Email Contact Phone Company Visit Website

New York Head Office

45 Broadway
New York

United Kingdom Office

125 London Wall

Brazil Office

Av Brigadeiro Faria Lima, 4055
São Paulo
Itaim Bibi

Greater China Office

40 Bonham Strand
Sheung Wan

Japan Office

8th Floor Shin Kokusai Building3-4-1 Marunouchi

Singapore Office

14 Robinson Road#10-01 Far East Finance BuildingSingapore 048545

Hong Kong Office

10/F, Central Building,1-3 Pedder Street, Central,Hong Kong

Germany Office

Zeil 127, 4th Floor

Netherlands Office

Gustav Mahlerplein 109-115,25th floor

Luxembourg Office

41 Avenue de la GareL-1611 Luxembourg

Canada Office

130 King Street West (Exchange Tower)

Colombia Office

Carrera 43A # 5A – 113, El PobladoOne Plaza Business Center
Torre Sur

Mexico Office

Avenida Javier Barrios Sierra 495,Park Plaza III,Wework Piso 2 Oficina 02-136
Santa Fe

Australia Office

Level 24, Three International Towers300 Barangaroo Ave.

Dubai Office

Office 56, Level 15.The Gate Building,Dubai International Financial Centre

France Office

27 Avenue de l’Opéra


+1 415-530-4000


Herve de Laforcade
[email protected]
Back to all AxiomSL announcements

Anadolubank chooses AxiomSL’s XBRL solution for regulatory reporting in the Netherlands

AxiomSL, the leading global provider of regulatory reporting and risk management solutions, announced today that Anadolubank Nederland N.V., a Dutch bank which is a subsidiary of Anadolubank Turkey, has decided to use AxiomSL’s XBRL solution to submit a wide range of regulatory reports to De Nederlandsche Bank (DNB). The project follows the DNB’s decision to align with other European central banks by mandating the use of XBRL for European Banking Authority (EBA) regulatory submissions.

Anadolubank Nederland N.V. will leverage AxiomSL’s solution to convert its regulatory reports from Excel and other formats into the XBRL taxonomies specified by the EBA. The solution will be used for the Common Reporting (COREP), Financial Reporting (FINREP), Asset Encumbrance, Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR) and Leverage Ratio components of the Capital Requirements Directive IV (CRD IV).

Anadolubank Nederland N.V. was impressed by the robust data validation functionality offered by AxiomSL, which includes support for cross-report validations. The solution gives users the ability to make top-side adjustments to their reports if data issues are detected. Data governance was also an important consideration for the bank. The control functionality developed by AxiomSL allows multiple users to work on a single project and sign off on their work. All changes are recorded and complete data lineage information is made available.

AxiomSL provides the latest iterations of the XBRL taxonomies mandated by the EBA while continuing to give firms access to earlier versions. AxiomSL releases the new taxonomies within a month of their publication by the EBA. This unrivalled delivery time is possible because AxiomSL separates regulatory update releases from software releases.

Adoption of XBRL by regulatory authorities has increased significantly in recent years. When the EBA announced its intention to mandate the use of XBRL as part of CRD IV, AxiomSL took a strategic decision to fully embed XBRL functionality within the core platform on which its regulatory solutions are built. AxiomSL now offers a variety of XBRL options for financial firms of all types and size. This ranges from its XBRL conversion solution to more comprehensive offerings, which cover the entire regulatory calculation and reporting process.

“AxiomSL’s XBRL solution meets our needs exactly,” said Nuriye Plotkin, Managing Director, Anadolubank Nederland N.V. “The control and data validation functionality offered by AxiomSL gives us complete confidence in the accuracy of the data we will submit to the regulator. As the EBA continues to release new versions of its XBRL taxonomy, AxiomSL’s quick time to market was also compelling. We are looking forward to working with the leading XBRL specialists on our regulatory reporting.”

“XBRL has been a strategic focus for AxiomSL for several years now. We are proud to be the leaders in this space and to be supporting an increasing number of banks, including Anadolubank Nederland N.V.,” said Ed Royan, Chief Operating Officer, EMEA, AxiomSL. “XBRL is quickly becoming the standard for regulatory submissions following the implementation of COREP. In the Netherlands, we have seen an increase in interest in this area since the DNB announced it would require submissions in XBRL. We look forward to working with more firms on XBRL projects as regulators in other countries follow suit.”