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Common Reporting (COREP)

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Common Reporting (COREP)

Background

COREP (the European Banking Authority’s common regulatory reporting framework) will be mandatory in the UK from 1 January 2013, and will require a significant increase in quantity and quality of data disclosures and more effective reporting processes and systems.

In this paper, we explain what COREP is all about, how you assess the impact and we look at a way forward for financial institutions to optimise their implementation and ultimately comply with the required regulation.

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