The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

AxiomSL Reveals New FRTB Certification in Line with ISDA Benchmarking

AxiomSL, a provider of regulatory reporting and risk management solutions, has launched its new Fundamental Review of the Trading Book (FRTB-SA) and Counterparty Credit Risk (SA-CCR) certification – one of the first to provide clients with calculations in line with the International Swaps and Derivatives Association’s (ISDA) ‘golden source’ calculations.

The rigorous golden source calculations are designed to ensure the credibility of firms’ standardised calculations for FRTB, SA-CCR and CVA (Credit Valuation Adjustment), as required by regulators. The initial benchmarking program, which now includes over 40 member banks, first kicked off in 2018 and is due to run until July 2021.

The initiative is designed to help promote transparency and alignment between regulators and market participants, ensuring regulatory goals can be met more efficiently.

AxiomSL, one of the first vendors to comply with the rigorous calculations as per the ISDA benchmarks, is hoping that the program will help its clients to better manage Basel IV requirements, as well as future US regulatory mandates.

“The AxiomSL solutions will provide the instant credibility that enables our clients and financial institutions to achieve greater standardisation of data and processes, enhancing consistency and increasing efficiency in complying with new standardised calculation regulations,” confirms Edward Royan, Head of Global Products, AxiomSL.

Related content

WEBINAR

Recorded Webinar: Managing LIBOR transition

The clock is ticking on the decommissioning of LIBOR towards the end of this year, leaving financial institutions with little time to identify where LIBOR is embedded in their processes, assess alternative benchmarks and reference rates, and ensure a smooth transition. Some will be ahead of others, but the challenges are significant for all as...

BLOG

A New Frontier of Regulation? Asia Takes the Lead

Asia has been home to wave of new initiatives in the RegTech space in recent years, and jurisdictions such as Hong Kong and Singapore are pushing hard to take the lead in the space as they seek to combat financial crime and gain a competitive advantage in the field. Last week, the Hong Kong Monetary...

EVENT

Data Management Summit London

The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

Enterprise Data Management Europe 2010

he US may seem to be ahead of the rest of the world in terms of championing the data management cause with the inclusion of reference data focused items in the Dodd-Frank Act, but Europe is not too far behind. Senior European level officials such as European Central Bank (ECB) president Jean-Claude Trichet have taken...