Banks face a major challenge sourcing and integrating the disparate data required for International Financial Reporting Standards (IFRS) 9. Most data will come from risk and finance, two functions that historically have operated in isolation from one another, applying different standards to the data they use.
AxiomSL’s end-to-end IFRS 9 solution delivered on its data integrity and control platform, ControllerView®, provides both the controlled environment required by accounting and the flexibility required by risk that directly impacts banks’ ability to satisfy regulatory requirements and strengthen risk perspectives enterprise wide.
Provides model access, control, and flexibility via IntegratedModelView capabilities on the ControllerView platform that informs decision making and enables collaboration across functions
Automates classification and measurement of assets and liabilities
Facilitates scenario testing
Calculates ECL both transactions and portfolio levels
Seamlessly aggregates multiple data sources from risk, finance, asset liability management (ALM), and economics supported by AxiomSL’s extensible CreditView data dictionary
Integrates whole or part of an end-to-end IFRS 9 solution and naturally embeds regulatory requirements such as BCBS 239 in a single platform
Provides generic ability to drill down any result produced at any time and delivers data lineage for traceability and auditability
Icarus flew too close to the sun; his estimation of when his wax wings would...
It may be the case that your financial institution has to implement IFRS 9. Understanding...