Transcription of Regulatory Reporting Introduction and Overview
{{id}} {{{paragraph}}}
Example: marketing
Regulatory Reporting Introduction and Overview
10 April 26, 2012 Regulatory Reporting Best PracticesRegulatory ReportingIntroduction andOverviewKenneth Lamar22 Objectives What are the goals of Regulatory Reporting ? Where are the pitfalls? How to mitigate these?3 Purpose of Regulatory Reports Regulatory reports are collected for many purposes: Monitoring safety and soundness on the individual legalentity level ( , Regulatory capital) Monitoring systemic risk in the banking and financialsystems Monetary Policy (measurement and operations) Cross border flows (individual exposures and position ofcountries) Compliance34 Purpose of Regulatory Reports This results in the Federal Reserve Systemcollecting.
Accounting Accurate posting Adequate account review and reconciliation Inadequate controls result in misstated regulatory reports and inaccurate and unreliable financial records. Best Practices Employees are properly trained on performing accounting functions. Automated accounting systems have adequate input and processing controls.
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: