Financial Institutions (FIs) in the U.S. need high quality and complete data sets to comply with Federal Reserve (FR) FR 2052a Complex Institution Liquidity Monitoring Report. This report is required either daily or monthly for large Bank Holding Companies, Commercial Banks, and the U.S. entities of Foreign Banking Organizations.
FR 2052a requires FIs to:
The above factors are forcing FIs to reevaluate their approach to meeting liquidity-reporting challenges.
Part of AxiomSL’s holistic U.S. liquidity ecosystem, the FR 2052a solution running on AxiomSL’s ControllerView® data integrity and control platform empowers FIs to use their trusted liquidity data to deliver FR 2052a to the Federal Reserve and to derive compelling analytic benefits for the firm.
The solution incorporates the powerful modules:
In addition, AxiomSL’s 2052a solution will form the base source for NSFR calculations when the rule is finalized, saving FIs over 60% of the implementation effort because of the cross-reference matches from FR 2052a to NSFR.