PRA Strong & Simple Regime: Transforming Regulatory Reporting for Smaller Firms

Ethan Donnelly -

Thu, Sep 26, 2024, 4:30 PM - 5:30 PM BST

The regulatory reporting landscape for building societies is undergoing significant transformation. Upcoming announcements from the PRA, including Part 1 of the near-final Policy Statement PS17/23 and the PS15/23 for Small Domestic Deposit Takers, could signal a shift towards both simpler standards and enhanced requirements for risk management and reporting.

These potential changes, coupled with the ongoing uncertainty around Basel 3.1 reforms, present new challenges and opportunities for building societies. To stay ahead, financial institutions need agile, data-driven solutions that can adapt to evolving regulatory demands.

Suade's Regulation-as-a-Service platform is uniquely positioned to help building societies navigate this complex environment. Our solution offers:

  • Automation & Efficiency: Streamline data collection, validation, and reporting, freeing up valuable time and resources.
  • Regulatory Intelligence: Stay up-to-date with the latest regulatory changes and ensure compliance with confidence.
  • Data-Driven Insights: Gain a deeper understanding of your risk profile and make informed strategic decisions.

Agenda:

  • A look into the impact of recent PRA announcements and Basel 3.1 reforms.
  • Demonstrate how Suade's technology empowers building societies to meet these challenges head-on.
  • Hear directly from our clients about their pain points, challenges, and how Suade has transformed their regulatory reporting processes.
  • Provide a platform for you to ask questions and gain valuable insights.