Regulatory Reporting Data
Attributes for regulatory reporting requirements that can be stored in the business partner.
Regulatory reporting data is used in the context of the banking or insurance supervisory authority to enable the revenue performance of banks, insurance companies, and financial services providers under supervision to be analyzed. The main emphasis of the supervisory regulations lies in areas such as own resources, liquidity, foreign trade, and loans business in the respective institutions. Regulatory reporting data can also be used for banking statistics, or the compilation of information about foreign trade for the German Federal Bank. It is also used to assess the tax compliance of the customers of the respective institutions.
The reports are based on the legal requirements of the German Banking Act (GBA), the German Asset Regulation, or the U.S Foreign Account Tax Compliance Act (FATCA). Organizations subject to these supervisory requirements can submit their reports to the corresponding supervisory institutions (German Federal Bank, German Federal Financial Supervisory Authority, U.S. Internal Revenue Service (IRS), and so on).
You can store attributes from the following areas of regulatory reporting in the business partner:
Regulatory reporting data in the context of the German Banking Supervisory Body of the German Federal Financial Supervisory Authority (BaFin)
This includes attributes such as the loan to managers, multimillion loan, borrower and borrower entity number, credit standing check in accordance with the GBA, non-resident, company relationship, German Federal Bank country code, risk group, group affiliation, monetary financial institute, GBA-relevance, large-scale loan monitoring, and crediting relief.
Regulatory reporting data in the context of the German Insurance Supervisory Body of the German Federal Financial Supervisory Authority (BaFin)
This includes attributes such as legal entity, paragraph 3 section 2 of the German Asset Regulation, debtor group, and paragraph 1 section 1 no. 20b of the German Asset Regulation.
Regulatory reporting data in the context of the Austrian Financial Market Authority (FMA)
This includes attributes such as the OeNB ident number, ident number assignment, OeNB target group, OeNB institution code, and OeNB reporting obligation.
Regulatory reporting data in the context of tax compliance regulations (for example, the submission of reports to the IRS in the context of the U.S. Foreign Account Tax Compliance Act (FATCA))
This includes attributes such as tax compliance ID, tax compliance type, country, region, tax compliance status with reason, validity period, rating date, customer's agreement to transfer data, and agreement date.
You make settings for regulatory reporting data in Customizing for SAP Business Partner for Financial Services under:
Define OeNB Target Groups
Define Recipients of Loans to Managers
Define GBA Reporting Information
Define Country Indicators in Accordance with German Federal Bank
Define Tax Compliance Types
Assign Tax Compliance Types to Countries/Regions
Define Reasons for Tax Compliance Status
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