Central Bank Reporting Overview
AxiomSL provides all of the required calculations, report templates and reporting functionality for central bank disclosures around the world.
The solution gives users complete control over establishing and maintaining reporting logic to any degree of complexity. Users are provided with access to AxiomSL’s Visual Business Rules to individually define mapping logic to meet reporting and accounting requirements. The resulting reports can be produced within minutes.
Before submitting a report, the solution checks that all the values are valid and performs reconciliations with reports submitted to other authorities. Users are given the ability to conduct plausibility and variance analysis. If tolerance levels are exceeded, drilldown functionality enables users to identify the source of the issue and make the necessary adjustments.
The sophistication of AxiomSL’s audit capabilities means that, as well as being able to access the reports they have submitted to the regulators, users can drill down into the template, logic and source data they used for individual submissions. This reduces cost and increases efficiency.
AxiomSL’s ‘one platform’ model means the same system can be used for all regulatory reporting requirements globally, greatly reducing the cost and complexity of compliance.