Guidelines on Disclosure of NPEs

We have completed the implementation of the new Disclosure Requirements as published by the European Banking Authority (EBA) in EBA/GL/2018/10.

The Guideline includes a total of ten (10) disclosure templates. Four (4) of these templates are to be prepared by all financial institutions while the other six (6) templates are only to be prepared by institutions meeting certain criteria (significant credit institutions with gross NPL ration of 5% or above).

A new module has been added within FRCS that automates the preparation of the Disclosure Requirements. This module, however, has a pre-requisite that FINREP is also licensed and automated through our application as the automation of hte disclosures requires the underlying data and analysis available within FINREP.

Central Electronic System of Payment Information

CESOP - The Central Electronic System of Payment Information comes into force on 1st Jan. 2024

Best Solution for Tax Compliance

FRCS has won the Best Solution for Tax Compliance Award

FRCS is now XBRL Certified

Prognosys Financial Reporter Compliance Suite is now XBRL Certified

Infonet Strategic Partnership

We are Proud to announce our Strategic Partnership Agreement with Infonet Systems Integration

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