Banks, asset managers and insurance firms in Switzerland are using AxiomSL’s solutions to manage ongoing regulatory change, including tax, financial and risk operations reporting requirements.
AxiomSL maintains up-to-date templates for reporting to the Swiss National Bank (SNB) and Swiss Financial Market Supervisory Authority (FINMA), and offers the submission functionality market participants need to comply with disclosure requirements.
Private banks in Switzerland are availing of AxiomSL’s data validation, transformation, aggregation and reporting functionality. Swiss asset managers and insurance firms are using AxiomSL’s solutions to comply with new requirements in markets around the world, including the Alternative Investment Fund Managers Directive (AIFMD), the Foreign Account Tax Compliance Act (FATCA) and Solvency II.
AxiomSL supports all electronic submission formats. Its XBRL reporting functionality includes the ability to maintain multiple taxonomy versions and is enabling financial services and insurance clients to manage evolving regulatory requirements.
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.