Problems We Solve

Supervisory authorities today are expected to collect many forms of complex data from various market participants. 

  • Supervisors struggle with a combination of disparate processes and inflexible IT data collection and analysis systems.
  • Staff spend too much time on data collection and preparation, and it takes far too long to get usable data.
  • Authorities need to turn around new data collections ever more quickly.

Key Benefits

Vizor Regulatory Returns empowers the supervisory authority to take control of regulatory data collections.

  • With an integrated data collection system based on best-in-class templates and processes.
  • Data is collected through a pre-built web portal which requires minimal end user support. 
  • Data is fully validated in the portal before submission, reducing the collection workload and freeing up staff for supervision.

Product Highlights

Regulatory Returns Data Collection

Regulatory Returns Data Collection

  • Collect regulatory return data on a periodically scheduled or ad-hoc basis.
  • Collect conventional or highly complex multi-dimensional data, on a solo or consolidated basis.
  • Allow regulated entities to enter return data via web forms or upload data in multiple formats, including MS Excel, XML and XBRL.
  • Allow regulated entities to file incremental revisions of a return across time periods.
  • Automatically generate reminders for upcoming and overdue returns.
Returns Validation & Submission

Returns Validation & Submission

  • Automatically validate return data prior to submission in real-time or off-line, depending on return complexity.
  • Create and execute powerful validation rules that validate all data – not just within a return, but also across time, across returns and across dimensions. 
  • Choose whether rule failures should prevent return submission (errors) or allow submission (warnings).
Returns Review & Assessment

Returns Review & Assessment

  • Review & assess successfully submitted return data.
  • Perform an assessment of the overall financial health of the regulated entity.
  • Receive early warning notifications if data quality or plausibility thresholds are breached, enabling early intervention.
  • Conduct plausibility analysis on the return data and request further information from the regulated entity for significant outliers.
  • Levy penalties on the regulated entity for late filings.

Resources

Learn more about the breadth of our product's capability to support the supervisor function.

Vizor Regulatory Returns Data Sheet

The datasheet provides more complete details on the main features of the regulatory returns product.

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Bank of England Prudential Regulation Authority

Case Studies

Vizor technology implemented at the Bank of England to meet the Bank’s Solvency II requirements.

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Autoriti Monetari Brunei Darussalam

Case Studies

Download this case study to learn more about the challenges faced by the AMBD and how Vizor helped.

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Saudi Arabian Monetary Authority

Case Studies

SAMA’s Returns Management System (RMS) automates the complete regulatory return lifecycle.

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Technology

Vizor Software has been architected and developed to the highest international standards, incorporating best practice development methodologies and utilising modern enterprise-class technologies.

SQL Server

Supports Microsoft SQL Server as the backend database system.

Multiple Data Formats

Supports a wide variety of formats including XBRL, XML, HTML, Excel and PDF.

Advanced Security

Including encryption, CAPTCHA, Active Directory and 2-factor authentication.

Enterprise Performance

Highly scalable to handle heavy usage and peak periods.