Streamlining Regulatory Reporting with CCAR Acceleration

Author(s)	Balaji Ethirajulu
Country	United States
Abstract	The financial industry has a highly regulated environment, with increased scrutiny and stringent compliance policies. Stress testing and capital planning are key regulations that large US banks must undertake through the Comprehensive Capital Analysis and Review (CCAR) procedure. Financial companies are looking for innovative ways to automate regulatory reporting and remain compliant in this new world. Using artificial intelligence, machine learning, automation, and other cutting-edge technology, financial institutions will be able to achieve a significant increase in the accuracy, timeliness, and transparency of their regulatory filings. This post focuses on some of these technologies’ use cases, challenges and opportunities around deploying them, and practical advice on how to make regulatory reporting as effective as possible. By adopting these technological changes, banks can build better risk management capabilities, lower operational costs, and better connections with regulators.
Field	Lainnya
Published In	Volume 6, Issue 2, March-April 2024
Published On	2024-03-06
DOI	https://doi.org/10.36948/ijfmr.2024.v06i02.22757
Short DOI	https://doi.org/g82hq7

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International Journal For Multidisciplinary Research