Complex Data and Calculations
Implementing the Government of Canada’s Office of Supervision of Financial Institutions’ (OSFI) ever changing landscape of Basel Capital Adequacy Reporting (BCAR) requirements correctly can be very time consuming and challenging.
Completing BCAR calculations requires accessing multiple data sources along with calculating complex calculations and business rules.
Questions to Consider
- Are we calculating the most optimal capital (e.g., mitigations, modelling instruments, exposure level calculations)?
- Do we have complete, relevant, and accurate risk data to calculate BCAR’s required RWA, capital deductions, or ratios?
- Are we in full compliance with OSFI’s BCAR requirements?
- Are we able to generate BCAR reports promptly to distribute to relevant professionals in our organization as well as to OSFI?
- Are we able to establish the lineage of our data?
- Can we access our data in a consistently timely manner?
Data Integrity & Control
AxiomSL’s Basel Capital solution running on ControllerView empowers Federally Regulated Financial Institutions (FRFIs) to satisfy Basel requirements for timely reporting.
Capabilities
- Delivers a sophisticated BCAR solution powered by the CapitalView data dictionary edition for Canada, and state-of-the-art analytical engine and reporting capabilities
- Accurately processes required information enabling BCAR validation and reporting within tight timelines
- Enables scenario analysis and stress tests
- Capacitates disaggregation to drill down into granular data
- Validates data for risk and regulatory reports
- Allows risk data aggregation with detailed views by any grouping criteria
- Operates efficiently and seamlessly on AxiomSL’s data integrity and control platform
- Easily ingests data in native format from across the FRFI’s existing data architecture
- Facilitates multi-level sign-off with alerts
- Provides pre-submission report review
Canadian Basel Capital Solution Overview
End-to-end data management, process, and calculation solution for OSFI BCAR and other Canadian Basel capital reporting.
Click image to view at full size
Learn more about AxiomSL’s Canadian Basel Capital solution
OSFI Large Exposure Reporting – How Is It Really Going?
With COVID-19 upping the ante on risk, now is a prime time for Canadian banks...
Revised Capital Requirements Regulation Rules: CRR2 Reforms And Beyond In The Age Of COVID-19
“Revised Capital Requirements Regulation Rules: CRR2 Reforms And Beyond In The Age Of COVID-19” is...
Alice in Basel-land – New EBA Large Exposure Framework and CRR2 Will Alter Financial Institutions’ Realities Globally
With European Banking Authority (EBA) driven large exposure compliance and reporting requirements originally due in...
Navigating Turbulent Waters – Are We Prepared for the Basel Journey?
The expansion of Basel requirements involves more than a simple finalization of Basel III reforms.