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 […]

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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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“There Must Be a Better Way!”
Struggles with the Common Reporting Standard (CRS)

By Abraham Teo, Head of Product Management APAC, AxiomSL APAC Inundated by a barrage of schemas; technologists, analysts and compliance specialists around the globe tasked with tackling CRS must have thought to themselves at least once: “There must be a better way!” Since the introduction of the Common Reporting Standard’s, it has become increasingly clear […]

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The Risky Risk of Counterparties: Looking Ahead at Single Counterparty Credit Limit (SCCL) Requirements

09/10/2018 – By now, all of us are aware that the upcoming Single Counterparty Credit Limit (SCCL) rule will impact large domestic and foreign financial institutions. The final rule applies to all U.S. global systemically important banks (GSIBs), U.S. bank holding companies (BHCs) and foreign banking organizations (FBOs) with total consolidated assets of $250 billion […]

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CRS – The Next Compliance Challenge

Written by: Abraham Teo, Global Head of Tax Products & Head of Product Management (APAC), AxiomSL As a consequence of the Global Financial Crisis 10 years ago, financial institutions (FIs) have been inundated with regulatory compliance requirements across all areas of their business. They have had to stay on top of and comply with multitude […]

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In The Know: Spotlighting the Dodd-Frank Act, Financial CHOICE Act, and the SEC Modernization Rules

September 12, 2017 As a world leader in regulatory and risk reporting to financial institutions, AxiomSL is often asked to clarify regulatory and compliance issues sometimes too opaque to be clearly understood. That’s the situation in which many asset management companies have found themselves related to the regulatory uncertainty clouding the U.S. investment industry. As […]