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Home / Case / The unified regulation and reporting platform for a large commercial bank

The unified regulation and reporting platform for a large commercial bank

Pain Points

The rapid development of China's financial industry has seen an increase in financial institutions and financial business innovative products, which brings challenges to financial regulation. To prevent financial risks and maintain the stable development of the financial industry, the nation is tightening its regulation of financial institutions. Regulatory bodies with oversight of banks such as the People's Bank of China (PBoC), the China Banking and Insurance Regulatory Commission (CBIRC), the State Administration of Foreign Exchange (SAFE), and the National Audit Office of the People's Republic of China (CNAO) have also issued notices requiring banks to complete data reporting. Thus, financial institutions need to build a unified regulatory compliance system to meet regulatory requirements for different businesses.

In performing their supervisory duties, regulators adopt a combination of on-site inspection and off-site regulation, with off-site regulation as the main method. The main approach for off-site regulation is the submission of various types of banking regulatory data. Regulatory data has been an important tool for regulatory authorities to understand the data quality in financial institutions. After the publishing of the Notice Concerning Special Governance of Regulatory Data Quality, regulatory authorities enhanced the data governance of financial institutions, with ever-tighter supervision and stricter punishment.


Solution
With multi-faceted business development strategies, banks have been enriching financial products and refining businesses. Along with the strategies are increasingly stringent regulatory requirements, refined regulatory data, and the increasing demand for data analysis-oriented management apps. To increase management efficiency, refine management, automatic output rate, and data analysis system establishment of the statistical system, GienTech's smart regulation solution integrated the reporting system standards of CBIRC, PBoC, SAFE, and other regulatory bodies to create a unified regulatory compliance platform with a unified regulatory reporting architecture, unified data models, and a unified regulatory reporting platform. This construction contains modules such as data reporting of 1104 off-site regulation by the CBIRC, statistical sampling of deposits and loans by the PBoC, data reporting of deposits and insurance by the PBoC, data reporting of information technology risk by the CBIRC, and the standardization of EAST data.
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