Wholesale and Retail Cost Modelling

Region: EMEA (Middle East)

Context

Multi-year obligation to produce unqualified Regulatory Financial Statements (RFS) for national regulator requiring end-to-end data collection, model validation, costing runs, production, liaison with regulator/auditors.

Approach

Established robust, repeatable input data gathering across business units; implemented structured validation/QA framework for cost model templates; automated key costing system steps; standardized RFS workflows; set up clear communication/documentation channels for regulator and audit engagement.

Success story

Delivered timely, high-quality RFS with unqualified opinions; improved internal efficiency by reducing manual rework; enhanced transparency in cost allocation; strengthened relationship with regulator and auditors through clear documentation and proactive engagement.