Regulatory Consulting

GFS have worked on a  large number of Regulatory Reporting projects in the UK and understand the complexities involved to achieve submission of Regulatory Reports. Currently we are working on a number of projects within this space including CoRep, FinRep, FDS, XBRL (iXBRL) submissions, Solvency II, Pillar Reporting, Data integration to name a few areas. Please see below for a little more information regarding the subject matters that we have worked on;


CoRep, FinRep, FDS and XBRL

GFS have and are currently working on multiple CoRep, FinRep and FDS projects. We have responsibility in ensuring the technology functions properly and produces the reports in line with the customers requirements. We have been involved in requirement gathering and workshops through to technical configuration in technologies such as Axiom and SAP. We are currently involved in advising customers how to deal with XBRL Submissions.  

Solvency II

We delivered a complex solvency II programme that focused on understanding and mapping the regulatory requirements into the SII requirements as well as consolidating the risk models within Prophet. We have also supplemented the project team by providing resources within Prophet, VBA, Actuarial, DCS, Technical Authoring and Risk Management. This has been provided across a number of global leading insurance organisations.

Basel II & III

GFS has supported and managed multiple Basel projects with specific skills covering Pillar 1,2 & 3 reporting. Niche resources were provided within Credit, Market and Operational Risk for a number or large retail and investment banks. GFS provided a comprehensive solution covering Programme test management, test strategy, test plan and test execution.

Enterprise Risk Systems

GFS have supported multiple Enterprise Risk Systems projects with specific focus on Standardized approach, Foundation IRB and Advanced IRB.

Risk - Credit, Market, Insurance and operational

GFS have supported multiple global retail & Investment banks and insurance organisations with specific skills within Risk Management. This has been recently on Risk Transformation programmes, Insurance – Solvency II programmes and Risk system implementations (Calypso) for a large investment bank.