A-Team Insight Blogs

AxiomSL Reveals New FRTB Certification in Line with ISDA Benchmarking

Share article

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: Overcoming the Barriers to Implementing RegTech Solutions: The View from Either Side of the Fence

RegTech holds the promise of targeted, agile and often low-cost solutions to the real-world problems faced by financial institutions across the board. So why is it so difficult to get RegTech projects off the ground? RegTech solutions providers complain that it’s difficult to get access to decision-makers, and even when they do it’s tough to...

BLOG

Regulation Best Interest: A New Standard for US Brokers

The US Securities and Exchange Commission’s Regulation Best Interest—or Reg BI— officially came into effect on June 30, 2020. Brokerage firms now have to comply with a whole new standard of conduct when dealing with retail clients, in one of the biggest regulatory shake-ups for the US market in years… but there have been concerns...

EVENT

Data Management Summit London

Now in its 10th year, the Data Management Summit (DMS) in London 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

Corporate Actions

Corporate actions has been a popular topic of discussion over the last few months, with the DTCC’s plans for XBRL and ISO interoperability, as well as the launch of Swift’s new self-testing service for corporate actions messaging, STaQS, among others. However, it has not been a good start to the year for many of the...