XBRL UK, independent conference to clearly explore new banking regulation and compliance requirements
On Monday 17th June 2013, at The London Hilton on Park Lane, XBRL UK, a not-for-profit global organisation will be holding a one day conference to provide financiers with thorough insight into the new regulation soon to affect the banking industry.
From the 1st January 2014, the new banking regulation, Capital Requirements Directive (CRD IV) will impact banks as Europe comes into line with Basel III regulation; meaning thousands of additional risk and capital data will need reporting.
This will be a more complex and detailed reporting requirement seen to previous legislations; involving increased frequency, volume and detail of analysis.
The conference on June 17th aims to provide support to the financial community pending the implementation of the reporting framework, with key figures involved in regulating this change speaking at the event. Sharon Bowles, MEP and Chair of the European Parliament’s Economic and Monetary Affairs Committee will be addressing attendees with a keynote speech, followed by further sessions with; the European Central Bank, the European Banking Federation, the Bank of Spain, the International Monetary Fund, and the British Bankers’ Association.
Leading regulators, banks, service firms, investment bankers, compliance and technology platform providers should look to attend if they want clarity on this recently finalised regulation as it is vital to ensure the successful implementation of COREP and FINREP reporting under CRD IV.
Philip Allen, Chairman, XBRL UK comments; “This conference will provide a detailed and coherent insight into a new area which is still subject to some confusion within the industry. Key regulators will be on hand throughout the day to provide support and detailed answers to the preliminary questions or issues you would like addressing.” He continues,
“The schedule of the day will be broken into sessions ranging from regulatory objectives and the key management issues around compliance; to the benefits of COREP and FINREP reporting for the banks and the expectations for Big Data processing. The afternoon will be split in two, depending on your preference, be it the business or technical track. These presentations will be hosted by influential contributors, such as the EBA and top consulting firms and will be followed by panel discussions and a Q&A, where you will have a chance to address those issues where you need further clarification.”
Full details of the 'Preparing for CRD IV Reporting' conference, as well as information on how to register your attendance for €225 which includes all presentations, discussions, lunch and refreshments can be found HERE.