Over the next year building societies will face new regulatory reporting requirements, with the Bank of England opting for XBRL
To replace the existing balance sheet and income statement returns, the PRA is using, somewhat controversially, FINREP templates and a new return of its own. In addition, they’re also planning on replacing the existing forecast balance sheet and P&L data items in QFS1 (and FSA 014) with XBRL data items. These take effect on 1 January 2018, with reporting beginning as early as May 2018. But before then, three new returns come on stream on 1 October 2017. These are essentially the existing Capital+ returns that societies currently completed on a "voluntary" basis, again in XBRL.
KPMG experts will guide you through this maze and help you understand your obligations and how best to meet them. There will be plenty of opportunity at the end of the session to ask questions.
This half-day event is free of charge for building societies. It is being hosted by KPMG at its Birmingham offices, handily situated by Snow Hill station.
10.00am - Registration and refreshments
10.30am - Briefing
12.00pm - Q&A
1.00pm - Finish with light lunch (latest)
BSA members only. Free of charge
A detailed programme will be available nearer the time. Please email the KPMG team at firstname.lastname@example.org if you would like to attend.