Functionality You can use this method to change the regulatory reporting data for theSAP Business Partner for Financial Services>. Regulatory reporting data is required by law. It is used by banking orinsurance supervisory authorities, to enable the revenue performance ofthe banks, insurance companies, and financial services providers undersupervision to be analyzed, for example. The main emphasis of thesupervisory 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, orthe compilation of information about foreign trade for the GermanFederal Bank. The reports are based on the legal requirements of the GermanBanking Act (GBA)> or the German Asset Regulation>, for example.Institutes subject to these supervisory requirements can submit theirreports to the corresponding supervisory institutions (German FederalBank, German Federal Financial Supervisory Authority, and so on). You can store attributes from the following areas of regulatoryreporting in the SAP Business Partner for Financial Services>:
- Regulatory reporting data in the context of the German Banking
Supervisory Body of the German Federal Financial Supervisory Authority(BaFin).
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