Wdesk for ICAAP and ILAAP

In accordance with the Basel III framework, banks must regularly submit documentation proving the amounts, types and distribution of capital deemed appropriate to cover actual and potential risk. This requirement has challenged firms to standardize, certify and share risk-related data and report on that information in an accurate and efficient way.

Wdesk is a cloud platform that optimises regulatory documentation and enables financial institutions to better integrate ICAAP/ILAAP process into the wider business strategy.

Wdesk is designed to connect people and data around complex regulatory reporting processes. It provides a document-centric user interface, controlled collaboration, tasking and workflow. Wdesk enables teams to combine numbers and narrative, present numerical data in tables and reference it with text, and manage multiple levels of contributors.

Increase accuracy and efficiency

Make last-minute changes to numbers and narrative, and have those changes flow throughout methodology, policy and operational documentation. Inline commenting makes it easy to quickly track and apply comments from multiple reviewers, demonstrating transparency to competent authorities.

Controlled collaboration

Multiple lines of business contribute reporting data and work together in a cloud platform. The single working document eliminates version control and review issues across large risk and regulatory reporting documents.

Connected reporting processes

Collect data from ERP, GL, desktop and other sources and feed it directly to your ICAAP/ILAAP reports. A central repository of reporting information provides you the confidence that information used across strategy documentation, frameworks and models is consistent and accurate.

Scalable and sustainable process

Wdesk has been used to solve some of the most complex compliance and reporting requirements. The platform is able to support large documentation processes, including ICAAP/ILAAP, that range into thousands of pages and involve hundreds of contributors.

Simplify internal capital and liquidity adequacy documentation and reporting

ICAAP/ILAAP 2016

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Document Outline

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History and audit trail

A history trail is automatically created and saved for every change in Wdesk. All edits leave a record, providing greater insight and transparency.

Streamline the reporting process

Easily create, modify and connect narrative information. Accelerate report and documentation development, ensuring information remains valid and applicable at the remittance and reference dates.

Workflow and tasking

Work better together. Assign and respond to tasks in your data, documents and reports. Create internal validations, reviews, requests for documentation or other tasks specific to your working group.

Dashboards and reports

Dynamic dashboards deliver detailed and real-time data to stakeholders across the organisation. Users drill down into personalised and ad hoc reports for added details.

Data governance

Connect and link data across the Wdesk platform. When last-minute changes occur to documentation or data, users can trust that information is instantly updated across all instances without manual work.

Always accessible

Whether working from a laptop, tablet or mobile phone, immediately access information when it is needed.

Data integration

Structured or unstructured data is easily brought into the platform through document import, data sync and integration with your existing operational and transactional systems. Data can be used and reused, providing consistency across all of the work created in Wdesk.

People, groups and security

Wdesk allows processes and content to coexist. Set access and permissions, so users see as much or as little as necessary. Security scales to accommodate the demands of small teams or full enterprises.

Version control

Wdesk eliminates check-out systems, email trails and handwritten notes. All permissioned users have access to the most up-to-date data, documents and reports.

Industry expertise

The Workiva Professional Services team offers specific expertise in ICAAP/ILAAP reporting. The team delivers best practices in project management, process improvement and training.

About Workiva

Workiva delivers Wdesk, a leading enterprise cloud platform for data collaboration, reporting and compliance that is used by thousands of organisations worldwide, including over 70% of the 500 largest U.S. corporations by total revenue. Companies of all sizes, state and local governments and educational institutions use Wdesk to help mitigate risk, improve productivity and gain confidence in their data-driven decisions. For more information about Workiva (NYSE:WK), please visit workiva.co.uk.

To learn more, visit workiva.co.uk/icaap-ilaap

DS20180503-J37854The information contained herein is proprietary to Workiva and cannot be copied, published, or distributed without the express prior written consent of Workiva ©2018.

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