COREP FINREP Reporting: A Primer

In response to the global financial crisis, the European Commission decided that it was time that high quality regulatory reporting was implemented by scrutinising the financial data of companies in much more detail. Consequently, to align with the international bank capital requirements, on 20th July 2011, it submitted a number of proposals to implement the recommendations on Banking Supervision proposed (commonly known as the Basel III) by the Basel Committee.