RECO: Regulatory & Compliance Tool
From fragmented regulatory control to regulatory resilience
01 Abstract
From obligation to organisational capability
Regulatory Reporting has become a continuous control cycle, no longer a one-off obligation. The regulatory burden has grown structurally: the complexity of the rules and their constant revisions ripple across different teams, Operations, Front Office, IT, who today find themselves managing exceptions without a shared framework, often relying on tools and processes built at different times and never truly aligned with one another.
RECO, FORFIRM's Regulatory & Compliance Tool, turns this control from a fragmented activity into a structured, reliable framework. It sits alongside existing reporting systems, without replacing them, and systematically reduces non-compliance risk across the entire reporting lifecycle, from pre-submission validation to exception management, all the way to an audit trail ready for the board and for regulatory inspections.
Born on EMIR, RECO is built to extend: the same platform, the same control logic, applies to FinfraG, SFTR, Dodd-Frank, MiFID II/MiFIR, LCR, NSFR, ALMM and Leverage Ratio. A bank that adopts RECO is not acquiring a tool designed for a single regulation, but an organisational capability that grows with the regulatory perimeter. FORFIRM brings over 15 years of vertical Regulatory Reporting expertise to make every bank regulatory-resilient, not just compliant.
02 Four Ways RECO Creates Value
4 ways RECO creates value
| Area | Why it matters | What it does | Key KPI |
|---|---|---|---|
| Pre & Post-Submission Controls (EMIR) | Ensures every report meets ESMA rules before submission, reducing rejections and sanctions |
| Up to 97% STP rate target |
| Internal Audit Support | Demonstrates at any time that the applied rules are correct, even during unplanned inspections |
| 100% audit trail · 4-eyes control |
| Simulator for Regulatory UAT Support | Tests the impact of new rules arising from ongoing regulatory revisions |
| Zero production downtime |
| Multi-Regulation Platform | Supports multiple regulations on a single platform, without a new IT project for each new obligation |
| +9 regimes available today |
Pre & Post-Submission Controls (EMIR)
Ensures every report meets ESMA rules before submission, reducing rejections and sanctions
- Technical validation of ISO 20022, LEI, UTI/UPI
- TR-to-TR reconciliation
- Automatic categorisation and routing of exceptions
Internal Audit Support
Demonstrates at any time that the applied rules are correct, even during unplanned inspections
- Independent validation of the rules applied by the reporting engine
- Fully traceable log
- Documentation support for inspections
Simulator for Regulatory UAT Support
Tests the impact of new rules arising from ongoing regulatory revisions
- What-if simulation on historical samples
- Impacts identified before rules take effect
Multi-Regulation Platform
Supports multiple regulations on a single platform, without a new IT project for each new obligation
- Configurable rule engine with no code release
- Same logic applied across every regulation
Strategic impacts for Banks
Risk Reduction Engine
Up to 97%: reports automatically validated before submission, with a structural reduction in risk
Operational Efficiency Boost
-30/-40%: reduction in the average time to close exceptions, thanks to automatic routing
Regulatory Agility
Tested in advance: the impact of new regulatory updates simulated before they become binding
Governance & Positioning
Rapid access: audit trail and reporting ready for the board, with no manual reconstruction needed
03 The FORFIRM Service
End-to-end accountability
Regulatory Watch & Impact Assessment
Continuous monitoring of regulatory developments (ESMA/FINMA/EU) and impact assessment on systems for every new regulation
End-to-End (E2E) Accountability
A turnkey solution architecture combining strategic process advisory with technical execution, ensuring full accountability from building to ongoing operations
Governance & Controls
Definition of the incident management framework and Target Operating Model design
Audit & Change
Audit readiness, support for onboarding new regulations, and remediation on findings
04 Why FORFIRM
The Swiss regulatory resilience partner
Swiss Boutique SME Presence
The only Swiss consulting firm combining deep Regulatory subject matter expertise. Dedicated offices in Lugano and Zurich to support the local financial ecosystem.
Strategic & Operational Partner
We bridge the gap between strategy and execution. We provide full support for ongoing back-office operations.
Proven Track Record
Our team consists of professionals with a proven track record in transaction reporting and other regulatory regimes.
Proximity
Assessment activities conducted under Swiss confidentiality standards with local presence and multilingual support.