Wells Fargo has implemented a platform from i-flex’s Reveleus unit to support its credit capital calculation application in order to meet its Basel II requirements. Underlying the platform is a set of data structures, business rules, computations and definitions that is expected to help the U.S. bank comply with the advanced internal ratings-based approach of Basel II. The implementation follows last month’s decision by Citigroup to adopt a similar approach, using Reveleus. Lloyds TSB has also adopted the Reveleus platform to meet its Basel II commitments.
A-Team Insight Blogs
The regulatory reporting obligations of financial institutions have mushroomed in scale over the past decade, leaving firms facing a raft of different requirements to provide increasingly granular metrics on their transaction, valuation and collateral data to a number of regulatory authorities. While many of these reports draw from the same core data set, the nuanced differences...
The decommission of LIBOR is making a huge imprint on the global financial services sector. The transition from LIBOR to alternative reference rates could be the largest financial engineering project the world has ever seen. So what are financial institutions are doing to prepare for the switch to alternative reference rates, and how far along...
The highly successful RegTech Summit Virtual was held in November 2020 and explored how business and operating models are adapting post COVID and how RegTech can provide agile and enhanced compliance for managing an evolving risk and compliance landscape. The event featured daily live keynotes, panel discussions, presentations, fireside chats and Q&A sessions with content available on demand over five days.
This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...