The challenge of regulatory reporting and the promise of DRR

The challenge of regulatory reporting and the promise of DRR

The complexities of regulatory reporting have increased over the past decade increasing the cost of reporting for financial institutions. According to the Bank of England Future of Finance Report, regulatory reporting costs the UK industry £2.0-£4.5 billion per year.

The Financial Conduct Authority (FCA) launched its project on Digital Regulatory Reporting (DRR) in November 2017. The objective of the project is to reduce the regulatory burden on firms, automate regulatory reporting, and improve the accuracy of reports submitted to the regulator.

This White Paper discusses the initiative and Suade's approach to regulatory reporting in more detail. Read the white paper by submitting the form below.

To find out more about how Suade is revolutionising regulatory reporting and driving innovation in financial services, please get in touch.

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