In The News
AxiomSL is again the chosen strategic regulatory solution by another world leading financial institution headquartered in Japan
Location: New York Date: May 29, 2012
Axiom Software Laboratories Inc. (AxiomSL), leading global provider of regulatory reporting and risk management solutions, was once again chosen by a global leader in financial services & investment banking with clients in over 30 countries. AxiomSL was selected for its fully integrated suite including IntegrationCenter™ for dynamic data management, Basel123™ for multi-jurisdictional capital adequacy calculations, and ControllerView® for multi-jurisdictional reporting. The new client will leverage AxiomSL’s Basel II & III standard calculations and regulatory reporting templates for both UK and Singapore. This will allow compliance with Basel III Capital Requirements Directive and deliver the harmonized Common Reporting (CoRep) templates in the UK.
AxiomSL’s success in penetrating the largest investments banks in the world derives from its bottom-up data management methodology, which allows the regulatory suite to interface with clients’ existing architectures by leveraging their data models without converting to a proprietary reporting data structure. This approach will enable the client to comply concurrently with regulatory jurisdictions in the UK and Singapore on a single, consolidated platform and with a single technical team.
AxiomSL’s extensive Basel III calculation engine includes a sophisticated capital adequacy and liquidity reporting platform. It is equipped with flexible Basel standard calculation templates, which ensure ongoing compliance with the FSA and MAS comprehensive Basel regulations. AxiomSL’s seamless solutions provide a transparent link between the client’s source data and the standard calculations easily merging client’s worldwide heterogeneous data into Basel calculations to supply a genuine global capital adequacy platform.
“In this business environment, which continues to be laden with a myriad of new regulations, our clients are faced with an increased burden on the regulatory function,” indicated Alex Tsigutkin, AxiomSL’s CEO. “Our role is to empower our clients with a cost-effective operational platform to master the challenge of more complex and more tightly regulated financial markets while monitoring risks and regulatory requirements in a stringent compliance environment.”
“CoRep aggressive deadline compels our client with a UK division to report thousands of extra risk and capital data-points at the end of the first quarter 2013”, says David Attenborough, Manager at AxiomSL UK “AxiomSL’s CoRep templates will be delivered in draft version in our ControllerView® platform to our clients in June 2012. This will allow our clients to understand the full scope being required by the European Banking Authority (EBA) and to conduct gap analysis using the platform itself. This technology combined with a proactive regulatory reporting know-how across worldwide jurisdictions ensures that compliance monitoring is always up-to-date.”
About Axiom Software Laboratories, Inc.
AxiomSL is a global leader in risk management and regulatory reporting solutions. Basel III, new Form PF regulations, liquidity, market and credit risk management and transparency are new norms where AxiomSL helps clients achieve best practice. Top 20 global financial firms use our Solutions; RiskMonitor® for risk management and ControllerView® for regulatory reporting, serving global jurisdictions. Using our dynamic data management platform, these solutions seamlessly integrate with your technical environment in a matter of weeks. RiskMonitor® and ControllerView®, together, provide an end-to-end solution to comply with all regulatory requirements.
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