Submitting the correct reporting template on time is no longer enough to satisfy regulators. Across Asia-Pacific (APAC), supervisors are demanding more detailed data, greater transparency and stronger evidence behind reported figures. Banks must now be able to trace, explain and justify the information they submit.

Regnology, a provider of regulatory reporting and financial technology solutions, highlighted this shift at its RegInsights event in Singapore earlier this summer. Discussions on regulatory developments, data management and technology innovation pointed to a growing need for banks to replace fragmented reporting processes with integrated operating models built around trusted data, technology and governance. Regnology will continue the discussion in November at the 33rd RegTech Convention, themed “From Control to Intelligence”, which will examine how data can generate insight across reporting, risk and finance.

The shift is being driven by several regulatory pressures rather than a single policy change. Prudential requirements are becoming more complex and interconnected, requiring banks to assess their impact across capital, risk and reporting frameworks. In Singapore, the Basel III output floor under MAS Notice 637, revised large exposure rules under MAS Notice 656 and emerging crypto-asset frameworks illustrate the breadth of these demands.

Although each measure addresses a different area of risk, they share a common requirement: banks must be able to recalculate figures quickly, provide greater transparency and explain their results when supervisors request further information.

For institutions operating across multiple jurisdictions, the challenge is even greater. Regulatory objectives may be converging globally, but implementation timelines, reporting formats and supervisory expectations continue to vary between markets.

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