Regulatory reporting

Regulatory reporting involves collecting and submitting data to the regulator. It is one of the key tools used to monitor firms’ financial stability, governance and compliance with threshold conditions.

For many firms, submitting returns through the FCA’s Regdata system is their main point of regulator interaction. The FCA is increasingly more data led in their supervision and expects returns to be accurate.

Why accurate data reporting matters

Inaccurate, incomplete or late submissions can result in regulatory queries and increased scrutiny. Questions raised in relation to returns can escalate quickly into concerns over a firm’s capital, liquidity adequacy, governance and risk management frameworks.

Accurate, complete and timely regulatory data is essential. Regulatory reporting should not be viewed as a mere compliance exercise; rather, it is a key component of a firm’s governance and risk management framework.

Producing high-quality data enables firms to identify potential issues, such as emerging capital deficits or other prudential concerns, at an early stage, ideally before they are identified by the regulator. Early detection provides management with the opportunity to investigate, remediate and, where necessary, notify the FCA in a controlled and transparent manner.

Robust regulatory reporting therefore not only supports compliance with prudential requirements but also demonstrates a firm’s commitment to meeting its obligations.

We’re here to help

We can help with the preparation, review and submission of your regulatory returns, both financial and non-financial. Our prudential team has a blend of accounting and risk / audit backgrounds and regulatory expertise. We don’t just fill in the forms -we understand the underlying regulations and can interpret the rules. If required, we can review returns before submissions, providing a four-eyes check.

Our approach

We begin with a detailed review of your business model and the regulatory obligations that apply to you. From here, we assess your existing reporting framework and management information that feeds into it, shaping this into data that can be used for this period and in future submissions.

We can provide this support on a one-off basis or offer quality assurance on returns for every reporting period, reducing the burden on your firm’s senior management.

Although some returns may appear simple, there are detailed rules behind the calculations, and this is often an area that finance and compliance teams find challenging. By using Ocorian, you can focus on areas of the business that require your expertise while reducing the risks of non-compliance and errors.

Regulatory reporting in the US and Asia

Our local experts based in Chicago, New York, Singapore and Hong Kong can help with specialist reporting in whatever jurisdiction you need. Find out more about our international regulatory reporting.