Articles, White Papers, White Papers - AMERICAS, White Papers - APAC, White Papers - EMEA

Traversing the Intricacies of IFRS 9 and CECL Implementations

It may be the case that your financial institution has to implement both IFRS 9 and CECL. Understanding the nuances of these two game-changing regimes is mission critical for financial institutions faced with implementing IFRS 9 for non-U.S. entities and CECL for U.S. entities. In this article we examine them together to illuminate the challenges […]

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Australian Prudential Regulation Authority (APRA)

Expanding Australian Regulatory Reporting: Turning a tactical challenge into strategic benefit The Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia (RBA) are making a significant number of changes to core regulatory reporting requirements, some of which have not changed in the last 15 years. Key components of these enhancements include making sure […]

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Interest Rate Risk in the Banking Book (IRRBB)

Identify, mitigate and effectively manage this regulatory challenge Of late, management of Interest Rate Risk in the Banking Book (IRRBB) is receiving considerable attention, mainly owing to two complementary factors. First is the market condition wherein interest rates have been at a historical low for a long time and the resultant uncertainties posed by the […]

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Net Stable Funding Ratio (NSFR)

Setting up a solid foundation to meet liquidity requirements Leading up to the financial crisis of 2008-09, some banks made use of excessive amounts of short-term wholesale funding to finance their long term lending activities. Eventually, when faced with a shortage of short-term wholesale funding, these financial institutions were forced to sell-off their assets at […]

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Beyond FATCA & CRS Reporting – Data Overload

Global tax evasion and the opacity of tax havens has led to world-wide efforts to improve coordination and exchange of financial information among nations. The US initiated these efforts through FATCA (the Foreign Account Tax Compliance Act), which requires financial institutions around the world to collect data on the financial transactions and account balances of […]

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Preparing For The IFRS 9 Game-changer – An AxiomSL White Paper

International Financial Reporting Standard 9 (IFRS 9) will fundamentally change accounting practices by requiring firms to consider the impact of possible future events when calculating their capital provisions. With implementation set for 1 January 2018, firms have a number of significant challenges to overcome, including: accommodating the differing demands of risk and finance managing large […]

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Making BCBS 239 Operational – An AxiomSL White Paper

The Basel Committee on Banking Supervision’s 239 (BCBS 239) Principles for Effective Risk Data Aggregation and Risk Reporting have wide-ranging implications for global systemically important banks (G-SIBs). However, many banks appear to have overlooked the important role that the regulatory calculation and reporting platform will have to play in their compliance with the principles.   […]

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Robust, integrated platform that meets global liquidity risk management and reporting requirements

Liquidity risk management and regulation are at the forefront of challenges facing the global financial industry today, as regulators have responded to systemic liquidity risk by introducing formal liquidity metrics into the reporting framework. Increased scrutiny by the authorities combined with the changing nature of funding markets has forced banks to rethink their approach to […]