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25 Feb 2016

AfrAsia Bank simplifies Regulatory Reporting using IRIS iDEAL

The Bank of Mauritius (BOM), which is the central bank of Mauritius, issued a mandate in December 2014 to all banks asking them to report their regulatory returns in XBRL. To enable this directive, BOM embarked on a project, XBRL-based Reporting System, Data Warehouse and Business Intelligence Tools, consisting of the automation of BOM’s data collection, management and processing system. All banking institutions were required to submit various regulatory returns for daily, monthly and quarterly reporting in the standardized XBRL format.

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