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Consolidated Finance and Regulatory Data Approach

This regulatory reporting brief provides a view into the consolidated finance and regulatory data approach and benefits.


Regulatory reporting is a complex process involving the consolidation of data from various sources.

The consolidated finance and regulatory data approach can provide the foundation for firms to standardized and streamline their data management processes across the organization.

 

By integrating data from multiple systems into a unified framework, firms can enhance accuracy, improve compliance, and reduce the time and resources required for reporting. This approach not only simplifies the regulatory reporting process but also enables better decision-making and strategic planning by providing a comprehensive view of financial and regulatory information.

 

Our brief linked below will cover the following topics:

  1. Overview of the consolidated finance and regulatory data approach

  2. Key questions and challenges addressed by adopting this approach

  3. Benefits realized from adopting the consolidated finance and regulatory data approach

Download the full brief

Contributors of this article are:

  • Alberto Rosello, Executive Director, Ernst and Young LLP
  • Fatima Z Deme, Senior Manager, Ernst and Young LLP
  • Matthew Sandlin, Senior Manager, Ernst and Young LLP
  • Vandana Prasanna Kumar, Manager, Ernst and Young LLP
  • Ketakee Sonawane, Senior, Ernst and Young LLP

Summary 

The regulatory landscape has been continuously evolving in the recent years, bringing with it the need for organizations to have better data management processes enabling finance and regulatory reporting. The consolidated finance and regulatory data approach can help provide a wholistic and standardized view of the financial organizations data supply chain, and enable transparency, accuracy and consistency in their reporting framework and architecture.

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