LONDON, 26/02/2018: AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announces that a large Sovereign Wealth Fund (SWF) has recently chosen AxiomSL’s strategic platform for Global Shareholding Disclosure compliance.
Regulators on a global level require market participants to make disclosures when they accumulate a substantial shareholding in an entity, invest in a protected industry, become involved in a takeover bid or engage in short selling.
AxiomSL’s ability to support multi-jurisdictional requirements was the main motive behind the firm’s decision to deploy their Shareholding Disclosures solution. While AxiomSL’s strategic regulatory platform enables firms to build and sustain a robust compliance infrastructure with transparency, the end to end automated process greatly reduces the cost and complexity of Shareholding Disclosure compliance involved in managing disclosure related activities.
AxiomSL’s solution provides the rule sets calculations, templates and reporting functionality needed to remain fully compliant with Shareholding Disclosure requirements and related transparency directives around the globe. The analysis performed by AxiomSL includes calculating a firm’s total shareholdings in individual entities and comparing these amounts with the issued share capital to see whether the firm has accumulated a substantial shareholding and is therefore obliged to report the fact. Leaving firms free of the burdensome task of tracking rule changes globally and the subsequent maintenance challenges those amendments create, AxiomSL provides all the rule updates and template changes in a timely fashion and enables firms to manage this complex process with ease.
Gaurav Chandra, AxiomSL Product Manager commented: “We are delighted to be supporting the funds in the Gulf Cooperation Council (GCC) and around the world to meet their Shareholding Disclosure obligations. Market participants must continually monitor changes in their shareholdings whilst already being inundated with ever-increasing regulatory requirements. High complexity of rules alongside different disclosure demands per jurisdiction pose significant challenges to firms to remain compliant. AxiomSL’s multi-jurisdictional reporting capability, end to end automated platform and flexible technology supports firms in addressing these intricate challenges. We look forward to strengthening our relationships with SWFs across the globe to ensure timely and efficient compliance locally and globally.”
AxiomSL is the global leader in regulatory reporting and risk management solutions for the financial industry, including banks, broker dealers, asset managers and insurance companies. Its unique enterprise data management (EDM) platform delivers data lineage, risk aggregation, analytics, workflow automation, validation and audit functionality.
AxiomSL’s platform supports compliance with a wide range of global and local regulations, including Basel III capital and liquidity requirements, the Dodd-Frank Act, AnaCredit, FATCA, AEI (CRS), EMIR, COREP/FINREP, CCAR, FDSF, BCBS 239, Solvency II, AIFMD, IFRS 9, MAS, ASIC, REMIT, MiFID II, SFTR, central bank disclosures, and both market and credit risk management requirements. The enterprise-wide approach offered by AxiomSL enables clients to leverage their existing data and risk management infrastructure, and reduces implementation costs, time to market and complexity.
AxiomSL employs over 600 staff globally that are dedicated to servicing clients across many of the world’s major financial centres, including New York, São Paulo, London, Paris, Brussels, Luxembourg, Frankfurt, Amsterdam, Madrid, Singapore, Beijing, Hong Kong and Tokyo.
AxiomSL was awarded The Asian Banker’s 2016 “Best Compliance Risk Technology Implementation of the Year” as well as “Best Implementation at a Sell-side Firm” in the 2016 Sell-side Technology Awards. It was voted Best Reporting System Provider in the 2015 Waters Rankings and was highlighted as a ‘category leader’ by Chartis Research in its 2015 Sell-side Risk Management Technology report. The company’s work has also been recognized through a number of other accolades, including success in the Best Reporting Initiative category of the American Financial Technology Awards and in the Customer Satisfaction section of the Chartis RiskTech100 rankings. www.axiomsl.com.
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