About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

AxiomSL to Assist Bank of China with French AnaCredit Reporting Needs

Subscribe to our newsletter

Bank of China, which first started using AxiomSL’s regulatory capabilities back in 2015 to meet liquidity reporting requirements in Singapore, has extended its use of the platform to implement AnaCredit reporting requirements in France.

AnaCredit is a project set up by the European Central Bank (ECB) to collect detailed information on individual bank loans in the EU, with data collection scheduled to begin in September 2018.

Bank of China will use AxiomSL to automate the AnaCredit reporting process and ensure the timely and efficient submission of data. The scalable solution allows users to process, monitor and adjust the large quantities of data required by the new regulation: leveraging the bank’s existing data structure to aggregate the requisite data, map it onto the ECB data structure, populate the mandatory report templates and apply the regulatory validation rules.

“We chose to extend our usage of AxiomSL’s platform because it proved to lower the overall cost and complexity of regulatory reporting for our firm,” said Jérôme Dion, Head of Risk and Financial Management, Bank of China Paris. “We have received positive feedback with the outcome of utilising the platform for regulatory reporting in Singapore, so the decision to use it for AnaCredit compliance in France came naturally. The platform’s ability to facilitate multi-jurisdictional reporting on a global level will also allow us to tackle any additional regulatory reporting requirements confidently.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

Swap Data Was Supposed to Deliver Transparency. A Decade Later, Regulators Are Still Trying to Use It

For more than a decade, regulators have collected vast quantities of derivatives transaction data through swap data repositories (SDRs) mandated by post-crisis financial reforms. Yet despite the scale of these datasets, transforming reported trade data into meaningful supervisory insight has often proved more difficult than policymakers anticipated. A new Memorandum of Understanding (MOU) between the...

EVENT

TEST Event page 2

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...