As part of the Capital Requirements Directive IV (CRD IV), the European Banking Authority (EBA) has introduced a harmonized European reporting framework for prudential information (COREP) and financial information (FINREP).
The many evolving Basel-driven requirements challenges revolve around:
To continue to comply with COREP evolving requirements, FIs must:
AxiomSL enables firms to automate the process of calculating and reporting capital and satisfy EBA-mandated CRD IV COREP requirements on ControllerView ― a single platform that accommodates multiple internal entity structures and jurisdictions.
AxiomSL’s solution automates the process of calculating and reporting conservative and countercyclical capital buffers.
The COREP solution is powered by: