CoRep and FinRep: a "Frankenstein's monster" of reporting

Banks are being asked to report thousands of extra risk and capital data-points at the end of the first quarter next year – a huge increase in volume and complexity, with an aggressive deadline. And the list of items they need to report is still subject to change. Clive Davidson reports

For translators and other students of language, false friends are pairs of words from different languages that closely resemble each other in form but not in meaning: in Italian, stravagante means eccentric, but looks like it should mean extravagant; bellen is the act of barking in German, but phoning someone in Dutch; in Portugal, raro means rare, but in Spain it means strange. Other examples abound, providing lots of room for confusion between speakers of the 23 official languages of the