RTK
REGULATORY
REPORTING
TOOLKIT

Streamlined regulatory reporting process

Data validation and reduction of rejected reports

Compliance with Solvency II, NSTs, IORP II, AnaCredit

Local storage of data

Want to learn more about our solution?

RTK – desktop application for regulatory reporting requirements

In response to market needs, the BR-AG team has designed RTK – an intuitive and easy to use solution that allows for quick and seamless business reporting, which can be compliant with all reporting frameworks based on XBRL and DPM. RTK enables users to create, edit, correct and validate XBRL instance documents and implement harmonised financial reporting in compliance with Solvency II, NSTs, IORP II, AnaCredit and CRD IV regulation.

BR-AG is in a unique position to provide an alternative Solvency II reporting toolkit

RTK has been designed with particular attention to the needs of customers looking for the next Solvency II reporting software. Since the BR-AG team provided technical advice on the original design and implementation of EIOPA’s T4U tool, we feel we understand both the technical and business needs of issuers. This experience has put us in a unique position to create a tool which serves as a reliable and solid solution to fit EIOPA’s taxonomies. On top of that:

  • We have 12+ years of experience designing and implementing XBRL-based solutions
  • We continue to provide advisory service to EIOPA on new versions of Solvency II taxonomy
  • We cooperate with issuers and regulators with the goal to collaboratively build efficient and stable regulatory data environments and governance
  • In over 12 years we have delivered more than 60 projects globally
  • We specialise in the area of financial regulations (i.e. Solvency II Basel Accord, MiFIR, MiFID II, IFRS, AnaCredit, BCBS239) and implementation of technical standards to fit regulatory requirements (i.e. XBRL, ISO20022, SDMX).

About IORP II directive

‘IORP II’, as it is known, is the new key European regulation for occupational pension schemes. IORP II was nearly three years in the making before being adopted in January 2017. National supervisory authorities throughout the EU have until 13 January 2019 to incorporate the Directive into national legislation.

Many of the affected pension funds consider it as an unwelcome challenge coming in the aftermath of the 2008 global financial crisis to mention Solvency II directive.

With a few months to go before IORP becomes effective, this would be an appropriate time to see how affected funds shall prepare for the operational change in order to embrace this regulation.

With the EIOPA’s XBRL submission requirements, it’s particularly urgent to draw the blueprint for the change in your business workflow for report generation, validation and submission. BR-AG aims to simplify the IORP II reporting for businesses by assisting companies with limited or no XBRL knowledge. There’s tremendous added value for a company to be equipped with reliable tools to make sure the reports get through without rejection or missing the submission deadline.

Supported reporting frameworks

  • EIOPA – Solvency II
  • ECB – add-on for EIOPA Solvency II
  • Central Bank of Ireland – National Specific Template
  • Dutch Central Bank – OTC derivatives
  • EBA – CRD IV
  • ECB – AnaCredit
  • EIOPA – IORP II
  • Bank of England – Capital Plus, Financial Statements
  • RTK can also support all other frameworks based on XBRL and DPM
  • Import-export functionalities
  • Validation results
  • Excluded combinations
  • Multi -dimensional context
  • Filterable open tables

User support

We provide full support for the tool. This includes maintenance resulting in stability and performance of RTK. Our experience in support of Solvency II Taxonomy and T4U development with EIOPA gives use unique ability to understand the needs of our clients. Our track record shows that we are able to deliver on our obligations in a timely and efficient manner. And also means that the further development of the tool will continue with the highest quality resulting in stability, performance and regular updates. If continuous enhancements and highly responsive and supportive team are the things that matter to you we have proven that during our previous projects.

Examples of customisation areas

Dependent on specific customer requirements we are ready to provide the following improvements:

  • RTK localisation
  • Local filing rules (non-XBRL)
  • System integration
  • Customer specific functionalities