The task of timely and correct generation of reporting has always been one of the most acute and urgent tasks of the main bank divisions. The December 16th workshop aroused lively interest of financial institutions, proving the urgency of this subject: over 70 banks representatives took part in the discussions.
Igor Shabanin, Head of the Analytics Division, Department of Reporting, spoke about legislative changes in regulatory reporting generation and resulting modifications of reporting forms. Main changes of legislation, defined in the CBR Instruction #2332-U “List, forms and procedure of reporting generation and presentation to the CBR”, dated November 12 2009, which will be applied next year, affect various reporting forms, including:
- Mandatory Reserves Fund,
- Form 110 “Decoding of individual indicators of crediting institutions activities” ,
- Form 115 “Information on crediting institutions quality of assets”,
- Form 117 “ Information on big loans”,
- Form 118 “Information on credit risk concentration”,
- Form 128 “Information on average weighted interest rates for funds provided by a crediting institution”,
- Form 129 “Information on average weighted interest rates for funds raised by a crediting institution”,
- Form 134 “Calculation of the bank owned capital” ,
- Form 157 “ Information on major creditors (depositors) of a crediting institution”, Form 202 “Report on cash flow turnover”,
- Form 302 “Information on placed and raised funds”,
- Form 401 “Report of an authorized bank on overseas operations”,
- Form 402 “Information on settlements between residents and non-residents for performance of work, rendering of services, data communication, provision of intellectual activities results and operations of non-trading nature”,
- Form 501 “Information on interbank credits and deposits”,
- Form 701 “Report on operations at the FX and money markets”.
In his report Igor Shabanin told participants of the conference about finalized and planned realization of changes in the Diasoft FA# solution. Participants of the workshop had a chance to get answers to their questions directly from the Diasoft analysts.
After the coffee-break, during which participants of the workshop had an opportunity to share their experience with colleagues and to talk, Ilia Kuznetsov, Head of Diasoft Reporting Department, presented the new approach to reporting generation and demonstrated capabilities of the Diasoft FA# Reporting solution.
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Diasoft FA# Reporting is an innovative specialized solution which covers a broad spectrum of reporting generation tasks, such as generation of CBR regulatory reporting, tax reporting, reporting in compliance with IRS, solution of analytical business goals. A peculiarity of the Diasoft FA# Reporting solution is automation of reporting generation as a business process in contrast to traditional reporting forms generation. This new approach adds more flexibility to the reporting generation, expands the spectrum of tasks being solved, improves trustworthiness of the received data and transparency of the entire process.
At present the specialized Diasoft FA# Reporting product for reporting generation tasks has gone through the pilot operation stage in five large Russian banks and is currently not only ready for production operation, but is in demand at the market, this fact is confirmed by successful projects where the solution has been operated . |
| | Ilia Kuznetsov, Head of Diasoft Reporting Department, stressed the importance of workshops on reporting generation issues: “We observe that such events arose acute interest of our customers. Reporting generation has critical importance for a financial institution activity and directly affects a bank’s reputation, financial stability and growth. And our objective is to ensure irreproachable performance of this process. |
