Regulatory Reporting

The FSA and other regulators are in the process of introducing mandatory electronic reporting as the vehicle for collecting data from the companies that they regulate. Clearly through automation the regulators are able to collect data more efficiently but more importantly it will allow them to automate the detection of suspect information. In time this may develop further as different regulators start to share and compare data.

For regulated companies this means that there is even greater need to ensure that all submissions are accurate and further pressure to satisfy the needs of different regulators in an integrated fashion.

Aspective has devised a set of services to help organisations adopt electronic reporting. We help companies formulate and implement strategies to satisfy a range of regulation in an integrated fashion as well building solutions to support individual compliance initiatives.

Aspective also has specific expertise in XBRL, the data interchange standard that is being adopted by many of the regulators.