Objective

• A large European bank wanted to offshore their LCR reporting process to achieve efficiencies in regulatory reporting operations across Australia, Indonesia, South Korea, Singapore, Hong Kong, India, Switzerland, U.K.
  

CRISIL's solution

• CRISIL offered the customer manage the LCR reporting process from India leveraging our regulatory reporting exposure, especially pertaining to Basel norms.
• Validation checks on the report downloaded from AXIOM 
• Issues identified – data related and business logic related 
• Raise errors to IT for a fix for day reporting
• Identify errors that require adjustments due to time needed for a fix
• Build consensus with the stakeholders for adjustment posting
• Post daily /monthly adjustments to errors
• Review for analysis of day-on-day movements in HQLA, Cash flows
• Pass commentary on day on day movements
• Take sign off from Treasury
• Obtain Treasury Sign off
• Upload daily LCR to AXIOM
• Submit to regulators
  

Client impact

• Cost optimization through reduced team size. 
• Eight legal entities LCR reporting managed by 6 FTEs leveraging the time zone difference
• Reporting by highly technical team with strong experience in Liquidity and regulatory reporting
  

Questions

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