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HCL Technologies

A New Approach to Regulatory Compliance

A New Approach to Regulatory Compliance

Banks should automate the production of regulatory reporting to be able to achieve regulatory compliance at a reduced cost and on time. Regulatory reporting factories can thus be built on an end-to-end model, including technology componentry, date re-use and transformations.

A FRAMEWORK FOR ‘REGULATORY REPORTING FACTORY’ CONSTRUCTS: There are 5-6 (the number may vary by financial institution and sometimes country, depending on granularity and grouping of processes, etc.) key services areas involved when producing regulatory reports, which may briefly be characterized as follows: Data Management, Governance & Control, Report Development and production, Process Closure

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