How does the Automated Reporting Tool ensure compliance with regulatory bodies?

ART uses validation libraries from EBA, ECB, SRB, and national supervisors, updated continuously by PwC experts.

Can the Automated Reporting Tool be customised for specific bank requirements?

Yes, the Automated Reporting Tool supports client-specific validation libraries and tailored implementation support.

Financial sector

Future of Finance

Automated Reporting Tool

PwC’s Automated Reporting Tool solution is designed to support your financial institution to enhance its regulatory reporting. It offers a comprehensive suite of capabilities, including validations, risk analytics, Pillar 3 mapping and disclosure, as well as export functionalities in submittable XBRL-CSV/XML formats. With support for over 10,000 validation rules, the Automated Reporting Tool ensures institutions meet supervisory requirements efficiently and accurately. Additionally, its robust risk analytics dashboard feature incorporates more than 900 key risk indicators, empowering your institution to gain deeper insights on its risk trends and maintain compliance with precision.

Description

Financial institutions face increasing complexity in regulatory reporting demands in frequency, scope, and complexity. The Automated Reporting Tool simplifies this process. It does this by applying a comprehensive engine that executes more than 10,000 integrity, consistency, and plausibility validations across COREP, FINREP, and other supervisory reports. It also provides period on period analysis of risk trends, and export of reports in supervisor-required formats. It ensures full compliance with EBA, ECB, SRB, and national supervisors, improving reporting quality and reducing manual effort.

The Automated Reporting Tool is a web-based application designed to streamline regulatory reporting for your financial institution. It supports importing regulatory reports in multiple formats (Excel, XML, XBRL), validates them using over 10,000 rules from various supervisory bodies, and exports them in XBRL-CSV/XML format. The Automated Reporting Tool includes a Risk Analytics Dashboard with more than 900 Key Risk Indicators across 20 risk categories, enabling period-on-period analysis of risk trends and providing your financial institution with the ability to use the same parameters used by the supervisor in different ways, including risk assessment. It also supports the generation of Pillar 3 disclosures by extracting required data from XBRL reports based on the mapping provided by EBA. The Automated Reporting Tool is flexible, scalable, and continuously updated by PwC regulatory experts. It is suitable for financial institutions of all sizes in Europe and integrates client-specific validation libraries. With encrypted client databases and cloud-based updates, the Automated Reporting Tool offers a secure and up-to-date solution for your regulatory compliance.

Report Validation

Validates reports using 10,000+ rules from EBA, ECB, SRB, national supervisors and additional validations built by PwC regulatory experts. In addition, you can build your own validation libraries (if needed) based on your requirements and needs.

Risk Analytics Dashboard

Provides more than 900 Key Risk Indicators for multi-period analysis and supervisory insights.

XBRL Export

Exports validated reports in XBRL format for direct submission to regulators.

Pillar 3 Mapping and Disclosures

Extracts required info from XBRL reports previously submitted to regulators (e.g., COREP, FINREP, LCR, NSFR, etc.) and generates Pillar 3 disclosures based on the mapping provided by EBA. Also provides validation and mapping reports, to help you understand the origin and the flow of the data.

Approach

PwC delivers the Automated Reporting Tool as a cloud-based service, supporting implementation and tailoring features to your needs.

Import Reports

Upload reports in Excel, XML, or XBRL format.

Run Validations

Apply validation rules from multiple supervisory bodies.

View Results

View the results of the analysis, including validations, and export the results.

Export Reports

Generate XBRL and Excel reports for review and submission.

Benefits

Flexible Scope

Supports multiple taxonomies and expands with client needs.

Expert Support

Backed by PwC regulatory and XBRL specialists.

Secure Data

Uses encrypted databases with no data storage.

Fast Processing

Handles large datasets quickly via dedicated servers.

FAQ

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