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

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 […]

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

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 […]

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

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 […]

Inside View, Inside View - EMEA

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 […]

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Unclouding the Risks of Cloud Implementations for Regulatory and Risk Reporting

09/24/2018 – Unlikely as it may seem, financial institutions (FIs) are now uttering “cloud” and “regulatory reporting” in the same breath. Driven by today’s rapid velocity of regulatory change and ever-increasing data volumes, FIs are understandably tempted to marry these two concepts as they seek scale and automation benefits. In fact, regulators and FIs alike […]

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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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What does football have to do with takeover disclosure obligations?

21/08/2018 – By Gaurav Chandra, Product Manager, AxiomSL EMEA Recently, the American investor Stan Kroenke, who owns 67% of the London football club Arsenal through his investment company KSE, launched a £1.8bn takeover bid to buy the club. And, according to a stock exchange announcement by KSE, Alisher Usmanov, another major Arsenal shareholder, agreed to […]

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SHS Reporting: Are You Ready?

19/07/2018 – By Abhishek Awasthi, Product Manager, AxiomSL EMEA In the aftermath of the financial crisis, regulatory authorities developed and reformed the rules that impact the financial markets in order to stabilise the economy and increase transparency at a global level. Strategic long-term projects such as the Banks’ Integrated Reporting Dictionary (BIRD) and European Reporting […]