Regulatory reporting: firms seek flexibility, automation and the cloud
This report, created by WatersTechnology in association with Regnology, focuses on the state of play across the industry with regard to regulatory reporting. It sheds light on current reg reporting platforms in use at buy-side and sell-side firms, the effectiveness of those solutions and the challenges facing firms around improving automation levels and dealing with large volumes of complex data from across the organisation.
Key findings include:
- 53.1% of respondents see the manually intensive nature of their workflows as their primary reg reporting challenge, while dealing with large data volumes and understanding the minutiae of the regulations were also cited as key challenges
- Most respondents are looking for flexibility to support new regulatory requirements in their ideal reg reporting platforms, while simplicity and intuitiveness are also important criteria.
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