Last year, a Luxembourg institution ran a CPDI-requested SCV stress test and discovered that 22% of its depositor records were flagged as not ready for straight-through compensation. Names did not match across accounts for the same depositor. NIN fields were blank for accounts opened before 2016. Omnibus accounts had been incorrectly excluded. The institution passed…
COREP and FINREP go to the supervisor. Pillar 3 goes to the public. That distinction is what makes Pillar 3 different from every other regulatory reporting obligation a Luxembourg bank carries. When your joint supervisory team or CSSF case officer reads your COREP submission, the audience is one. When your Pillar 3 report is published…
Introduction MiCAR (Markets in Crypto-Assets Regulation) creates the first comprehensive regulatory framework requiring crypto-asset service providers to implement authorization, prudential reporting, transaction monitoring, and incident notification systems. The Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114) represents the first unified rulebook for crypto-asset activities across the entire European Union. For reporting teams and compliance practitioners, MiCAR…
Introduction PSD2 reporting is not optional – payment institutions face multiple overlapping reporting obligations including statistical, prudential, fraud, incident, and complaint reporting, each with distinct deadlines, data sources, and regulatory recipients. Payment Services Directive 2 (Directive (EU) 2015/2366) fundamentally reshaped how payment institutions, e-money institutions (EMIs), account information service providers (AISPs), and payment initiation service…
What Is COREP and Why It Matters COREP stands for Common Reporting. It’s the standardized format through which EU banks and other regulated entities submit their prudential information, covering capital adequacy, risk exposure, asset quality, and liquidity data, to supervisory authorities. COREP is relevant to prudential reporting, regulatory finance and risk-reporting functions at institutions within…