Regulator rules by country
Regulator requirements are not hard-coded into products. They are stored as versions by country and area, each version cites the legal norm, and platform calculations are checked against the version in force on the operation date.
What is inside
- 01
Ten areas: rate caps, repayment order, cooling-off, debtor contacts, provisions, taxes, deadlines for suspicious activity reports, reference units, debt burden and issuance limits.
- 02
Each rule version stores a reference to the legal norm and its effective date.
- 03
An organization can make a rule stricter but never weaker than the country requirement.
- 04
Full cost of credit calculation for Russia and a debt burden check before payout.
Nearby in this group
Regulatory reporting
Forms of the Bank of Russia, ARDFM, NBKR, the Central Bank of Uzbekistan and the FRC of Mongolia, regulator requests and deadlines.
Expected loss provisions
IFRS 9 stages by days past due, country provisioning rates and a daily recalculation.
Tax reporting
Tax forms per jurisdiction and withholding tax at the source of payment.