AxiomSL, the global leader in regulatory reporting, data and risk management solutions, has been named as “Reporting Product of the Year” at the Asia Capital Markets Awards 2017. The awards ceremony was jointly hosted by Futures & Options World (FOW) and Global Investor Group in Singapore on Thursday, 21 September. AxiomSL was recognised for its involvement in regulatory reporting to the Monetary Authority of Singapore mandates 610 and 649 for Credit Agricole Corporate and Investment Bank (Credit Agricole CIB).
Credit Agricole CIB chose to deploy AxiomSL’s solutions for its single, data-agnostic platform that integrates raw data pulled from multiple sources. This further enabled the bank’s’ Finance team to focus beyond regulatory compliance reporting to comprehensive financial analysis thereby enhancing overall business operations. The deployment covered all key functions of the liquidity risk management cycle; from data management to cash-flow generation, asset classifications, liquidity calculations, integrated management and regulatory reporting.
As part of the selection criteria, AxiomSL was acknowledged for its solutions to better tackle cross-jurisdictional reporting requirements. AxiomSL works with major French banks in Asia, as well as other global banks such as Credit Suisse, Julius Baer and Bank of China. AxiomSL is also in talks with major Australian banks in developing a strategic regulatory reporting framework ahead of implementation timelines provided by the Australian Prudential Regulation Authority (APRA).
In response to the expanding client base, AxiomSL has been steadily growing the team in APAC. The firm recently announced three senior leadership appointments earlier this year: APAC CEO Peter Tierney, Country Manager for Australia Andrew Wood and Asia-Pacific (APAC) Regional Sales Director, David Wormald. The team based in Australia has also quadrupled in size and is continuing to grow to effectively support the local client base.
Peter Tierney, APAC CEO AxiomSL said “We are honored to be recognised for our contribution to helping banks comply amidst a time of impeding regulations and uncertainty. It is heartening to see the support and encouragement which we are continuing to receive from our clients. It is an exciting phase of growth that we are in, and it is extremely promising to see the team progress at such pace.”
AxiomSL established its Asia Pacific headquarters in Singapore in 2010, with offices in Hong Kong and Sydney. Its platform has since been used by financial institutions in the region to comply with key regulatory changes such as FATCA, CRS, IFRS 9, regional liquidity coverage ratio, shareholding disclosure and central bank reporting.