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

Upcoming Webinar: Best practices for regulatory reporting

Date: 16 July 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Regulatory reporting is a repetitive, time consuming and expensive business. At its best it requires robust data governance, automated data collection and reporting, standardised reporting formats, a centralised reporting system and a means to monitor and review regulatory change....

BLOG

Global Screening Services Raises $47 Million, Moves into Operational Phase

Global Screening Services (GSS), a provider of transaction screening, has completed a Series A2 funding round raising over $47 million (£37 million). The investment will support the London-based company’s transition from a development to operational phase as its cloud-native platform prepares to go live with inaugural clients. Originally incubated by AlixPartners, GSS tackles the complexity...

EVENT

Buy AND Build: The Future of Capital Markets Technology, London

Buy AND Build: The Future of Capital Markets Technology London on September 19th at Marriott Hotel Canary Wharf London 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 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...