Cecabank Annual Report 2014

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Jaime Manzano Rodríguez
Head of Comprehensive Reporting
and Analysis Service (Pyramid)
In recent years we have witnessed a considerable increase in
regulatory pressure, which in most cases has been associated
with new information requirements from the various
regulatory bodies. This situation has led institutions to seek
specialist advice and comprehensive solutions. At Cecabank we
continue working to ensure our Pyramid solution meets all our
clients’ reporting cycle needs.
Pyramid provides our clients with
complete and comprehensive
coverage of the whole reporting
cycle, making it an end-to-end
solution covering everything from
regulatory analysis deriving from
the publication of a reporting
requirement by a regulatory body,
through to the physical delivery
of the files, once all the information
required has been compiled
and validated.
The service rests on four
main pillars:
Analysis, interpretation
and resolution of queries
on regulatory requirements
associated with mandatory
reporting to the relevant
regulatory body.
Cooperation with the Bank
of Spain, with the active
participation of working groups
set up for the harmonisation of
the new requirements.
Technology platform, entrusted
with providing the information
required by the regulator
at source (information
with the maximum level of
detail), construction and
parameterisation of statements
(aggregate information), and all
the data validation and balancing
processes. A modular platform
fully tailored to the needs of
different user institutions and
fully aligned with the EBA’s data
point model.
Intermediation in the
submission of information,
having our own data exchange
infrastructure (gateway for
data transmission to the Bank
of Spain).
Activity during the year
During 2014, following the
regulatory calendar, the necessary
development work was carried
out on the technology platform
to meet institutions’ reporting
needs. Specifically:
• Phase I, covering the A (people)
and B (operations) modules,
to adapt to Bank of Spain CCR
Circular 2013 of 24 May 2013
(CBE 1/2013).
• The FINREP (financial reporting)
statements, intended to
cover the new information
requirements deriving from
the EBA’s taking on regulatory
functions and some of the
statements that were previously
the competence of the Bank
of Spain.
Banking Services
Financial reporting
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