Global Swiss Bank Goes Live with ControllerView® for Basel II, BOE and the Latest FSA Requirements

Date: August 13, 2007
Location: New York

AxiomSL, a leading provider of regulatory reporting, financial data and risk management technology announced today that its ControllerView® regulatory reporting solution is in production at the London operations of a Major global Swiss Bank.

ControllerView® now provides the Bank with full regulatory reporting coverage, including BOE and latest FSA reports, hence enhancing management controls and automation of the regulatory reporting process.

AxiomSL’s Visual Business Rules empowers users to define and maintain changes to regulatory reports logic and data sources without involving programming effort.

On the other end, AxiomSL’s Data Management platform accommodates the integration and warehousing of large sub-ledgers generated from a multitude of source systems linked to enterprise reference data, storing the complete history of aggregations, detail sub-ledgers and electronic return submissions.

Business users gain ownership and control of their regulatory reporting results while IT maintains data management control.

“I want to send out a big thank you to all the consultants at Axiom who helped on the implementation of the FSA returns” says the Swiss Bank’s Project Manager Steve Bardouille. “We have released into production successfully and this was due to the hard work, dedication and professionalism of the Axiom consultants.”

“We are glad to have delivered AxiomSL’s technology within budget and deadline at one of our major accounts in the UK, particularly in view of the new FSA reporting requirements.” says AxiomSL’s CEO Alex Tsigutkin. “ControllerView® serves another one of the largest institution in the UK both in terms coverage and volumes. We are also confident that the Bank’s satisfaction will encourage other branches worldwide to benefit from our technology.”