Assessing qualitative similarities between financial reporting frameworks using visualization and rules: COREP vs. pillar 3 | Zendy

Yang Wenmei | Zendy; Koshiyama Adriano S. | Zendy

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Assessing qualitative similarities between financial reporting frameworks using visualization and rules: COREP vs. pillar 3

Author(s) -

Yang Wenmei,

Koshiyama Adriano S.

Publication year - 2019

Publication title -

intelligent systems in accounting, finance and management

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.846

H-Index - 11

eISSN - 2160-0074

pISSN - 1550-1949

DOI - 10.1002/isaf.1441

Subject(s) - pillar , business , accounting , architecture , visualization , financial crisis , finance , data mining , computer science , economics , engineering , structural engineering , art , macroeconomics , visual arts

Summary 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.

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