20 September 2017
Find out more

FCA turns to True North for XBRL filing

03 February 2014  |  1438 views  |  0 Source: CoreFiling

CoreFiling, the leading developer of XBRL (eXtensible Business Reporting Language) software used by regulators, government agencies and corporates world-wide, have announced that the UK's Financial Conduct Authority (FCA) has chosen CoreFiling's True North® XBRL validator for its EBA (European Banking Authority) reporting requirements and validation of Corep and Finrep filings from the UK financial market.

The FCA is responsible for the conduct supervision of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority. Under the new Capital Requirements Directive (CRD IV) the FCA, a National Competent Authority (NCA) reporting to the EBA, must now submit regular capital, exposure and risk data in XBRL format.

To help firms and NCAs comply with the new XBRL reporting regime, CoreFiling provide a range of XBRL solutions tailored to the size and complexity of the individual organisation.

Seahorse® offers a secure, cloud-based disclosure management platform for XBRL forms creation and report filing, with no software to install or maintain and a service providing constant compatibility with the current regulatory taxonomy. Where more complex integration with in-house business intelligence or data aggregation tools is required, CoreFiling's XBRL Disclosure Management Platform™ provides a comprehensive Corep/Finrep/Solvency II reporting framework, handling data collection, XBRL production and validation, XBRL document review and packaging ready for disclosure submission. True North® also provides the ultra-fast XBRL document validation and processing that underpins all CoreFiling products.

Philip Allen, Executive Chairman of CoreFiling said: "During the evaluation exercise CoreFiling were able to demonstrate the speed and accuracy of the True North validator and our deep understanding of XBRL. CoreFiling draws upon many years of experience implementing major XBRL projects, and offers a range of proven XBRL solutions to meet the needs of European regulators, National Competent Authorities and the investment firms for which they are responsible."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comvisit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
JPMorgan Chase chief says he would fire traders dealing in bitcoin for stupidityJPMorgan Chase chief says he would fire tr...
10543 views comments | 16 tweets | 29 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10087 views comments | 6 tweets | 17 linkedin
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
9475 views comments | 21 tweets | 39 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9003 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7431 views comments | 5 tweets | 4 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job