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:
Enables FIs to run required CRD IV capital and risk-weighted asset (RWA) calculations, including credit risk, market risk, operational risk, credit valuation adjustments, default fund contribution, and leverage ratio
Provides FIs opportunity to drive efficiencies from Basel-IV changes
Prepares for future by calculating both standard (SA) and internal ratings-based IRB approaches on the credit risk portfolio
Enables FI to identify where to optimize RWA
Offers FIs flexibility to implement any COREP element as well as emerging Basel IV requirements such as FRTB and SA-CCR
The CapitalView extensible data dictionary enables the data quality essential for capital calculations
FIs can utilize ControllerView for COREP, FINREP and all other regulatory calculation and reporting requirements
Users can drill down into the calculations that are run by AxiomSL’s solution and see how the EBA’s standard rules have been applied
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LONDON, 27 Nov 2018: AxiomSL, the leading provider of regulatory reporting, risk and data management...