Banking Regulatory Compliance Solution France - IRIS RegTech Solutions Limited

IRIS iDEAL® – Your XBRL Reporting Partner for Banking Compliance in France

So that you can focus on value, not compliance.

Regulatory Reporting in France: Challenges Faced by Financial Institutions

The banking sector in France and entire Europe operates within a highly regulated environment, driven by national and European supervisory frameworks. Banks and financial institutions in France face several pain points in their regulatory reporting journey:

Volume and Variety of Reports:

From capital adequacy to granular credit data, institutions must submit multiple reports to different regulatory bodies, including The Autorité de contrôle prudentiel et de resolution (ACPR- the French Prudential Supervision and Resolution Authority), Banque de France, and European authorities.

Frequent Taxonomy Updates:

Regulations are evolving quickly, with regular taxonomy and rule changes that demand constant system updates.

High Data Granularity:

Mandates like AnaCredit and CREDITIMMO require detailed, loan-level data that is difficult to compile manually.

Lack of System Integration:

Disparate data sources and non-standardized formats delay report preparation.

Manual Workload and Error Risk:

Manual data entry and validation lead to increased risk of data inconsistencies, rejections, and rework.

Short Submission Timelines:

Tight reporting deadlines make it hard to ensure accuracy and completeness.

Transitioning? Use Our Stop-Gap XBRL Conversion Services

A transitional solution to avoid any non-compliance, while IRIS iDEAL® is being implemented.

Data Preparation (Client):

Provide your data in a predefined structured Excel template.

XBRL Conversion (IRIS):

We’ll convert your data into regulator-compliant XBRL files.

Final Submission (Client):

Receive XBRL files for review and submit it to the regulator directly.

How IRIS iDEAL® Works

Data Integration:

Import data directly from various data sources including databases, Excel, CSV and APIs.

Validation:

Automatically validate data against latest taxonomies and any additional validation rules specified by the respective regulators.

Error Review & Correction:

Facilitates easy detection of data errors and offline data correction or directly within the platform. All data changes in the iDEAL®̥ are audit-tracked for transparency and compliance.

XBRL Generation:

Convert validated data into regulator-compliant XBRL format.

Submission:

Maintain full audit trails and submission history for compliance audits.

Why Choose IRIS iDEAL® for French Regulatory Reporting?

All Mandates, One Platform

Support for all key French banking regulations under a single, centralized XBRL reporting solution.

Future-Ready & Prompt Support for Taxonomy Updates

Quick support to evolving regulatory requirements and taxonomy changes.

Automated Data Handling

Extracts data from core banking systems, databases, Excel, CSV, and APIs with configurable mapping and scheduled data transformation coding.

Built-in validations aligned with regulatory expectations, including EBA and SRB taxonomy business rules.

Support for all key French banking regulations under a single, centralized XBRL reporting solution.

End-to-End Security

Fully compliant with ISO 27001, SOC 1 & 2, ensuring data privacy and secure audit trails.

Proven Expertise

IRIS iDEAL®̥ is a trusted RegTech partner for more than 200 Banks and Financial institutions with 20+ years of experience. Recognized by Central Banking Awards 2024 for its work with the Reserve Bank of India.