The European Banking Authority’s (EBA) latest Basel IV impact assessment notably indicates a 24.4% increase in the minimum total capital requirement that potentially creates a rather startling €135.1 billion shortfall in total capital – largely impacting systemically important financial institutions (SIFI). Under discussion at risk conferences and symposia everywhere, this assessment is giving fresh credence […]
When in March 2018 the Monetary Authority of Singapore (MAS) announced revised standards on data collection requirements for MAS 610/1003 regulatory returns, the number of data points financial institutions were required to report jumped from about 4,000 to more than 300,000 across 67 reports. MAS set a tight 24-month implementation window. Starting on 1 April […]
As new rules are applied to asset managers, data sourcing and management are growing challenges for firms. This video of panelists from AxiomSL, Refinitiv and aosphere discuss and investigate how asset managers are dealing with global shareholding disclosures.
Many financial institutions (FIs) find themselves wondering how they became mired in a credit model muddle that is dragging down their profitability. They want to know how they can get out of this swamp. Traditionally, FIs heavily relied on economic capital models to support business decision-making. Then, with the financial crisis precipitating a slew of […]
NEW YORK, LONDON, SINGAPORE, MEDELLIN, June 25, 2019: – AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announces that it has entered into a partnership with Refinitiv, one of the world’s largest providers of financial markets data and infrastructure. Combining AxiomSL’s robust Global Shareholding Disclosures (GSD) solution with Refinitiv’s reference data […]
Company Relocates Canadian Operations to the Home of the Toronto Stock Exchange TORONTO, NEW YORK, June 6, 2019 – AxiomSL, the leading global provider of regulatory-reporting, risk and data-management solutions, announced today that it will relocate its Canadian operations to accommodate the company’s tremendous growth in the 18 months since opening its office in 2018. […]
Company’s Enterprise Data Management Platform Named “Best Data Management Solution for Regulatory Compliance” NEW YORK, LONDON, SINGAPORE, MEDELLIN, May 8, 2019 – AxiomSL, the leading global provider of regulatory-reporting, risk and data-management solutions, today announced it has been honored in the 2019 RegTech Insight Awards for the third consecutive year. Organized by the A-Team Group […]
Implications, Implications, Implications: The Federal Reserve Prudential Regulatory Standards for Foreign Banking Organizations (FBOs) Operating in the U.S.
By Robert Lee, Executive Director, AxiomSL On April 8, 2019, the Federal Reserve announced proposed revisions to the prudential regulatory standards for foreign banks operating in the U.S. The proposal introduces a tailored approach based on the risk profiles of the FBOs’ U.S. operations that is similar to the framework proposed on October 31, 2018 […]
LONDON, 01/05/2019 – AxiomSL, the leading provider of regulatory reporting and risk management solutions, announces today that Yapi Kredi Bank Nederland has selected AxiomSL’s strategic platform to comply with European Banking Authority (EBA) capital and liquidity regulations, in addition to De Nederlandsche Bank (DNB) specific financial and statistical reporting requirements. AxiomSL will enable Yapi Kredi […]
Outsourcing of middle and back office functions are becoming commonplace in the financial industry, and shareholding disclosure is no different. When operating in one jurisdiction, the challenge is not so great, however, when funds have an international or global presence, coordination can become more complex. AxiomSL and Clear Path Analysis shares insights on the ways […]