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SIR

We Facilitate the Management of Regulated Reports with the BME SIR Platform

SIR: Integrated Regulatory Reporting Service

SIR is the comprehensive solution for regulatory reporting, specifically designed to comply with most reporting obligations to financial regulators, such as the CNMV and the Bank of Spain. 

This service is essential for any financial institution seeking to simplify and optimize its regulatory reporting processes, and to comply efficiently and effectively with its Spanish regulatory reporting obligations.

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Find out how SIR can transform your reporting processes and ensure compliance.

Benefits of SIR

Operational Efficiency

By centralizing and automating the reporting process, SIR enables financial institutions to dedicate more attention to their core activities and less to administrative tasks.

Risk Reduction

With automatic data validation, SIR minimizes the risks associated with incorrect or incomplete reporting, thereby protecting entities from potential regulatory sanctions. 

Scalability

SIR is designed to adapt to the changing needs of financial institutions, enabling flexible and scalable management of regulatory reporting.

Main Characteristics

Single Reporting Window

SIR centralizes all reporting processes, offering a single platform for all types of financial institution. This simplifies management and ensures that all reporting obligations are fulfilled efficiently. 

Full Compliance

SIR facilitates the completion, reconciliation, and validation of Public and Confidential Statements, as well as any other information required by the supervised financial institutions. This ensures that the institutions comply with the regulations established by the CNMV and the Bank of Spain. 

XML/XBRL Reporting

The tool automatically generates reports in XML and XBRL formats, ensuring that all information reported complies with regulatory standards. This not only saves time, but also reduces the risk of errors in the reporting process.