The Capital Requirement Regulation (CRR), the Insurance Supervision Act (VAG), the Solva regulations and the Large Exposures and Million Loans Ordinance (GroMiKV) result in far-reaching reporting obligations for fund companies if banks are invested in their funds.Contact us
The current CRR II regulation has been in force since June 30, 2021. Among other things, it contains two important innovations that primarily affect asset managers: 1. the obligation to conduct a complete, accurate review of all investment funds and 2. the mandatory certification of reports by an auditor.
The Insurance Supervision Act (VAG) regulates the state supervision of pension funds and insurance companies operating in Germany. The resulting reporting requirements are aimed at the ongoing fulfillment of contracts as well as the protection of customers.
The Large Exposures and Million Loans Ordinance (GroMiKV) of the German Federal Ministry of Finance defines extended reporting requirements for financial service providers and credit institutions.
The areas of application of these ordinances and laws overlap several times and each places high demands on the correctness and traceability of all data and calculations.
Capmatix Regulations integrated platform solution covers all components of CRR II -, VAG-, Solva- and GroMiKV-compliant reporting.
Mapping of the respective requirements of BaFin, EIOPA and BVI
Integration of all relevant data from data warehouse or fund accounting systems as well as third-party systems; acceptance of customer-specific formats
Accurate classification by risk weight, exposure class, credit quality/ratings, exposure and equity deduction items
Import and export of VAG data sheets, target and third-party funds and insurers' own investments
Secure data access via browser
Rule-based classification of fund holdings and direct investments according to CRR asset classes and VAG asset categories; derivation of risk weights
Recording, measurement, weighting and display of loans within the scope of GroMiKV
Optimisation of rating allocation; ensuring traceability through report overview and plausibility check
Integration of external portfolios and target funds via portfolio data, VAG data sheets and data providers (WM and Morningstar)
Complete traceability of all data and calculations
Quality check of data through consistency and plausibility checks
Fast plausibility checks in the event of queries from banks or insurance companies
Proof of regulatory correctness through reporting to KAG and investors
Cooperation and coordination with you preferred auditors (CRR II, Art 132)
Maintenance contract for consideration of regulatory requirements and interpretations
Multi-level classification process for maximum reduction of residual values
Optimised rating allocation for securities and issuers through agency ratings and qualified internal ratings
Multiple reviews of target funds for maximum transparency
Demonstrably optimal designation in accordance with regulatory requirements