Yang, W;
Koshiyama, AS;
(2019)
Assessing qualitative similarities between financial reporting frameworks using visualization and rules: COREP vs. pillar 3.
Intelligent Systems in Accounting, Finance and Management
, 26
(1)
pp. 16-31.
10.1002/isaf.1441.
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Abstract
Financial institutions are struggling with larger volume, more specific and greater frequency of regulatory reporting after the global financial crisis in 2008, especially those that need to report to multiple jurisdictions. To help to improve reporting efficiency, this paper aims to assess the existence of similarities between templates related to credit and counter party credit risk of COREP and Pillar 3 regulatory reporting frameworks by applying Correspondence Analysis and Association Rules Mining. Our results suggest a high degree of overlap between these reporting frameworks, more prominently the three business functions as Front office, Finance and Risk. These patterns can be used as guidance for financial institutions to reshape their reporting architecture.
| Type: | Article |
|---|---|
| Title: | Assessing qualitative similarities between financial reporting frameworks using visualization and rules: COREP vs. pillar 3 |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1002/isaf.1441 |
| Publisher version: | https://doi.org/10.1002/isaf.1441 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Regulatory Reporting Framework; Reporting Architecture; Correspondence Analysis; Association Rules Mining |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Computer Science |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10092520 |
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