EBA Taxonomy 3.0 CRR2 Whistlebrook understands that implementation of Capital Requirements Regulation (CRR2) in the UK is to be delayed until 1 January 2022. It...

Strong and Simple Regulatory Framework Whistlebrook understands that earlier in November, the Deputy Governor of the Prudential Regulation Authority expressed an intention to implement a...

Whistlebrook, a leading provider of back office software to the Financial Services sector, has partnered with Sytech Solutions to deliver data integration services. Whistlebrook provides...

Treatment of Software Assets (COREP) In COREP form CA 01.00, Common Equity Tier 1 (CET1) capital includes a full deduction of software  within ‘Other Intangible...

The following regulatory update is Whistlebrook’s understanding of the position as at 24th September 2020. Taxonomy 2.10 This European Banking Authority taxonomy will be included in...

Whistlebrook is conducting a financial services publications survey in order to gain a view on the most efficent way to publish our industry news....

Six Degrees’ industry leading secure cloud services enable firms to deploy Whistlebrook’s products in both infrastructure and platform as a service models. Whistlebrook trusts...

Taxonomy 2.10 The European Banking Authority (EBA) is introducing taxonomy 2.10 which is to be effective from report reference date 31 December 2020.  This taxonomy...

Whistlebrook is a long-term Microsoft Gold Partner and has developed a broad product suite for financial services all built within the Microsoft development framework. Located...

Pillar 2A The PRA issued policy statement 15-20 (follow up to consultation paper 2-20) regarding changes to Pillar 2A. Based on a risk environment that...

An innovative technology company based in Hertfordshire is set to support the “growth aspirations” of a leading Challenger Bank. Whistlebrook, located in Tring, has been...

FINREP COVID 19 - EBA Requirement The European Banking Authority (EBA) advised on 2 June that it is to introduce new FINREP templates on exposures...

EBA Taxonomy 2.9 (FINREP) Firms subject to FINREP should have any revised requirements being introduced by taxonomy 2.9 on their Gabriel schedule for report reference...

London, UK – February 2020 – Whistlebrook Limited, a leading provider of back office solutions for the financial services industry, is delighted to announce...

FINREP Changes to FINREP under EBA taxonomy 2.9 will become effective from report reference date 30th June 2020 or later, where a firm’s financial year...

Whistlebrook is delighted to present our new software information pack. Each item in the pack is printed on recycled paper using vegetable inks and is...

Whistlebrook has successfully completed the FSQS Stage 2 accreditation. The Hellios FSQS certification process is a benchmark used by major UK banks and financial institutions...

Taxonomy 2.9.1 - FINREP The European Banking Authority (EBA) is introducing taxonomy 2.9.1 for FINREP. Firms that are subject to FINREP are required to use...

London, UK – February 2020 – Whistlebrook Limited, a leading provider of back office solutions for the financial services industry, is pleased to announce...

London, UK – January 2020 – Whistlebrook Limited is pleased to announce that Saffron Building Society has implemented Whistlebrook’s WBEIR® product to meet the...

Whistlebrook would like to thank all those who attended the November 2019 WIRES® User Group meeting, and Hinckley & Rugby Building Society for hosting...

WIRES® User Group Meeting Whistlebrook ran a WIRES® user group meeting earlier in November and would like to thank all those who attended. We felt...

Version 3.0.1.0 of WTMS®, released in July this year, heralded the full support for SONIA compounding interest in response to the increasing number of...

PRA110 Treatment of Salary Related Cash Flows In the previous month’s newsletter, reference was made to a question that had been raised by the PRA and...

Changes to REP017 – Payments Fraud Reporting A new version (3.1) of REP017 will be effective from report reference date 31 December 2019. Whistlebrook understands...

Whistlebrook is delighted to announce our collaboration with UK Finance to broadcast a FREE Webinar exploring the risks of Effective Interest Rate Income Recognition. The...

Whistlebrook's CEO, David Webber explores false accuracy in forecasting for finance. No building society or bank would believe that building your own in-house bespoke accounting...

Taxonomy, DPM and Validation Rules for PRA110 The final versions are expected from the PRA in September and will be effective from 1st January 2020....

July 2019 has been an exciting month at Whistlebrook. It has not just seen new customers for Financial Planning (WFP®), Regulatory Reporting (WIRES®), Taxation...

Capital Requirements Regulation (CRR II) Most changes to the regulation will be effective from 28 June 2021 and can be found in the Official Journal...

Whistlebrook’s Financials application is undergoing development to update and enhance the current range of features including adjustments recommended by our customers. The WBF® software...

We would like to thank all our WTMS® customers that were able to participate in the WTMS® User Group meeting on 24th May 2019. The...

From July 2019, the majority of financial services organisations in the UK will be required to submit the new PRA110 regulatory return. Depending on...

London, UK – May 2019 – Whistlebrook Limited is pleased to announce that Penrith Building Society has chosen Whistlebrook’s Regulatory Reporting product WIRES®. WIRES® is...

PRA110 – Cash Flow Mismatch Form This new regulatory template is included in the WIRES® release 5.4 that was issued earlier this month. In-house calculations...

Whistlebrook is pleased to announce that Whistlebrook Financials (WBF®), the most widely used ledger system among Building Societies, has been approved by HMRC to...

Hinckley & Rugby Building Society and Whistlebrook have announced a long-term strategic partnership to support the Society’s growth aspirations in lock step with Whistlebrook’s...

Pillar 2A Capital Framework A few changes have been proposed to the framework. It is understood that assessment of a firm’s Pillar 2A capital, under...

We would like to thank all our WIRES customers that were able to participate in the WIRES User Group PRA 110 workshop on 12th...

At the November WIRES® User Group Meeting it was agreed to organise a workshop to discuss PRA 110 in more detail. This workshop has now...

FSA047 and FSA048 Withdrawal It is proposed that liquidity returns FSA047 and FSA048 that are due to be withdrawn upon the introduction of PRA110, remain...

Gordon McMaster Regulatory Specialist Accountant at Whistlebrook Limited explores the PRA110 Challenge. Cash Flow Mis-match regulatory return PRA110 is effective from July 2019 and current...

Whistlebrook and the WIRES user community, would like to thank Hinckley & Rugby Building Society for hosting the most recent WIRES User Group meeting...

Disclosures of Forborne and Non-Performing Exposures This is an EBA requirement that is effective from 31 December 2019. The following text assumes that the disclosure...

Whistlebrook would like to wish you a very Merry Christmas and a Happy, Healthy and Prosperous New Year.

Later this month, Hinckley & Rugby Building Society will be hosting the next WIRES User Group Meeting. For planning purposes, users must register to attend...

FSA047 and FSA048 Withdrawal It is proposed that liquidity returns FSA047 and FSA048 that are due to be withdrawn upon the introduction of PRA110, remain...

Prudent Valuation The last submission of PV01 will be for reference date 31st December 2018. This date coincides with the reporting for prudent valuation within...

Bank of England Buy to Let Lending (Corporate Exposures) Phase three (the addition of corporate exposures) of this data collection is effective for the quarter...

David Webber CEO of Whistlebrook Limited explores how the complexity has evolved in income recognition for loans and how business insight could be derived...

FINREP and Taxonomy 2.8 The PRA has attempted to reduce any confusion regarding which taxonomy should be used, where a firm’s accounting year is different...

Whistlebrook is delighted to announce it is now the back office finance systems partner for the following core system providers: DPR Mutual Vision Profile...

Whistlebrook are pleased to announce the refresh of their Social Media, including LinkedIn, Twitter and Google+. These platforms will offer additional expert information, industry...

The PRA & FCA expect financial services businesses to have fully segregated business functions, with clear audit trails, no single points of failure and...

Countercyclical Buffer For UK exposures, the capital buffer is now 0.5% of the risk exposure amount. With effect from November 2018, the buffer will increase...

London, UK – June 2018 – Whistlebrook Limited is pleased to announce that Kingdom Bank has chosen Whistlebrook’s auto populate, and integrated regulatory reporting...

8th June 2018 - Following on from the success of the first WIRES User Group meeting, the second of these sessions was run last...

Taxonomy 2.8 The EBA announced that taxonomy 2.8 will be effective from report reference date 31st December 2018. Whistlebrook understands that taxonomy 2.8 contains the...

London, UK – April 2018 – Whistlebrook Limited, a leading provider of back office solutions for the financial services industry, is pleased to announce...

The introduction of taxonomy 2.7.0.1 with effect from report reference 31st March 2018, has been included in the release of Wires (5.01), which was...

Whistlebrook is delighted to announce that Alice Mitchell has joined the business to lead the marketing function. Alice is a graduate in design with...

Whistlebrook Limited, a leading provider of back office solutions for the financial services industry, is pleased to announce that following a rigorous selection process,...

Taxonomy 2.7 Republished The EBA has republished taxonomy 2.7 which is to be effective from report reference date 31st March 2018. It appears that due...

EIR Webinar Featuring insight from KPMG and Whistlebrook - Stream Now! On the 29th November, Whistlebrook took part in a Mortgage Finance Gazette webinar looking...

How will new reporting standards impact the calculation of Effective Interest Rates?   29/11/17 2.00pm Since the introduction of FRS 102, and in anticipation of mandatory IFRS 9...

Forecast Capital + (PRA101-103) The required templates will be in WIRES at no additional charge, within which the necessary XML files can be generated. Users...

Whistlebrook Limited, a leading provider of back office solutions for the financial services sector, is pleased to announce that Monmouthshire Building Society (MBS) has...

Leverage Ratio In September, the Financial Policy Committee advised that it is to recommend to the PRA that there should be a minimum leverage ratio...

Cash Flow Mismatch Risk Framework The PRA has proposed that as part of the Pillar II Liquidity Regime, cash flow mismatch reporting be introduced. Whistlebrook...

Whistlebrook is proud to have co-sponsored the 2nd Annual Summit for Regulatory Reporting for Banks with KPMG on 28th and 29th June. Attracting more...

Forecast Capital + PRA101 to PRA103 The Bank of England’s BEEDS system will be used to collect data submissions of the forecast capital + returns....

As part of our future growth strategy Whistlebrook is appointing software industry veteran David Webber as Chief Executive Officer Whistlebrook Limited, a leading provider of...

Taxonomy 2.6 An interim release of Wires was made on 3rd May to address the requirement of the PRA, that where a firm is asked...

London, UK – May 2017 – Whistlebrook Limited, a leading provider of back office solutions for the financial services industry, is pleased to announce...

Regulatory Reporting Changes – COREP and ALMM The European Banking Authority has advised that with effect from report reference date 31st March 2018, reporting requirements...

London, UK – March 2017 – Whistlebrook Limited, a leading provider of back office solutions for the financial services industry, is pleased to announce...

We are delighted to announce that Whistlebrook is now the recommended supplier of financial back office solutions for Mutual Vision. Mutual Vision is a leading...