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Regulatory reporting automation and continuous compliance monitoring

At an ASEAN bank, most of each month went on pulling data from 14 source systems, reconciling it and drafting returns. Checking data as it lands and generating each filing with every line traced to source cut its regulatory close from 28 days to 7. A UK challenger bank now tests 1,400 FCA controls against live evidence, not quarterly attestation.

7 days
Regulatory close at an ASEAN bank, down from 28 days
1,400
FCA controls moved off quarterly attestation, UK bank
1,200+
ESRS data points covered at a European manufacturer
28–44
Weeks to deliver, in these case studies
Built from 4 accelerators
Compliance Engine
Data Quality Auditor
Financial Close Accelerator
Data Governance Agent
Deployment in these case studies: private cloud.
In short

What is regulatory reporting automation?

Regulatory reporting automation wraps the existing reporting process in rules and lineage. Source data is checked each time it loads, issues the rules can fix are fixed, and each return or disclosure is generated with every line traceable to its source record. The same evidence supports continuous compliance monitoring: each control is tested against live evidence, and a failed test goes straight to the control owner.

  • An ASEAN bank cut its monthly close for Basel III, IFRS 9 and local returns in 6 markets from 28 days to 7.
  • About 92% of its data-quality issues are now resolved automatically, before they reach the reporting team.
  • A UK challenger bank moved 1,400 FCA controls from quarterly attestation to continuous or sub-quarterly testing; exceptions now close in a median 36 hours.
  • A European manufacturer was CSRD-ready in about 11 months, with 1,200+ ESRS data points traced from source to disclosure.
How it works

Regulatory reporting and compliance, step by step

  1. Connect sources and trace lineage

    Data comes from the existing source systems; at the ASEAN bank it is staged through the bank's data warehouse, with no source-system changes. A lineage graph links the source data, through each transformation and calculation, to every line on every return, and the reporting team can query it.

  2. Check data quality as it loads

    Each source-system load triggers its quality rules in near real time, not in a month-end batch. The ASEAN bank runs about 4,200, covering reconciliations, cross-system checks and calculations such as risk-weighted assets and IFRS 9 staging. Issues the rules can resolve are fixed; the rest reach the data owner within minutes, with context.

  3. Test controls against live evidence

    Each control is written as a testable assertion with its evidence sources and test frequency. Evidence streams in from systems such as core banking, complaints and lending decisions, and each control is tested on its own cadence. A failed test opens an exception that cites the evidence and goes to the control owner.

  4. Generate returns and disclosures

    Filing templates and a deterministic calculation engine produce each return in the regulator's format, such as XBRL for Basel filings, with bank-specific adjustments held in a separate configurable layer. For CSRD, the manufacturer's platform produces the ESRS disclosures, with an auditor evidence pack assembled for each data point.

  5. Submit and show the working

    Filings go through the existing regulator portals with the bank's own credentials. Any line can be expanded to its source data, transformations and calculation logic, so auditors can follow the data flow without manual evidence gathering. At the manufacturer, year-end CSRD reporting became a review-and-narrative exercise.

Where people stay in charge

People keep the judgement calls. Data owners fix the issues the rules can't, control owners resolve exceptions, and reviewers write the narrative. At the UK bank, freed compliance time went to recurring exceptions and emerging regulation. The ASEAN bank's reporting team was split into core reporting and regulatory change, and a typical regulatory update now takes 4 to 6 weeks to build in, not 4 to 6 months.

FAQ

Regulatory reporting and compliance: the questions buyers ask

How much faster is the regulatory close?

At an ASEAN bank, the monthly close for Basel III, IFRS 9 and local returns in 6 markets fell from 28 calendar days to 7, inside the CFO's target of under 10. Filings now reach each regulator with more time in hand, which has eased the late-cycle pressure that was driving errors.

Do we have to replace our reporting platform or source systems?

No. The ASEAN bank kept its existing reporting platform and wrapped each data feed, reconciliation step and output filing in an automation layer. Data is staged through its existing data warehouse, no source system had to change, and filings still go through the regulator portals with the bank's own submission credentials.

What does continuous compliance monitoring look like in practice?

Controls are tested automatically against evidence from the systems that produce it, instead of owners attesting each quarter. At a UK challenger bank, about 78% of 1,400 FCA controls are tested continuously and the rest on a set sub-quarterly cadence. The median time to resolve a control exception fell from several weeks to 36 hours, and a Consumer Duty update adding 28 controls took 3 weeks.

Will auditors and regulators accept it?

The first MAS inspection after go-live cited the ASEAN bank's reporting infrastructure as a positive, and its reporting-related external audit costs fell by about $3.1m a year. The first FCA supervisory engagement after go-live commended the UK bank's compliance infrastructure. The manufacturer's first CSRD report was filed on time with a clean opinion from its external auditor.

Does it work for ESG and CSRD reporting?

Yes. A European manufacturer covers 1,200+ ESRS data points, each defined with its data sources, calculation and evidence needs and fed from its environment, health and safety, HR, energy, procurement and finance systems. It was CSRD-ready in about 11 months, inside the CFO's 12-month target, and year-end reporting now takes weeks rather than months.

Where does the data stay?

In each organisation's own environment. The ASEAN bank's platform runs in its private cloud in its home-market data centre; each subsidiary's data stays in-country, and consolidated returns are built from attested local extracts. The UK bank's runs in its own cloud environment in London with full UK data residency, and the manufacturer's in its own cloud tenant in the EU.

How long does a deployment take?

Delivery took 28 weeks at the ASEAN bank, starting with 12 weeks of lineage mapping, and 32 weeks at the UK challenger bank, where building integrations to about 40 source systems took longest. The European manufacturer's CSRD platform took 44 weeks.

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