The European supervisory authorities for banks and insurance companies are placing increasing importance on the transparent treatment of fund investments by institutions. European banks and insurance companies that invest in funds of any kind rely on their asset managers to provide reliable regulatory and ESG reports. Without adequate reporting, investors may be forced to withdraw their investments. Accordingly, it is advisable for asset managers to produce customised reports to retain key investors and attract new ones.
How KPMG can help
KPMG has an experienced team that provides regulatory and ESG reporting as a managed service to European and global investment funds.
Some of the key reports that KPMG offers are:
Solvency II reporting enables European insurers to determine the Solvency Capital Requirement (SCR). The common standard here is the TPT template, which KPMG offers alongside other possible reporting formats. In addition, KPMG offers an overview of the SCR figures in a Solvency II fact sheet.
VAG reporting is aimed at pension funds and smaller insurance companies. It provides a classification of the fund portfolio to fulfil the requirements of the German Insurance Supervision Act (VAG).
GroMiKV reporting enables investors in the banking sector to identify their risk allocation in accordance with the German Large Exposures and Million Loans Ordinance (GroMiKV).
In various reports, KPMG offers to determine key risk figures that are relevant for investing European institutions
- Equity capital deduction/CVA risk: KPMG offers the calculation of equity deductions, CVA risk, leverage and risk weighting according to CRR.
- CRSA: KPMG performs the calculation of risk positions by country for the countercyclical capital buffer. This reporting is relevant for banks and other financial institutions.
- Solva: KPMG calculates the risk weight and leverage for investors from the banking sector and other financial institutions.
KPMG helps asset managers and investors to comply with the EU framework:KPMG helps asset managers and investors to comply with the EU sustainable finance framework by preparing the European ESG Template (EET) and the Sustainable Finance Disclosure Regulation (SFDR) appendices for annual reports and prospectuses, calculating principal adverse impacts on sustainability factors (PAI‘s) and preparing a PAI management report for fund managers.
KPMG supports financial market participants in Art. 8 EU Taxonomy DA reporting and the corresponding distribution of reports as well as the data collection and transmission of EU Taxonomy data in the EET.
In relation to PRIIPs, KPMG can support you according to your needs. This includes the preparation of PRIIPs Key Information Documents (KID) for private and semi-professional investors in funds. KPMG can also assist you with the calculation of transaction costs, the calculation of the performance scenario and the determination of the PRIIPs Summary Risk Indicator (SRI). In relation to PRIIPs, KPMG can assist you depending on your needs. This includes the preparation of PRIIPs Key Information Documents (KID) for private and semi-professional investors in funds. KPMG can also assist you with the calculation of transaction costs, the calculation of the performance scenario and the determination of the PRIIPs Summary Risk Indicator (SRI). In addition, KPMG offers the European PRIIPs Template (EPT) and the European MiFID Template (EMT).
Thanks to reliable data sources and many years of experience in investor reporting, we are able to offer our clients high-quality reporting. Our automated creation process enables competitive pricing and short turnaround times. In addition to our reporting service, we are happy to support our clients with our regulatory expertise on all other issues.
