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Regulatory reporting solutions

"The CSSF would like to remind the bank’s authorised managers of their responsibility to ensure the reliability of the regulatory reporting" CSSF's Circular Letter dated 28 January 2020, after observing an increasing number of instances where institutions missed / incorrectly reported their regulatory requirements. 

This is not a secret anymore, banks are facing unprecedented amount of changes in regulatory reporting on a daily basis while managing other issues and need expertise assistance into to maintain accuracy in their reporting.

Service Suite

In this continuously evolving reporting environment, the institutions may face some difficulties to fully comply with their reporting duties. PwC has set up a team of dedicated experts to help its clients to address these new challenges. Our experts cover Finrep, Corep and Liquidity reporting and closely follow the regulatory changes in order to always offer an updated solution to our clients. The non-exhaustive list of services below is customisable to your needs:

Assistance to the regulatory reporting production

One (or more) of our team members assist(s) your team in producing the regulatory reporting, directly under the supervision of your risk/reporting officer. We can also propose to produce your regulatory reporting using our regulatory reporting tool.

Review & challenge of your reporting prior to submission

Our team will review your reporting and challenge the consistency across the figures, the classification, the risk weights used, prior to the submission to the supervisor. 

Trainings & Workshops

In collaboration with PwC Academy, our people are able to offer tailored trainings to your team. This is a perfect way to be aware of main consistency checks, get a view of the interactions between the reports and make the link between theory and practice. These trainings offer case studies and can be customised following your specific requests.

Internal reporting

We leverage on the regulatory reporting to create customised monitoring tools for your risk and liquidity indicators. We ensure consistency between external reporting and internal reporting. This also includes figures presented in your recovery plan and ICAAP.

Implementation of new regulations

We update or implement new working papers in order to be ready to cope with upcoming changes in the regulatory framework and transfer the knowledge to your team.

Challenge reporting assumptions

The Banks usually use some shortcuts or assumptions to decide how to allocate items within their regulatory reports. We propose you to challenge the underlying assumptions with regards to the regulation and to document the analysis.

Review/Update/Creation of working papers

We review, improve or implement within the Bank clear working papers that can be created in collaboration with your team members. The ultimate objective is to smooth your reporting process and allow knowledge sharing. We can also draft the underlying procedures and/or update existing ones.

Assistance for the external audit process

Thanks to a strong experience in the audit of regulatory reporting we are able to identify auditors needs. Our team will help you to gather the information upfront and answer auditors questions by preparing a comprehensive package ready to be shared with them.

"Hot Line" assistance

We remain at the disposal of your reporting officer to guide him/her in case of doubts or questions during the reporting process.

Contact us

Jean-Philippe Maes

Risk & Regulatory Partner, PwC Luxembourg

Tel: +352 49 48 48 2874

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