Kumaran Systems Logo
Banking Industry Solutions

Risk Reporting System

Risk Reporting System

Risk reporting is a major output from any risk management process facilitated through an efficient Risk management information system. Various reports are generated in the risk management divisions for management needs as well as to satisfy regulatory requirements.Until recently, many banks have been able to maintain regulatory reporting processes without material investment by using Excel and/or other internally developed applications. Over the last few years, however, regulators have been upgrading their requirements for reporting in order to generate timely, detailed, and correct information to support their prudential responsibilities. In parallel, and coinciding with the global financial crisis, banks have focussed on reducing costs as they repair their balance sheets and profitability measures. These two conflicting directions are significantly increasing regulatory reporting risks.

Business Challenges

Credit Risk Management departments of any Bank have a number of reporting responsibilities for which it needs to depend on a well-functioning IT system. For example, a wide range of disclosure reports must be created. While the Basel regulation prescribes template reports on portfolio management, the reporting system must be flexible enough to accommodate changes to these reports and the creation of additional reports quickly and easily.