Reserve Bank of India
COMPLIANCE & ANALYTICS SOLUTIONS FOR CENTRAL BANKS
Our work with the Reserve Bank of India (RBI) - one of the earliest XBRL projects among central banks in the world - started with defining their XBRL roadmap and ever since we have partnered in their XBRL journey. We have a global solution offering for Central Banks and this covers the international Basel II and Basel III standards.
BENEFITS FOR CENTRAL BANKS
-
BANKING TAXONOMY
Develop and implement multidimensional XBRL taxonomies for central banks covering capital adequacy, risk reporting and solvency ratios.
-
CAPITAL ADEQUACY REPORTING
We have developed extensive XBRL reporting for central banks to regulate capital adequacy within banks based on Basel II & III standards.
-
END TO END XBRL SOLUTION
Comprehensive solution beginning with data collation and report creation by financial institutions to analysis of the reported XBRL data by the central bank's stakeholders.
-
EFFICIENT REPORT
Our platform solution performs stably and scales well under continuous and voluminous filing, the usual characteristics in bank reporting.
-
DATA READY FOR ANALYSIS
No need to work with reported data to make them analysis ready. With our solutions the XBRL tagged data can be flown into analysis or comparison templates without transforming data manually.
-
AUTOMATED FILINGS
Reporting banks benefit by eliminating the need to manually process, compute and file reports with the central bank. Our solutions need a one-time setup and there on the accuracy and integrity of data is maintained by the automated process.
-
STRAIGHT-THROUGH PROCESS
Data in the report templates is sourced directly from the reporting financial institutions’ central data repository with no manual intervention. This ensures that the data submitted with the Central Bank will always be trustworthy.
-
INTEROPERABILITY
With a banking XBRL taxonomy Central Banks can effectively promote interoperability across financial information systems in the industry they regulate, making information more accessible and transparent.
Our OFFERINGS
- Products
- Services
-
IRIS iDEATE
Taxonomy Development
-
IRIS iFILE
XBRL Filing Platform
-
IRIS DCP
IRIS’ Data Consumption Platform
OUR CUSTOMERS
TESTIMONIALS
CASE STUDIES
-
In January 2015 the Department of Business Development (DBD) under the Ministry of Commerce (MoC), Thailand introduced XBRL for voluntary electronic submission (e-filing) of financial statements of legal entities /businesses for the FY2015 reporting period and onwards. This was done to facilitate rapid and accurate disclosures, vital for transparency, efficiency and accountability.
More Case Studies
BLOG
-
What is ESG? ESG stands for Environmental, Social, and Governance (ESG). It is a business review of a company’s economic, environmental and social impacts, caused by everyday business operations and activities.
WHITE PAPERS
-
SEC announced on June 13, 2016 that it will allow companies to voluntarily file structured financial statement data in Inline XBRL. What Does this Announcement Mean for Filing Companies? Read our White Paper on Comprehending SEC's Inline XBRL Filing for filers.