Ready, Steady... IRR Update

Just when you got used to completing data item FSA009, it changed. Just as you are probably getting used to completing and submitting FSA003 via the Early Reporting System (ERS), wholesale changes to the reporting requirements, submission frequencies, deadlines and methods are upon us.

The last time we reported on integrated regulatory reporting (IRR), we informed you that the start dates had been deferred from 1 January 2008 to 30 June 2008 for BIPRU firms and 31 August 2008 for non-BIPRU firms. However, as with many projects involving IT systems, the roll-out has not gone quite as the FSA originally planned.

On 1 July 2008, ten new data items were made available for BIPRU firms, including FSA001 (Balance sheet), FSA002 (Income statement/profit and loss account), FSA008 (Large exposures) and FSA019 (Pillar 2 questionnaire). The remaining BIPRU data items have been deferred and are due to launch with