Prudential Management & Regulatory Reporting

As the FCA increases its focus on prudential regulation the onus is on firms to demonstrate the financial viability and prudential compliance over a forward-looking horizon.

Our experienced team works with you to produce financial projections helping you to foresee future capital and liquidity needs and ensuring a smooth application process with the regulator.

Firms are required to maintain adequate financial resources at all times as a threshold condition of being regulated by the FCA.  This means keeping on top of capital adequacy and liquidity at least monthly in a timely manner.  It also means keeping an eye on the future for the impact of any known or reasonably foreseeable events and preventing any shortfalls ahead of time. 

We work with you to conduct this analysis of year-to-date and forecasted information to ensure you keep on top of capital adequacy and liquidity, providing early warnings and practical advice when we believe action is necessary.  This is particularly useful to firms whose internal or outsourced accounting function does not operate this on an embedded basis.

COREP submissions are among the most complex of regulatory reports and many firms are required to report on capital adequacy and asset encumbrance under this framework, not least driven by the complex underlying rules but exacerbated by the need for specialist software.

Our regulatory reporting team provides expert advice on the complex underlying calculations and assists in delivering timely and accurate reporting to you.  We use software on your behalf and submit COREP in the correct format via the FCA’s GABRIEL system.

Many firms are increasingly required to make public disclosures.

We provide a dependable, responsive and cost-effective solution with www.pillar3.eu – allowing you to host your disclosures on risk and capital adequacy, remuneration code, stewardship code and sustainable finance, meaning you need not maintain such disclosures in other locations such as your own website or statutory accounts.

With a multitude of sources of broad-ranging prudential rules, firms can experience difficulty with interpreting how they affect their business, both in general terms and on specific issues.

Our expert prudential consultants work with you to provide assistance with interpreting the rules in the FCA’s Handbook and specific advice on nuanced issues they face.  We also conduct health-check reviews of firms’ prudential governance, infrastructure and compliance, providing targeted feedback and advice on where enhancements can be made.