As regulators continue to require new measures to strengthen the resiliency of the financial system under adverse economic conditions, financial institutions face a changing environment of capital, credit and liquidity requirements to which they must continually adapt and comply. Managing an environment where regulations, risk, operations, technology and compliance are constantly changing, combined with exponential increases in structured and unstructured data, is very challenging, particularly when budgets are cut, granular and transparent data are required and continued growth remains a priority. Managing an environment where regulations, risk, operations, technologyand compliance are constantly changing, combined with exponential increases in structured and unstructured data, is very challenging. This is particularly true when budgets are cut, granular and transparent data are required and continued growth remains a priority.
PLATFORM for CHANGE
In addressing the slew of contemporary regulatory mandates—such as Basel III & IV, BCBS 239 Principles, MiFID II, Comprehensive Capital Analysis & Review (CCAR), Liquidity (LCR, NSFR, ALM, etc.) and stress testing requirements, IFRS 9/CECL, FRTB, CRS/FATCA and many more — financial institutions (FIs) need a
robust “platform for change” to provide data and process lineage, data enrichment, automated workflow capabilities which delivers the analytics, reconciliation and validation required to face these mandates.
These business functionalities in addition to providing efficiency gains and resources saved, will enable firms to draw business intelligence from their regulatory compliance data gathering and reporting activities, plugging that intelligence back into their trading, risk management and operations. Top management sees an opportunity,
but in order to realize it, they must address data governance frameworks and data lineage in a controlled environment.
To meet evolving and upcoming regulations across all jurisdiction worldwide while successfully implementing regional requirements (e.g. CRD IV in Europe, FRB in the United States, MAS in Singapore, APRA in Australia, etc.), financial firms need a powerful capital and risk computation engine combined with a robust and flexible reporting solution. AxiomSL’s platform delivers the process, calculations and controls to empower financial institutions with a cost effective platform to improve risk management and data governance as well as strengthen banks’ transparency and disclosures. This high performance architecture leverages clients’ existing data infrastructure to quickly and accurately populate the information required to meet local and global reporting requirements and validation processes within tight timelines.