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CRR II, VAG, Solva & GroMiKV

The Insurance Supervision Act (VAG), the Capital Requirement Regulation (CRR) and the Solva regulations, as well as the Large Exposures and Million Loan Regulation (GroMiKV), result in extensive specific reporting obligations.

The CRR according to Basel III/IV (Capital Equivalence Ordinance) determines the reporting requirements regarding the capital adequacy of financial institutions and holding groups. The CRR also adopts the individual regulations implemented in the Solvency Regulation (Solva).

The current CRR II regulation has been in force since June 30, 2021. The main two requirements for investment managers to meet CRR II reporting requirements to banks are to provide a strict look-throughof investment funds and independent certification of the reports. If this is not met, the risk weight for opaque funds must increase by a factor of 12.5 making funds potentially unattractive to this group of investors.

Read more here

The VAG regulates the state supervision of insurers and pension schemes operating in Germany. The reporting requirements defined in it are primarily aimed at ensuring that contracts can be fulfilled at all times and that customers are protected.

The German Large Exposures Regulation (GroMiKV — Großkredit- und Millionenkreditverordnung) laid down by the Federal Ministry of Finance defines extended reporting requirements for credit institutions and financial service providers.

what this means for your reporting

When laws and regulations overlap in their scope of application, high demands are placed on the accuracy and transparency of all data and calculations. Solutions must be found that can organise data and generate reports while keeping quality high and time and costs as low as possible.

our solution for acarda für CRR II / VAG / Solva / GroMiKV

Our solution, the acarda Platform includes all components of CRR II -, VAG-, Solva- und GroMiKV-compliant datamanagement and reporting

Data management & report generation

maximum reduction of residual value, minimum capital requirements

regulatory correctness

optimal display

what’s special about the acarda solution

Clients who trust us

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60322 Frankfurt am Main
Germany

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L-1930 Luxembourg

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Canary Wharf
London E14 4HD
United Kingdom

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