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The RapidRep Reporting Suite is currently being successfully used in projects of several financial institutes as part of the EBA’s stress test. In recent years, the RapidRep Software developed by FINARIS was already able to assert itself in dealing with requirements of the prudential supervisory reporting, e.g. CoRep (Common Solvency Ratio Reporting) & QIS (Quantitative Impact Study), and it is in constant use in testing and reporting at various banks.

Especially with the current EU-wide stress test RapidRep’s strengths are shown clearly: the required numerical data need to be provided in an efficient, transparent and automated manner with a special emphasis on data quality. The RapidRep Reporting Suite provides just that and its integrated solution of a rule-based data quality evaluation with Excel rulebooks turns out to be viable and meet the requirements.

For current special prudential requirements like for example reporting the funding plans from 2015 on (final guidelines were just published by the EBA end of June), RapidRep is the right solution and if required FINARIS  can also support your project with professional know-how and experienced consultants.
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