Solution Overview

Generally, all Canadian banks, bank holding companies, and federally regulated trust and loan companies are required to comply with the Basel Capital Adequacy Requirements (“BCAR”). Branches of foreign banks are exempt from this reporting requirement. BCAR calculates the capital to risk-based asset ratio and asset-to-capital multiple of the reporting institution and is required to be filed with the Office of the Superintendent of Financial Institutions (“OFSI”) on a quarterly basis. There are two broad methodologies available for calculating the capital requirements – the standardized and the internal ratings based (“IRB”) approaches. Prior approval from OFSI is required in order to use IRB.

BCAR calculations can be very complex as they require accessing multiple data sources along with complex calculations in order to complete all of the necessary BCAR requirements. AxiomSL’s approach provides seamless data integration across multiple business functions on a single platform and enables financial firms to quickly address regulatory changes. These features, coupled with automated validation and reconciliation, provide organizations and regulators with confidence in the accuracy, transparency and control levels of their entire process.

Resource Center

CFO Attestation: Don’t Get Stressed Out Over Testing Results

On April 5th, Bank Holding Companies were required to submit their board approved capital plans and FR Y-14A stress AxiomSL | Inside View - CFO Attestationtesting results to the Federal Reserve.

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SNB Release Update for Capital Adequacy Reporting

On Monday 31.10.2016, the SNB released an update for Capital Adequacy reporting. Version 2.6 of P_Basel (Parent Company) and C_Basel (Group) will be valid from 31.03.2017 and 30.06.2017 respectively.

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EBA consults on Guidelines on credit risk management practices and accounting...

The European Banking Authority (EBA) launched today a consultation paper on draft Guidelines on credit institutions' credit risk management practices and accounting for expected...

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Leading Spanish Bank Selects AxiomSL’s Strategic Analytics and Reporting...

AxiomSL’s enterprise-wide approach enhances analytics and controls throughout the organization while providing management with dashboards and internal and external reports...

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Awards


 
Asian Banker Award – Risk Management Awards 2016
Waters Rankings – Best Reporting System Provider
Waters Rankings – Best Reporting System Provider
RiskTech 100 2014 Category Winner Customer Satisfaction