Banks, asset managers and insurance firms in Portugal are using AxiomSL’s solutions to ease the burden of complying with a wide range of regulations, including tax, financial and risk operations reporting requirements.

Market participants in Portugal are using AxiomSL’s templates and submission functionality for Banco de Portugal disclosures. AxiomSL relieves its clients of development work by continually monitoring changes to the reporting requirements and making the necessary updates to its templates and system.

Clients in Portugal are also using AxiomSL’s solutions to comply with a range of other domestic, regional and global requirements, including Basel calculations, the Capital Requirements Directive IV (CRD IV), liquidity coverage ratio (LCR) reporting and many other regulations. For insurers and asset managers, AxiomSL’s solution provides the easiest way to meet their obligations under Solvency II.

Clients can use AxiomSL to report in all electronic submission formats. AxiomSL’s sophisticated XBRL functionality includes the ability to maintain multiple taxonomy versions. This is proving particularly important to clients at a time when 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.