Regulatory Reporting Simplifier

A PwC Product

Regulatory costs are expected to increase substantially in Singapore - are financial institutions prepared? Our solution provides guidance to generate regulatory reporting forms for Capital Markets Services License holders under the Monetary Authority of Singapore (“MAS”) accurately and efficiently.

The associated risks and challenges keep growing:

  • As regulations are updated, organisations have limited bandwidth to keep up with, let alone stay ahead of evolving regulations.
  • Human error is inevitable when it comes to repetitive regulatory reporting processes.
  • There is limited assurance of consistency across periodic returns submission.
  • There is a lack of trusted and fit-for-purpose tool to simply the reporting preparation process.

Regulatory Reporting Simplifier

A PwC Product

Regulatory costs are expected to increase substantially in Singapore - are financial institutions prepared? Our solution provides guidance to generate regulatory reporting forms for Capital Markets Services License holders under the Monetary Authority of Singapore (“MAS”) accurately and efficiently.

The associated risks and challenges keep growing:

  • As regulations are updated, organisations have limited bandwidth to keep up with, let alone stay ahead of evolving regulations.
  • Human error is inevitable when it comes to repetitive regulatory reporting processes.
  • There is limited assurance of consistency across periodic returns submission.
  • There is a lack of trusted and fit-for-purpose tool to simply the reporting preparation process.

The Regulatory Reporting Simplifier does just what its name promises - it simplifies your organisation's regulatory reporting.

Lady touching computer with charts.

Automated and guided form population

The solution provides accurate guidance to generate regulatory reporting forms for Capital Markets Services License holders under the Monetary Authority of Singapore (“MAS”) accurately.

Maintains integrity of data

Tailored specifically for MAS reporting, the Regulatory Reporting Simplifier is able to systematically classify each account via built-in data validation, aggregation and analysis.

One source of truth

The solution provides systematic and transparent preparation and review process of the MAS forms and simulation tools and visualisation of business performance to aid in management's decision making.

A seamless implementation

The implementation of the Regulatory Reporting Simplifier is designed with a seamless user experience in mind with six key steps:
  1. Preparer uploads trial balance of past and present financial year.
  2. Data validation checks and automated mapping of accounts to MAS forms.
  3. Guidance for user to allocate accounts to MAS forms.
  4. Data validation checks and email notification generated to reviewer.
  5. Review of prepared forms and forms are ready for submission!
  6. Simulation tool for scenario-based management decisions.

Outcomes for your organisation

With the whole picture in one place, streamlining your regulatory reporting has never been more convenient.
Streamline your compliance

Streamline your compliance and regulatory reporting to improve efficiencies and focus effort to solve important problems.

Mitigate your risks

Mitigate the risk of likely human error and ensure consistency across periodic returns submission.

Understand regulations

By having a trusted and fit-for purpose solution which provides a clear understanding of the regulations impacting your organisation, you can efficiently identify issues and assess priority and level of response.

Be future-ready

You will not just be keeping up with regulations - you will be equipped to stay one step ahead and not be caught off-guard.

Streamline your compliance

Streamline your compliance and regulatory reporting to improve efficiencies and focus effort to solve important problems.

Mitigate your risks

Mitigate the risk of likely human error and ensure consistency across periodic returns submission.

Understand regulations

By having a trusted and fit-for purpose solution which provides a clear understanding of the regulations impacting your organisation, you can efficiently identify issues and assess priority and level of response.

Be future-ready

You will not just be keeping up with regulations - you will be equipped to stay one step ahead and not be caught off-guard.

Request a demo

To know more about Regulatory Reporting Simplifier, please fill in the following form and we will be in touch with you.