Transcription of Regulatory Reporting Introduction and Overview
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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: Over 80 reports Different cuts Different definitions Different consolidation rules5 Purpose of Regulatory Reports Report design focuses on The need for data balanced by cost Robust review process is in place Dialogue with the financial services industry iskey to good report design46 Pitfalls Static databases Often cause significant classification errors Business lines need to.
The following day, the item will be debited to the customer’s demand deposit account. 49 General Ledger Example G/L DESCRIPTION OF ACCOUNT Section Assets Account name/#: Deferred Debits-DDArelated; 006-xxx Applicable to: Demand deposits in domestic offices Accounting Entries Debit: Deferred debits-DDA related 006-xxx Credit: Various accounts
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