Central Bank of Ireland (CBOI) Reporting Overview


AxiomSL provides all of the calculations, templates and reporting functionality needed for disclosures to the Central Bank of Ireland, including those introduced by the Capital Requirements Directive IV (CRD IV).

AxiomSL’s ‘one platform’ model means the same system can be used for all other regulatory reporting requirements, greatly reducing the cost and complexity of compliance.

AxiomSL’s solution supports all of the regulatory calculations and reports that must be submitted to the Central Bank of Ireland.

The solution leverages a firm’s existing data structure to quickly and accurately aggregate the required data from different lines of business. It reconciles the aggregated data back to its sources and uses it to run any necessary calculations before populating the templates that must be reported to the Central Bank of Ireland.

The solution checks all values in the reports are valid and performs reconciliations with disclosures made as part of other regulatory requirements. Users are given the ability to conduct plausibility and variance analysis. If tolerance levels are exceeded, they can make manual adjustments.

A dashboard allows users to monitor the entire reporting process. They can also drill down into the templates, calculations and source data they have used. Once satisfied with a report, users can sign off on it. The report will then be submitted to the Central Bank of Ireland in the required format, including the latest iteration of the EBA’s XBRL taxonomy.

AxiomSL monitors changes to the reporting requirements of the Central Bank of Ireland and European authorities on an ongoing basis and updates its templates as required. This relieves firms of onerous development work. Regulatory update releases like these are separate from software updates.

Version controls allow users to track changes to regulations and compare differences. The solution gives users ongoing access to earlier iterations of the EBA’s standard rules and XBRL taxonomy, which they need when rerunning or resubmitting reports.

The Central Bank of Ireland reporting solution is built on the same platform as all of AxiomSL’s other solutions. This ‘one platform’ approach ensures consistency between reports submitted for different regulations. It also reduces cost and complexity because firms do not need to maintain separate systems to comply with different regulations.

Central Bank of Ireland Reporting Solution Diagram


AxiomSL Central Bank of Ireland Reporting Solution Diagram


Central Bank of Ireland (CBOI) Reporting Benefits



Central Bank of Ireland (CBOI) Reporting Credit Risk



Central Bank of Ireland (CBOI) Reporting Operational Risk



Central Bank of Ireland (CBOI) Reporting Market Risk

The CRD IV market risk calculations provided by AxiomSL are:


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Interest Rate

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Central Bank of Ireland (CBOI) Reporting Large Exposures



Central Bank of Ireland (CBOI) Reporting Challenges


Financial firms in Ireland must send a wide variety of prudential and statistical reports to the Central Bank of Ireland, including those mandated by European authorities.

Capital Requirements Directive IV (CRD IV) reports are submitted to the Central Bank of Ireland, including Common Reporting (COREP), Financial Reporting (FINREP) and Liquidity Coverage Ratio (LCR) filings. Firms face a particular challenge to ensure they are using the most up-to-date versions of the European Central Bank’s (ECB) COREP and FINREP XBRL taxonomies, while retaining access to earlier iterations, which may be needed for resubmissions.

Detailed monetary and interest rate disclosures must be sent to the Central Bank of Ireland, as part of the ECB’s Balance Sheet Item (BSI) and Monetary Financial Institution (MFI) Interest Rate (MIR) reporting requirements. For firms, this involves reporting many new data items.

Financial firms in Ireland must also comply with a range of domestic statistical reporting requirements. This includes filing the Resident Offices Return (RS2), Survey of Credit Institutions Return (CRS2), Maturity and Sectoral Return (MTS), Revaluation Adjustment Return (RV2), Reclassification Adjustment Return (RC2) and Analysis of Lending and Deposits Return (SQ2).

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