The VAG regulates the state supervision of insurers and pension funds 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 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 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.
When laws and regulations overlap in their scope of application, high demands are placed on the transparency of all data and calculations. Solutions must be found that can organise data and generate reports while keeping time and costs as low as possible.