19 October 2017
Register now

Cde Solutions releases Resolution XBRL for FSA reporting regulations

21 April 2004  |  3592 views  |  0 Cde Solutions releases Resolution XBRL for FSA reporting regulations

UK-based cde Solutions has launched Resolution XBRL, a data integration platform designed specifically to enable firms to meet the FSA's Mandatory Electronic Reporting standards.

The FSA announced last month that mandatory electronic reporting will be introduced in April 2005 for all regulated UK businesses. Firms will be required to submit financial returns electronically - via the Web or system-to-system transfer - using the eXtensible Business Reporting Language (XBRL) format.

Cde says its Resolution XBRL system is one of the first commercially-available products that provides regulatory reporting using the standard. The vendor's Resolution technology provides an enterprise-wide platform to manage all aspects of compliance, from information integration and process deployment to reporting and policy enforcement. The new product extends the platform's capability to process information and export reports in XBRL.

Ray Dutton, CEO of cde Solutions, says the biggest barrier to compliance is the inflexibility of IT systems and the inability to collate, analyse and act on data buried deep in silos is preventing policies and procedures from being implemented and enforced.

"Without an enterprise compliance reporting framework, the FSA's Mandatory Electronic Reporting requirements are simply another technology headache for already overstretched IT department rather than the welcome reduction in the reporting admin burden that the FSA intended," he says.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

FSA fines RZB London for money laundering rule breaches

FSA fines RZB London for money laundering rule breaches

06 April 2004  |  8801 views  |  0 comments
FSA to introduce mandatory electronic reporting

FSA to introduce mandatory electronic reporting

31 March 2004  |  8780 views  |  0 comments
FSA fines Bank of Scotland £1.25m over money laundering checks

FSA fines Bank of Scotland £1.25m over money laundering checks

15 January 2004  |  10500 views  |  0 comments
Financial firms to increase investment in compliance

Financial firms to increase investment in compliance

12 December 2003  |  5858 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.fivedegrees.nlvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15542 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8730 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8376 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7822 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6976 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job