AxiomSL’s industry-leading solutions are enabling banks, asset managers and insurance firms in Belgium to manage ongoing regulatory change, including tax, financial and risk operations reporting requirements.
AxiomSL provides the templates and reporting functionality needed for disclosures to the National Bank of Belgium and the Financial Services and Markets Authority (FSMA). AxiomSL relieves its clients of burdensome development work by monitoring changes to the reporting requirements and implementing the necessary updates to its templates and system.
Asset managers in Belgium are reaping the benefits of AxiomSL’s solutions for the Alternative Investment Fund Managers Directive (AIFMD), shareholding disclosure requirements and many other regulations. Meanwhile, insurance firms are using AxiomSL to meet their obligations under Solvency II.
AxiomSL supports all electronic submission formats. Its sophisticated XBRL functionality includes the ability to maintain multiple taxonomy versions. This is proving particularly valuable to market participants as regulatory requirements continue to evolve.
AxiomSL’s ‘one platform’ model means the same underlying architecture can be used to comply with all of these requirements and many others, allowing clients to reduce the cost and complexity of regulatory compliance.