Regulatory reporting continues to present a significant operational and compliance challenge for financial institutions. Increasing volumes of complex returns, evolving regulatory expectations and heightened scrutiny are placing sustained pressure on existing operating models.

Many organisations are constrained by manual processes, fragmented ownership and limited capacity, increasing both cost and risk. KPMG’s Managed Services for Regulatory Reporting provides an outcome-based, end-to-end solution to run and transform your reporting operations, delivering high-quality submissions, strengthened controls and a more scalable, cost-efficient model.

Industry challenges

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Fragmented operating models and inefficiencies

Reporting activities are often spread across multiple teams, systems and data sources, leading to duplication, inconsistency and inefficiency.

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Manual processes and data complexity

Heavy reliance on manual data preparation, reconciliations and adjustments increases the risk of error and limits scalability.

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Legacy systems and lack of a single source of truth

Disconnected data environments reduce transparency and make it difficult to ensure consistency across submissions.

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Increasing regulatory scrutiny and expectations

Regulators demand higher standards of accuracy, governance and auditability, raising the bar for reporting functions.

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Capacity constraints and specialist talent shortages

Limited access to experienced regulatory reporting professionals impacts firms’ ability to scale and respond to change with a focus on ‘cranking the handle’ rather than optimisation opportunities and de-risking processes.

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Limited flexibility to manage peak periods and change

Existing models often struggle to handle reporting cycles, regulatory change and business growth.

How KPMG can help

We deliver end-to-end regulatory reporting through a controlled, scalable managed service model combining deep regulatory expertise, proven operating models and enabling technology. Our approach goes beyond execution, we transform reporting operations to improve resilience, efficiency and control.

End-to-end reporting lifecycle delivery

We can take responsibility for specific risk areas, process components or the end-to-end reporting process, including data aggregation, calculation, report production, analysis, commentary and submission support.

Centralised, controlled operating model

A standardised model with embedded governance, controls and clear accountability, designed to deliver consistent and reliable outcomes.

Scalable, global delivery capability

Integrated onshore, nearshore and offshore teams provide flexible capacity, follow-the-sun delivery and resilience across reporting cycles.

Embedded regulatory expertise

Access to a deep pool of SMEs with up-to-date understanding of regulatory requirements and industry leading practice.

Technology-enabled reporting

Use of proven reporting platforms, automation and standardised tooling to improve efficiency, data quality and control.

Outcome-based managed service model

KPMG takes accountability for delivery, including people, processes and controls, aligned to defined service levels and regulatory expectations.

Our Managed Services in action

Global Asset Management Group | FCA regulatory reporting assurance

The challenge
The client required independent review and challenge of FCA prudential returns amid increasing scrutiny on interpretation, methodology, and consistency. Strengthening governance and reducing regulatory risk were key priorities.

Our KPMG solution

Delivered quarterly independent reviews of FCA regulatory returns
Assessed interpretations and methodologies against FCA rules and guidance
Identified issues and remediation actions with clear, actionable insights
Provided on-demand advisory support on technical queries and regulatory change
Delivered proactive insight to support forward-looking compliance

Results

Stronger confidence in regulatory submissions through independent assurance
Improved consistency and quality of regulatory reporting
Enhanced governance and auditability
Faster resolution of regulatory queries
Greater readiness for ongoing FCA change

Global Bank | Capital regulatory reporting managed service

The challenge
The client faced a complex, resource-intensive capital regulatory reporting process, with challenges across data aggregation, reconciliation, and submission. Improving efficiency, transparency and control was critical.

Our KPMG solution