AxiomSL to Provide a Major Swiss Bank with it’s FSA Basel II Capital and BOE Regulatory Reporting Solutions

Date: November 1, 2006
Location: New York

AxiomSL, the global provider of Regulatory Reporting and Risk Management solutions has announced today that a major Swiss bank has selected its regulatory reporting and data management products, ControllerView® and Integration Center™.

The Bank selected AxiomSL to support its compliance with the proposed FSA Basel II Directive requirements and regulatory reporting for the FSA and the Bank of England. AxiomSL will provide the complete reporting infrastructure and process management from data input to validation and final report delivery to the authorities.

After a careful selection process and extensive proof of concept with several competing solutions AxiomSL was chosen based on its high score across required functionality, flexibility, performance and industry references.

“We are very proud to add this bank to our growing client list of blue chip financial institutions says Patrice Melloul, Managing Director AxiomSL Europe. “Our solutions will serve as important milestones in the bank’s global Basel II initiative. AxiomSL’s Basel II reporting and regulatory products will ensure full coverage for all UK reports. At the same time they will integrate seamlessly with the present enterprise’s systems and provide necessary Pillar 2 & 3 requirements of the accord. We will continue to work hard to build the new client’s confidence in our company, our people and our solutions.”