Inside View, Inside View - AMERICAS, Inside View - APAC, Inside View - EMEA

Embracing the Basel IV Change Constant

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 […]

Inside View, Inside View - AMERICAS, Inside View - APAC, Inside View - EMEA

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 […]

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Strong Data Practices Will Help Restore Faith In Australia’s Financial Institutions

By Abraham Teo, Head of Product Management APAC, AxiomSL APAC With the Royal Commission’s blistering report on Misconduct in the Banking, Superannuation and Financial Services Industry out in the open since February 1, 2019, all eyes are now on financial institutions and their supervisors to see how they will address its 76 recommendations and work […]

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2018 – An Amazing Year of Awards, Recognition and Gratitude

In 2018 AxiomSL received a record nine awards/recognitions covering a range of capabilities, and in an EY survey, was acknowledged as the Leading Technology choice for regulatory reporting globally. We are honored by these industry accolades and deeply grateful for the support and trust of our valued clients that made this success possible.   CORE […]

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How Do You Spell Relief? “E-G-R-R-C-P-A”

On October 31, 2018, driven by “EGRRCPA” (Economic Growth, Regulatory Relief and Consumer Protection Act) the U.S. FRB ― along with the OCC and FDIC ― issued a joint notice of proposed rulemaking (NPR) “to establish a revised framework for applying prudential standards to large U.S. bank holding companies (BHCs) based on risk.” The proposed […]

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Addressing Regulatory Cliffhangers In Brazil With Innovative Technology

The Resolution 4557 Illustration By: Marlene Dos Santos, Regulatory and Risk Subject Matter Expert, Brazil Brazil’s regulatory eco-system is complex and demanding for all financial market participants. As mandated by the National Monetary Council (CMN), supervised banks and other entities must regularly provide extensive risk and liquidity information to the Central Bank of Brazil (BACEN) […]

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Addressing Regulatory Compliance Challenges in Mexico With Technology Innovation

The ICAP Illustration By: Daniela Valdez, Regulatory Subject Matter Expert México, AxiomSL LATAM Financial institutions (FIs) striving to comply with regulatory requirements today are faced with the three ‘V’s of data challenges: velocity, volume and veracity. Regulators require information at ever-increasing frequencies. At the same time the size, quantity and diversity of structured and unstructured […]

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Complete Your CECL Preparation in Weeks Not Months

Financial institutions (FIs) recognize the depth and breadth of the CECL challenge. Not only is moving from a passive annual credit-review regime to active credit reporting a cultural sea-change for most FIs, but implementing a repeatable, reliable CECL compliance program is a massive undertaking. Achieving the data transparency, validation, model implementation/integration, accounting entries and disclosures […]

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Clear Visibility into the Cloud:
Q&A with Don Brook, AxiomSL’s Global Cloud Strategic Advisor

We caught up with Don Brook, AxiomSL’s new Global Cloud Strategic Advisor, to learn more about his background, why he joined AxiomSL, and the key trends and issues he’s keeping an eye on in the industry. This interview has been edited and condensed for length and clarity. AxiomSL: Tell us a little bit about you […]

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It’s Raining Scrutiny
The High Price of Bad Data in Broker/Dealer Regulatory Submissions

Bruce Runciman, AxiomSL Executive Director – SME Regulatory Reporting A Missing Datapoint A security slips into your position data staging missing a critical piece of information. A bad or missing price, the wrong or missing credit rating, a missing security identifier or security type, bad or missing referential information, these are examples of determinable errors […]