Media Coverage, Media Coverage - APAC

Trust in banks’ data declines as anxiety over upcoming regulations increases

20 August 2018 Three-quarters of financial services executives in the Asia Pacific are concerned about upcoming regulations and what they mean for data quality and management, according to an annual survey of senior-level risk and regulatory executives conducted by RegTech firm AxiomSL. Anxiety over financial firms’ ability to comply with incoming regulations is on the […]

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Regulators bristle at slow progress on BCBS 239

Risk.net By Steve Marlin 18 July 2018 Article reports that regulators are growing impatient with the industry’s slow pace in adopting the risk-data aggregation and reporting principles under BCBS 239, with only three of 30 banks passing the Basel Committee’s most recent compliance tests. Non-compliant banks now face capital add-ons and restrictions on their business […]

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AI Wide Open: The Risk Technology Awards 2018 highlight how new technologies are bringing recognition for vendors

12 July 2018 Artificial intelligence and machine learning are finding new homes in finance. Although some hedge funds and specialised teams have applied these techniques – some of which were developed in the 1950s and 60s – to market analysis and trading for a while, they are now appearing in a broader spectrum of applications. […]

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MAS 610 to be “cornerstone” of future regulatory data submissions

10 July 2018 The overhaul of MAS 610 is set to become the “cornerstone” of further submissions to the Monetary Authority of Singapore (MAS), as future regulatory reports are likely to require data similar to that demanded by the updated standards, according to a regulations expert from PwC. The Monetary Authority of Singapore commenced the […]

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AxiomSL Announces Completion of Open Taxonomy to Streamline MAS 610 Compliance

By Manesh Samtani, Regulation Asia Published on 9th July 2018 Industry initiative has condensed over 300,000 data points required by MAS 610 into 1,000 re-useable business concepts, simplifying and streamlining compliance with the reporting mandate. AxiomSL has completed the launch of its Open Taxonomy project, an industry initiative which sought to simplify and streamline compliance […]

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Manual reporting on the way out in Singapore

February 13, 2018 Proposed changes to Singapore’s current comprehensive banking regulation reporting regime could phase out manual reporting, in line with global trends. Following the Monetary Authority of Singapore’s (MAS) second consultation for amendments on MAS 610 reporting last year, the regulator plans to implement the new directives by the end of this quarter, with […]

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Singapore Banks To Develop New Reporting Structure

February 12, 2018 Seven international banks and two domestic systemically important banks have come together in Singapore to create a new framework for regulatory reporting. Driven by the upcoming revision to Notice 610, AxiomSL is leading the charge to define a new reporting structure based on taxonomy or the classification of data. The reporting software […]

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Data lineage an important issue in 2018

By Tony Zerucha, Managing Director of Bankless Times In an ever-changing global regulatory environment, one certainty as we head into 2018 is the growing importance of establishing and maintaining data lineage, AxiomSL founder and CEO Alex Tsigutkin said. Mr. Tsigutkin said AxiomSL initially focused on data management and governance, but as the company has grown […]