The Effectiveness of Regulatory Reporting by Banking Institutions
Alamaki, Patrik and Broby, Daniel (2019) The Effectiveness of Regulatory Reporting by Banking Institutions. University of Strathclyde, Glasgow.
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Abstract
This paper introduces the regulatory reforms that arose post the financial crisis, and discusses their effectiveness through reference to academic literature. The subsequent heightened reporting requirements, aided by technological developments, became key drivers of regulatory innovation. The term Regtech, which describes the commercial aspect of these, became a key theme in financial markets. The reporting solutions that emerged have the potential to improve regulatory compliance, by ameliorating data issues such as quality, transmission and integrity. The benefit of such developments is an improvement in analysis of reported data which will help cut costs and streamline the regulatory processes. We identify key trends in banking reporting functions that support this trend and we document the downsides of current reporting systems and propose how they can be improved. We discuss the technological solutions and offer some reporting insights proposed by prominent academics.
ORCID iDs
Alamaki, Patrik and Broby, Daniel ORCID: https://orcid.org/0000-0001-5482-0766;-
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Item type: Other ID code: 70901 Dates: DateEvent29 November 2019PublishedSubjects: Social Sciences > Finance Department: Strathclyde Business School > Accounting and Finance Depositing user: Pure Administrator Date deposited: 16 Dec 2019 11:55 Last modified: 28 Oct 2024 01:26 URI: https://strathprints.strath.ac.uk/id/eprint/70901