BME ComplianceNet SIR, BME’s Integrated Financial Reporting Service: The single reporting window for financial entities

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BME ComplianceNet is the suite of compliance tools for the financial sector offered by BME.
BME ComplianceNet comprises various tools: SICAM, Integrated Service Against Market Abuse; SIR, Integrated Financial Reporting Service; and RIC, the SICAM module for managing internal codes of conduct.
While they complement each other from a functional perspective, they all share the global features of the ComplianceNet Platform, such as a secure, integrated, modular and centralised architecture.

SIR, the Integrated Financial Reporting Service, is the ComplianceNet Platform tool covering all instances of reporting to regulators (CNMV or Bank of Spain) that financial institutions are required to submit.

SIR is therefore the single reporting window for all types of financial institution.

Specifically, SIR facilitates the preparation, reconciliation and validation of public and supervisory financial statements and other disclosures that financial institutions supervised by the CNMV and Bank of Spain are required to report.

SIR architecture

SIR has been developed with a services architecture in BME’s private cloud. Indeed, this is one of the features shared by all ComplianceNet Platform tools.

Functioning of SIR

A brief description of how SIR functions is provided below:

    • An entity’s user accesses the data stored in this tool using a secure internet connection.
    • The user inputs either manually or automatically (using an Excel or RTF file) any information SIR requests.
    • An Excel or .XML file can be quickly and easily generated by SIR for the user, offering the added value functionality of automatic matching.
    • The entity sends the XML/XBRL file (obtained from SIR) to the regulator through the latter’s own communication service (Cifradoc).

 

Clients
about this service

Bankinter Securities
GVC Gaesco Sociedad de Valores
Banco Santander
Mapfre Inversion Sociedad de Valores
CaixaBank Asset Management
MORE CLIENTS ABOUT THIS SERVICE

News

14/October/2015

El IV Foro ComplianceNet contó con la asistencia de la CNMV

MORE NEWS ABOUT THIS SERVICE