GISA, GAA and AMF: turning regulatory reporting into an operational given

When regulatory data is rebuilt by hand every quarter, compliance becomes a race against the clock. The cost is not in the final delivery: it is in the hours spent reconciling numbers nobody can explain in a meeting.

Why the problem comes back every quarter

The information requirements do not change from one period to the next. What changes is the state of the data: new policies, portfolio movements, late corrections. A process that depends on a manual extract reproduces the same weaknesses at every deadline.

The three most common causes

• Data definitions that diverge between actuarial, finance and operations
• Reconciliations done by hand, with no trace of how the gaps were resolved
• Reports that cannot be replayed identically, because the rules are undocumented

What a durable set-up contains

• A shared definition of every data item used in a report, with an owner
• Automated reconciliation between source systems and deliverables
• Historisation that lets one period be compared with the previous one
• Reproducible reports, run the same way at every deadline
• An end-to-end audit trail, from source to deliverable

Where to start

1. Map the required reports back to their source, rather than the other way round
2. Automate the most painful reconciliations first, the ones that tie up the team at period end
3. Document one rule per deliverable, at the moment it settles

Compliance then becomes an operational given: a deadline to meet, not a project to relaunch.