Regulatory Reporting Requirements
Expert-defined terms from the Compliance and Regulatory Auditing course at London School of Planning and Management. Free to read, free to share, paired with a professional course.
AIFMD stands for Alternative Investment Fund Managers Directive, a European Unio… #
Related terms include UCITS, AIF, and EuVECA. AIFMD aims to provide a harmonized framework for the regulation of alternative investment fund managers, enhancing investor protection and promoting a stable financial system.
AML refers to Anti #
Money Laundering, a set of regulations and procedures designed to prevent the laundering of illicit funds. Related terms include CTF, KYC, and PEP. AML regulations require financial institutions to implement effective controls to detect and report suspicious transactions, ensuring the integrity of the financial system.
Annual Report is a comprehensive document that provides an overview of a company… #
Related terms include Financial Statements, Auditor's Report, and Management's Discussion and Analysis. The Annual Report typically includes information on the company's financial performance, governance structure, and strategic objectives.
APRA stands for Australian Prudential Regulation Authority, the primary regulato… #
Related terms include ASIC, APRA guidelines, and prudential standards. APRA is responsible for ensuring the safety and soundness of deposit-taking institutions, insurance companies, and superannuation funds.
Asset Classification is the process of categorizing assets into different cla… #
Related terms include Asset valuation, Asset management, and Risk-Based approach. Asset classification is essential for financial institutions to manage their exposure to different types of assets and maintain a stable balance sheet.
Audit Committee is a committee of the board of directors responsible for oversee… #
Related terms include Audit committee charter, Audit planning, and Internal control. The Audit Committee plays a crucial role in maintaining the quality of financial reporting and ensuring compliance with regulatory requirements.
Audit Risk is the risk that an auditor may not detect material mistakes o… #
Related terms include Audit risk model, Risk assessment, and Audit procedure. Audit risk is a critical consideration for auditors, as it can impact the reliability of financial statements and the confidence of stakeholders.
BAC stands for Bank for International Settlements, an international organization… #
Related terms include BIS guidelines, Basel Accords, and Financial stability. BIS plays a vital role in setting international standards for banking supervision and promoting a stable financial environment.
Basel Accords are a set of international agreements that aim to enhance t… #
Related terms include Basel committee, Basel capital, and Risk-Based approach. The Basel Accords provide a framework for banks to manage their risk exposure and maintain adequate capital levels.
Capital Adequacy Ratio is a measure of a bank's capital adequacy, calcula… #
Related terms include Capital requirements, Risk-Weighted Assets, and Basel Accords. The Capital Adequacy Ratio is a critical metric for banks, as it determines their ability to absorb losses and maintain a stable balance sheet.
CBRC stands for China Banking Regulatory Commission, the primary regulator of th… #
Related terms include CBRC guidelines, Chinese banking regulations, and Financial stability. CBRC is responsible for ensuring the safety and soundness of Chinese banks and promoting a stable financial environment.
CDD stands for Customer Due Diligence, a process of verifying the identity</i… #
Related terms include KYC, AML, and CTF. CDD is essential for financial institutions to prevent money laundering and terrorist financing and maintain a reputable customer base.
CEBS stands for Committee of European Banking Supervisors, a European Union comm… #
Related terms include CEBS guidelines, European banking regulations, and Financial stability. CEBS plays a vital role in setting European standards for banking supervision and promoting a stable financial environment.
CFT stands for Combating the Financing of Terrorism, a set of regulations and pr… #
Related terms include AML, KYC, and PEP. CFT regulations require financial institutions to implement effective controls to detect and report suspicious transactions, ensuring the integrity of the financial system.
Code of Conduct is a set of principles and guidelines that outline the behavi… #
Related terms include Code of ethics, Compliance program, and Risk management. The Code of Conduct is essential for maintaining a positive corporate culture and promoting a compliant and responsible work environment.
Compliance Function is a department or team responsible for ensuring that a fina… #
Related terms include Compliance officer, Compliance program, and Risk management. The Compliance Function plays a critical role in maintaining the integrity of the financial institution and preventing non-compliance risks.
Compliance Officer is a person responsible for overseeing the compliance … #
Related terms include Compliance committee, Compliance program, and Risk management. The Compliance Officer is essential for ensuring that the financial institution maintains a compliant and responsible work environment.
Compliance Program is a set of policies, procedures, and controls designe… #
Related terms include Compliance officer, Compliance function, and Risk management. The Compliance Program is essential for maintaining the integrity of the financial institution and preventing non-compliance risks.
Confidentiality is the principle of maintaining the secrecy and confid… #
Related terms include Data protection, Information security, and Client confidentiality. Confidentiality is essential for maintaining the trust and confidence of clients and stakeholders.
Consumer Protection is a set of regulations and procedures designed to protect t… #
Related terms include Consumer protection laws, Financial inclusion, and Fair lending practices. Consumer Protection is essential for maintaining a fair and transparent financial market.
Corporate Governance is the system of rules, practices, and processes by… #
Related terms include Corporate governance code, Board of directors, and Executive compensation. Corporate Governance is essential for maintaining a responsible and accountable corporate culture.
Credit Risk is the risk that a borrower may default on a loan or credi… #
Related terms include Credit risk management, Credit scoring, and Loan loss provisioning. Credit Risk is a critical consideration for financial institutions, as it can impact the quality of their loan portfolio and solvency.
Data Protection is the principle of maintaining the security and confi… #
Related terms include Data protection laws, Information security, and Client confidentiality. Data Protection is essential for maintaining the trust and confidence of clients and stakeholders.
Deposit Insurance is a system that protects depositors in the event of a bank <i… #
Related terms include Deposit insurance scheme, Bank guarantee, and Financial stability. Deposit Insurance is essential for maintaining confidence in the banking system and preventing bank runs.
Derivatives are financial instruments that derive their value from an underlying… #
Related terms include Derivatives trading, Derivatives regulation, and Risk management. Derivatives are used to manage risk exposure and speculate on price movements.
Due Diligence is the process of conducting a thorough review and analy… #
Related terms include Due diligence checklist, Due diligence report, and Risk assessment. Due Diligence is essential for making informed investment decisions and mitigating risks.
EMIR stands for European Market Infrastructure Regulation, a European Union regu… #
Related terms include EMIR requirements, OTC derivatives, and Trade repository. EMIR aims to enhance the transparency and stability of the derivatives market.
EU stands for European Union, a political and economic union of 27 European coun… #
Related terms include EU regulations, EU directives, and European integration. The EU plays a vital role in promoting economic integration and cooperation among its member states.
FATCA stands for Foreign Account Tax Compliance Act, a United States law that re… #
S. account holders. Related terms include FATCA regulations, FATCA compliance, and Tax evasion. FATCA aims to prevent tax evasion and promote transparency in international financial transactions.
Financial Reporting is the process of preparing and presenting financial stat… #
Related terms include Financial reporting standards, Financial statements, and Auditor's report. Financial Reporting is essential for maintaining transparency and accountability in the financial markets.
FRS stands for Financial Reporting Standards, a set of accounting standards</… #
Related terms include FRS requirements, IFRS convergence, and Accounting policies. FRS provides a framework for companies to prepare financial statements that are comparable and reliable.
GAAP stands for Generally Accepted Accounting Principles, a set of accounting <i… #
Related terms include GAAP requirements, IFRS convergence, and Accounting policies. GAAP provides a framework for companies to prepare financial statements that are comparable and reliable.
Governance is the system of rules, practices, and processes by which a co… #
Related terms include Corporate governance code, Board of directors, and Executive compensation. Governance is essential for maintaining a responsible and accountable corporate culture.
IAS stands for International Accounting Standards, a set of accounting standa… #
Related terms include IAS requirements, IFRS convergence, and Accounting policies. IAS provides a framework for companies to prepare financial statements that are comparable and reliable.
IFRS stands for International Financial Reporting Standards, a set of accounting… #
Related terms include IFRS requirements, IAS convergence, and Accounting policies. IFRS provides a framework for companies to prepare financial statements that are comparable and reliable.
Insider Dealing is the practice of buying or selling securities based on conf… #
Related terms include Insider trading, Insider dealing regulations, and Market abuse. Insider Dealing is a serious offense that can undermine the integrity of the financial markets.
Internal Audit is a department or team responsible for evaluating the effecti… #
Related terms include Internal audit function, Internal control, and Risk assessment. Internal Audit plays a critical role in maintaining the integrity of the company's financial reporting and compliance with regulatory requirements.
Internal Control is a system of policies, procedures, and controls design… #
Related terms include Internal control framework, Internal audit, and Risk management. Internal Control is essential for maintaining the integrity of the company's financial reporting and compliance with regulatory requirements.
KYC stands for Know Your Customer, a process of verifying the identity an… #
Related terms include KYC requirements, AML, and CTF. KYC is essential for financial institutions to prevent money laundering and terrorist financing and maintain a reputable customer base.
Liquidity Risk is the risk that a company may not have sufficient liquid … #
Related terms include Liquidity risk management, Liquidity ratio, and Cash flow management. Liquidity Risk is a critical consideration for companies, as it can impact their ability to meet their financial obligations.
Market Abuse is the practice of manipulating or distorting the price of s… #
Related terms include Market abuse regulations, Insider dealing, and Market manipulation. Market Abuse is a serious offense that can undermine the integrity of the financial markets.
Market Risk is the risk that the value of a company's assets or securities</b… #
Related terms include Market risk management, Market volatility, and Hedging strategies. Market Risk is a critical consideration for companies, as it can impact their financial performance and solvency.
MiFID stands for Markets in Financial Instruments Directive, a European Union re… #
Related terms include MiFID requirements, MiFID II, and Financial instrument regulation. MiFID aims to enhance the transparency and efficiency of the financial markets.
Money Laundering is the practice of concealing the origin and ownershi… #
Related terms include Money laundering regulations, AML, and CTF. Money Laundering is a serious offense that can undermine the integrity of the financial system.
Operation Risk is the risk that a company's operations may be disrupted o… #
Related terms include Operational risk management, Operational control, and Business continuity planning. Operational Risk is a critical consideration for companies, as it can impact their ability to deliver their products and services.
PEP stands for Politically Exposed Person, an individual who holds a prominen… #
Related terms include PEP definition, PEP risk, and AML. PEPs are considered high-risk customers due to their potential involvement in corrupt or illicit activities.
Regulatory Capital is the minimum amount of capital that a financial inst… #
Related terms include Regulatory capital requirements, Basel Accords, and Risk-Based approach. Regulatory Capital is essential for maintaining the safety and soundness of the financial institution.
Regulatory Reporting is the process of submitting reports to regulatory autho… #
Related terms include Regulatory reporting requirements, Compliance program, and Risk management. Regulatory Reporting is essential for maintaining the integrity of the financial institution and demonstrating compliance with regulatory requirements.
Risk Management is the process of identifying, assessing, and mitigating … #
Related terms include Risk management framework, Risk assessment, and Risk mitigation strategies. Risk Management is essential for maintaining the stability and solvency of the company.
Risk #
Based Approach is a method of managing risks that involves assessing the likelihood and impact of potential risks. Related terms include Risk-Based approach, Risk assessment, and Risk mitigation strategies. The Risk-Based Approach is essential for maintaining the stability and solvency of the company.
Solvency is the ability of a company to meet its long #
term debts and obligations. Related terms include Solvency ratio, Solvency capital, and Regulatory capital. Solvency is essential for maintaining the stability and soundness of the company.
Tax Evasion is the practice of avoiding or evading tax obligations #
Related terms include Tax evasion regulations, Tax avoidance, and FATCA. Tax Evasion is a serious offense that can undermine the integrity of the tax system.
UCITS stands for Undertakings for Collective Investment in Transferable Securiti… #
Related terms include UCITS directive, UCITS compliance, and AIFMD. UCITS aims to provide a harmonized framework for the regulation of collective investment schemes and promote a stable financial environment.
XBRL stands for eXtensible Business Reporting Language, a language used to ta… #
Related terms include XBRL taxonomy, XBRL instance, and Financial reporting. XBRL is essential for maintaining the transparency and efficiency of financial reporting.