As of July 2019, banks in the UK started complying with the Prudential Regulation Authority’s PRA 110 liquidity framework which is more granular and requires more frequent reporting than previous liquidity reporting requirements.
PRA 110 requires financial institutions to:
Part of AxiomSL’s holistic liquidity ecosystem, the PRA 110 solution running on AxiomSL’s ControllerView data integrity and control platform empowers FIs to use their trusted liquidity data to deliver PRA 110.
AxiomSL’s flexible, integrated, data-driven platform delivers an end-to-end automated solution for liquidity risk management and regulatory reporting for financial institutions to meet Basel’s Pillar 1 and Pillar 2 liquidity requirements while ensuring full transparency and control.
Unique in providing users with the ability to drill down, automate workflows, and review reports to original data sources, AxiomSL’s solution empowers clients to successfully monitor risk and eliminate errors that can often occur through manual processes.