2nd Quarter 2013

Tip of the Iceberg – Basel III – FR Y-14 – FR Y-9C – AIFMD –
CPO-PQR – Swap Dealers – UCITS – FATCA and more ….

Message by: Alex Tsigutkin, CEO, AxiomSL
Download Quarterly Newsletter

First of all, I would like to thank both of our hosts: Goldman Sachs for hosting our 1st Asset Management Conference and Morgan Stanley for hosting our 3rd User Conference for the Banking sector.

Dodd-Frank, Basel III and other regulations around the world are imposing a variety of new requirements regarding business activities, capital, liquidity, compliance and risk-management. We are seeing only “Tip of the Iceberg” as it relates to the new regulatory landscape. I believe that the best approach to meet this plethora of regulations is with a robust data-management platform which delivers transparency across multiple regulators and jurisdictions.

To successfully remain competitive while meeting current and upcoming regulations, is the ability to make efficient decisions based on data. If the data is weak, it will create delays, and hasty judgments. Legacy systems perform poorly as they are heavily customized to respond to the increasing regulatory demands. Patchwork approach often has silo affect as it hampers financial institutions’s ability to have an unified view of their process.

A strategic data-driven solutions provides a robust foundation for operational efficiency, traceability, transparency, scalability and enhancement of workflow process. AxiomSL’s integrated solution delivers greater system flexibility by responding to today’s complex demands, which include expanded data volumes and proliferation of regulatory reforms.

Deutsche Bank implements AxiomSL’s Data Management
Platform for regional regulatory reporting in APAC

Deutsche Bank and AxiomSL win Achievement in Risk Analytics
Management Award for 2012 from The Asian Banker

On May 10th, 2013 Deutsche Bank’s Singapore office selected AxiomSL’s multi-jurisdiction regulatory reporting and data-driven solution. The Automated Regulatory Reporting Tool programme (dbARRT) has enabled Deutsche Bank to respond to the region’s dynamic regulatory needs in a more agile manner.

The evaluation process for the award included a stringent three-month period when a committee observed seven different categories: competent risk organisational structure, strong infrastructure capabilities, reputable historical references, superior balance sheet quality, clearly definted monitoring capabilities and market perception, sound credit processes and monitoring tools, and regular strengthening processes and systems.

The Transaction Warehouse delivered by the dbARRT program has been instrumental in serving as the single source of truth catering to DB’s Regional Regulatory Reporting and Analytical needs. The success of the implementation can be measured by the adoption rate of the solution, which has far exceeded the initial mandate with India, Malaysia, Singapore and Japan actively embracing this solution.

“The solution provides transparency and traceability of DB’s data structure and it leverages existing data when including additional jurisdictions at a later time. We are delighted that DB has achieved their milestones and expected benefits from this program. We take great pride in sharing the success of this program and we look forward to meeting future needs as DB addresses evolving and new regulatory requirements.” said Olivier Kamoun, Mananging Director, AxiomSL Pte Ltd in APAC.

Deutsche Bank and AxiomSL were selected as joint winners of the “Achievement in Risk Analytics Management Award for 2012” at The Asian Banker Risk Games Conference in Jakarta, Indonesia on April 24th, 2013.

Basel III – FR Y-14 – FR Y-9C – AIFMD –
CPO-PQR – Swap Dealers – UCITS – FATCA and more ….

AxiomSL Recent Solutions:

The Alternative Investment Fund Managers Directive (AIFMD)’s aim is to create a comprehensive EU regulatory and supervisory framework to reduce systemic risk, increase transparency and market integrity within the financical system. These new regulations require firms to restructure how they conduct business in order to comply with the new standards.

AxiomSL delivers a strategic data-driven integration solution to comply with AIFMD, UCITS, Form PF, FATCA and other important regulations on one platform. The solution provides transparency, flexibility, scalability, drill-down and
audit trail.

To meet these upcoming regulations, AxiomSL’ technology delivers all the steps from scoping and sourcing existing data structures to aggregations, calculations, to filing the schedules. It addresses the complexity of data gathering and mapping to meet any regulatory reporting requirements.

Its dynamic dashboard delivers a complete overview including status alerts for any unfinished sections to be completed prior to filing and multi-level sign off controls to enable management review of the completed report.

It provides multi-jurisdiction capabilities and it is adaptable to quickly meet evolving and new regulations.

The Foreign Account Tax Compliance Act was implemented in an effort to prevent tax evasion and improve international tax compliance. Companies struggle to consolidate data and comply with FATCA’s unfamilar regulations.

AxiomSL empowers Foreign Financial Institutions (FFIs) with a FATCA Compliance and Reporting platform, which meets the full scope of FATCA disclosure requirements and ensures ongoing compliance.

The solution enables FFIs to consolidate, aggregate and filter client’s records to report in accordance with IGA/Form 8966 requirements.

AxiomSL delivers a single FATCA repository platform which centralizes all clients’ information from disparate sources across the world and seamlessly adapts to evolving regulations.

Large Bank Holding Companies (BHCs) in the U.S. are required by the FRB to file a Comprehensive Capital Adequacy Review (CCAR) and foreign banks are expected to do the same by 2015.

Data consolidation and integration to meet reporting requirements are very challenging because large BHC’s have to standardize, maintain, and compile financial and risk data and be ready for requests for stress testing.

AxiomSL’s comprehensive regulatory reporting solution enables BHCs to source, enrich, calculate, analyze, disclose and reconcile data to meet reporting requirements.

The Dodd-Frank Act set standards to reduce systemic risk, increase transparency; and promote market integrity within the financial system. Under Section 7, Swap Dealers, Security-Based Swap Dealers, Major Swap Participants will be subject to robust oversights in an effort to ensure that these markets are transparent, open and competitive.

AxiomSL’s integrated solution calculates capital adequacy at various levels of granularity and from multiple sources. It delivers both data integrity and a transparent link between the client’s data source and the standard calculations.