Inside View, Inside View - AMERICAS, Inside View - APAC, Inside View - EMEA

How Do You Spell Relief? “E-G-R-R-C-P-A”

On October 31, 2018, driven by “EGRRCPA” (Economic Growth, Regulatory Relief and Consumer Protection Act) the U.S. FRB ― along with the OCC and FDIC ― issued a joint notice of proposed rulemaking (NPR) “to establish a revised framework for applying prudential standards to large U.S. bank holding companies (BHCs) based on risk.” The proposed […]

Inside View, Inside View - AMERICAS

Addressing Regulatory Cliffhangers In Brazil With Innovative Technology

The Resolution 4557 Illustration By: Marlene Dos Santos, Regulatory and Risk Subject Matter Expert, Brazil Brazil’s regulatory eco-system is complex and demanding for all financial market participants. As mandated by the National Monetary Council (CMN), supervised banks and other entities must regularly provide extensive risk and liquidity information to the Central Bank of Brazil (BACEN) […]

Inside View, Inside View - AMERICAS

Addressing Regulatory Compliance Challenges in Mexico With Technology Innovation

The ICAP Illustration By: Daniela Valdez, Regulatory Subject Matter Expert México, AxiomSL LATAM Financial institutions (FIs) striving to comply with regulatory requirements today are faced with the three ‘V’s of data challenges: velocity, volume and veracity. Regulators require information at ever-increasing frequencies. At the same time the size, quantity and diversity of structured and unstructured […]

Inside View, Inside View - EMEA

Complete Your CECL Preparation in Weeks Not Months

Financial institutions (FIs) recognize the depth and breadth of the CECL challenge. Not only is moving from a passive annual credit-review regime to active credit reporting a cultural sea-change for most FIs, but implementing a repeatable, reliable CECL compliance program is a massive undertaking. Achieving the data transparency, validation, model implementation/integration, accounting entries and disclosures […]

Inside View, Inside View - EMEA

Clear Visibility into the Cloud:
Q&A with Don Brook, AxiomSL’s Global Cloud Strategic Advisor

We caught up with Don Brook, AxiomSL’s new Global Cloud Strategic Advisor, to learn more about his background, why he joined AxiomSL, and the key trends and issues he’s keeping an eye on in the industry. This interview has been edited and condensed for length and clarity. AxiomSL: Tell us a little bit about you […]

Inside View, Inside View - EMEA

It’s Raining Scrutiny
The High Price of Bad Data in Broker/Dealer Regulatory Submissions

Bruce Runciman, AxiomSL Executive Director – SME Regulatory Reporting A Missing Datapoint A security slips into your position data staging missing a critical piece of information. A bad or missing price, the wrong or missing credit rating, a missing security identifier or security type, bad or missing referential information, these are examples of determinable errors […]

Inside View, Inside View - APAC

“There Must Be a Better Way!”
Struggles with the Common Reporting Standard (CRS)

By Abraham Teo, Head of Product Management APAC, AxiomSL APAC Inundated by a barrage of schemas; technologists, analysts and compliance specialists around the globe tasked with tackling CRS must have thought to themselves at least once: “There must be a better way!” Since the introduction of the Common Reporting Standard’s, it has become increasingly clear […]

Inside View, Inside View - AMERICAS, Inside View - APAC, Inside View - EMEA

Unclouding the Risks of Cloud Implementations for Regulatory and Risk Reporting

09/24/2018 – Unlikely as it may seem, financial institutions (FIs) are now uttering “cloud” and “regulatory reporting” in the same breath. Driven by today’s rapid velocity of regulatory change and ever-increasing data volumes, FIs are understandably tempted to marry these two concepts as they seek scale and automation benefits. In fact, regulators and FIs alike […]

Inside View, Inside View - AMERICAS, Inside View - APAC, Inside View - EMEA

The Risky Risk of Counterparties: Looking Ahead at Single Counterparty Credit Limit (SCCL) Requirements

09/10/2018 – By now, all of us are aware that the upcoming Single Counterparty Credit Limit (SCCL) rule will impact large domestic and foreign financial institutions. The final rule applies to all U.S. global systemically important banks (GSIBs), U.S. bank holding companies (BHCs) and foreign banking organizations (FBOs) with total consolidated assets of $250 billion […]