Banks, asset managers and insurance firms in the UK are using AxiomSL’s solutions to manage ongoing regulatory change, including tax, financial and risk operations reporting requirements.

Financial institutions use AxiomSL’s submission solution to report to the Bank of England (BOE), Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA). AxiomSL continually monitors changes to the requirements and produces the necessary updates.

AxiomSL’s banking solutions include coverage of the Firm Data Submission Framework (FDSF) stress testing programme. For asset managers, AxiomSL’s solutions provide the easiest way to comply with the Alternative Investment Fund Managers Directive (AIFMD), shareholding disclosure requirements and many other regulations. Insurers are using AxiomSL’s Solvency II solution to meet the requirements of the European Insurance and Occupational Pensions Authority (EIOPA).

AxiomSL supports all electronic submission formats. Its XBRL functionality includes the ability to maintain multiple taxonomy versions. This is proving particularly valuable to clients as reporting requirements 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.