AxiomSL: Keeping complexity out of Simplified FINREP
The implementation of Financial Reporting (FINREP) in 2014 was a significant change for the European banking industry. However, the requirements only apply to banks that use International Financial Reporting Standards (IFRS) at the consolidated level. With Simplified Supervisory Financial Reporting (Simplified FINREP), the European Banking Authority (EBA) is now extending its requirements for standardized reporting of financial information to a much wider group of banks, raising important
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