures can be calculated.

    Additional features of the AnaCredit module:

    • Identification of master-data changes that trigger ad-hoc reports
    • Enrichment of master-data information based on the regulator’s feedback notification
    • Integration of data that has not been computer-generated or data from subsidiaries, thereby enabling this data to be directly included within the consolidated report creation
  • Data Quality Index (DQI)

    Reliable data is a key requirement for supervisors to identify potential weaknesses. Many banks still face difficulties in providing sufficient high-quality data to supervisors. The European Central Bank (ECB) has therefore adopted a data quality framework, which aims to address this problem. The six metrics of Data Quality – punctuality, accuracy, completeness, reliability, plausibility, stability – are combined to produce the Data Quality Index (DQI). The values can range from 1 (good) to 4 (very bad, missing).

    The banks' DQIs are published quarterly on the ECB’s Information Management System (IMAS). They also form the basis for individual dashboards, which summarize information and assess data quality. In addition, both time and peer group comparisons are drawn and are then forwarded quarterly to the joint supervisory team (JST) coordinators. In case a bank fails to provide appropriate quality data in a timely and regular manner, a five-step escalation process can be initiated.

    The feedback loop between institutions, the national central bank and the ECB is very challenging and burdensome but can be avoided if the institutions are able to anticipate the supervisory feedback by adopting the supervisory perspective. This is precisely where the DQI module of Abacus360 Banking Regulatory steps in.

    The Abacus Banking Regulatory DQI module offers three main advantages:

    1. Simplifying the regulatory reporting process for timely and complete report creation
    2. Systematic analysis of the regulatory reporting process regarding data quality per reporting date and across reporting dates
    3. Visualization of the DQI from the supervisory perspective in the form of a structured and compact dashboard


  • PRA110

    In February 2018, the PRA (Prudential Reporting Authority) in UK published their Statement of Policy for their new Pillar 2 liquidity monitoring template ‘PRA110 Cashflow mismatch report’. This new reporting requirement, which will now come into effect from July 2019, requires large banks to report their individual and consolidated liquidity data on a weekly basis with a 1-day remittance period. The new template is built to close currently existing gaps in the reporting of liquidity data, whilst reusing as many data requirements as possible from EBA liquidity reporting and the currently existing Pillar 2 liquidity reports FSA047 and FSA048, such as the EBA’s approach of the reporting of significant currencies.

    Learn more about the similarities and differences between PRA110 and the current UK-specific liquidity reporting regime of FSA047 and FSA048 on the one hand, and the ITS framework on the other in our whitepaper: PRA110 – Alarmingly new or comfortably old?

The proven ABACUS/DaVinci software, which has been in use for over 25 years, and the new software generation Abacus360 Banking Regulatory are part of the Abacus Banking Regulatory solutions. Regulatory and technological trends in recent years have triggered the development of the new software generation.

Based on the new technical platform, Abacus360 Banking will gradually cover all existing ABACUS/DaVinci reporting modules. In addition, the functional scope of the new software generation will be extended by further components, which enable banks to optimize their reporting processes, regulatory analytics, and regulatory management.

In combination with the Abacus360 Banking Risk solutions for risk calculation and risk valuation as well as Asset Liability Management, banks can use Abacus360 as an integrated platform for reporting, risk calculation and the controlling of regulatory KPIs with a single data model.

The functional modules are complemented by so-called Advanced Tools, which enable banks to tailor and optimize reporting processes, regulatory analytics and regulatory management. Individual requirements can be met through flexibly assembling the additional functional components in line with the modularity principle.

By integrating various functional areas into one holistic platform with a single data model, Abacus360 increases the efficiency of regulatory processes, transparency and the quality of data, and agility through faster implementation of new regulatory requirements.

Graph Abacus BankingRegulatory

Target architecture of Abacus360 Banking Regulatory

Abacus360 Banking Regulatory is based on the innovative Abacus360 platform, a further development of the tried-and-tested Abacus platform. The Abacus360 platform offers a new and innovative calculation engine, which leverages technologies such as in-memory processing and distributed computing, and therefore allows for a significant improvement in operational performance and flexibility.

Abacus360 features an optimized and standardized data model that minimizes redundant data storage through the consolidation of results data across all modules. The software is available in many languages and different versions and offers multi GAAP processing. The Abacus360 data model allows for long-term data maintenance even in light of the ever-changing conditions.

Due to the single data model, the engine functionalities, and the Advanced Tools, Abacus360 is “ready” for BCBS 239. A key BCBS 239 requirement, namely interdivisional data consistency, is fulfilled.

Target architecture of Abacus360, which includes Abacus360 Banking Regulatory

In the medium term, the migration of further products ABACUS/Transactions, ABACUS/Solvency II and Abacus Regulator to Abacus360 is also planned.

Distributed computing with Apache Spark

Abacus360 Banking Regulatory is based on a three-tier architecture with a clear separation of the GUI, application logic and data management based on the distributed processing of Apache Spark. Apache Spark is a cluster computing framework with high market acceptance for big data projects.

Apache Spark allows for the processing of very high data volumes (several 100 million data records) and has strong vertical and horizontal scaling possibilities. It also shows good scalability for independent processing in parallel processes.

Apache Spark therefore allows for the stable processing of large data volumes within short time windows and parallel processing of multiple modules and/or institutions.

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We hope that Abacus360 Banking will enable us to handle the enormous amount of data in the context of AnaCredit very well and to make the necessary notification on time and automatically.

Frederic Kerschbaum, Team lead IT Application Management & Organization, abcbank / July 2018, Press release

For the complex European AnaCredit reporting, calling for the gradual establishment of the harmonized collection of granular credit and credit risk data, we were looking for a new vendor and screened the market for providers. Abacus doesn’t just meet the needs of our bank’s organization today it pushes further to anticipate future trends in regulation by integrating comprehensive functionality for reporting, risk calculations and controlling regulatory KPIs onto one single, scalable platform that can be tailored according to our local attributes.

Justė Karaliūtė, Head of Regulatory Reporting from Citadele Bank Lithuania / May 2018, Press release

As one of the leading providers of FinTech solutions our aim is to also improve and accelerate regulatory automatization and standardization. The RiskTech/RegTech solution ABACUS/DaVinci meets our standards and can be implemented flexibly in different areas. We use the solution ourselves, within the FinTech Group, and also include it in our B2B product portfolio for bank clients.

Frank Niehage, CEO, FinTech Group AG / August 2017, Press release

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