Abacus360 Regulator complies with the requirements of the regulatory frameworks of global regulations from the BCBS, the European Central Bank (ECB), the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) as well as with the local requirements of national supervisory authorities.
Abacus360 Regulator provides standard reporting content for numerous jurisdictions but also facilitates flexible integration of jurisdiction-specific requirements via the Template and the Calculation Designer. BearingPoint takes care of constant regulatory maintenance, for example with regard to CoRep, FinRep, AnaCredit and Solvency II.
By means of a user-friendly interface, the system provides a comprehensive functionality for data analysis, auditing, sign-off and generating supervisory datasets and manual interventions at every step of the operational supervisory as well as analytical or statistical processes.
The Enhanced Collection component provides intelligent features to facilitate a streamlined reporting process:
The Analytics Components offers regulatory-specific business intelligence functionality, creating transparency through the growing amounts of increasingly complex data. The fundamental Analytics Components modules are:
The Analytics Component of Abacus360 Regulator creates transparency for the growing and increasingly complex data allowing for risk-based supervision. Based on standardized smart cubes for relevant statistics or supervisory topics, Abacus360 Regulator offers a wide range of analysis capabilities enabling supervisors to execute easily definable evaluations according to specific, customized parameters and to clearly present results related to specific reference and remittance dates, thus facilitating analysis of developments over longer periods in form of time series possibly identifying outliers as well as benchmarks and comparison of firms. All report results can be exported to standard Office applications. Moreover, Abacus360 Regulator provides an ETL functionality for export to BI systems.
Additionally, Abacus360 Regulator provides new possibilities for the integration of regulatory KRIs within overall data management with the conceptual offering of Regulatory Management. Through easily and flexibly defined scenarios, supervisors can simulate changes to the regulatory KRIs e.g. due to market changes.