Company Insights

Are the complexities of the new Investment Firms Regulation (IFR) to investment firms as kryptonite is to superman?

28th October 2020

Even though investment firms have very different primary business models and risk profiles as opposed to lending institutions, to date, for regulatory purposes many have been considered credit institutions and accordingly report under the Basel-driven capital requirements regulation (CRR). The CRR approach is too broad to effectively account for...
Navigating turbulent waters: Are we prepared for the Basel journey?

3rd December 2019

The expansion of Basel requirements involves more than a simple finalisation of Basel III reforms. The updated requirements and new calculation rules are so comprehensive that they have been informally dubbed Basel IV and there is no industry consensus on what a future Basel regulatory scenario may look like. This is partly because evolving...
Video: Banks must sequence investments to deal with reg loads

27th October 2019

The sheer volume of regulatory hurdles is putting banks under significant pressure this year, according to Harry Chopra, chief client officer, AxiomSL. “Sequencing all your investments and making sure all the regulatory demands are fulfilled is a major challenge for banks,” Chopra said, in a BankTech video series. Chopra was...
Video: Asset managers turn to data for multijurisdictional disclosure requirements

10th July 2019

Asset managers working across a variety of regimes are faced with an uphill struggle with the volume of data required to comply with shareholder disclosure rules, a panel told bobsguide recently. “Regulators are expecting a lot more detail generally. The Transparency Directive in the EU drove a push for greater transparency...
Video: Asset managers struggling to interpret regulations

8th July 2019

As new rules are applied to asset managers, data sourcing and management are growing challenges for firms, according to a video panel conducted by bobsguide.   “It’s the confluence of the rules coming into play,” said Gaurav Chandra, global product manager - shareholding disclosures at AxiomSL. “They need a...
AnaCredit: Challenge or opportunity?

8th March 2018

With six months to go until the submission deadline for complete datasets, AnaCredit requirements continue to pose substantial challenges to the banking industry. With AnaCredit reporting, the data quality and data management have become key focus areas. Sourcing data from multiple and disparate data sources and certifying its completeness remains...
Five benefits of implementing FDIC Part 370: Do you know where your deposits are?

18th January 2018

Dan Shmueli - Senior Vice President, AxiomSL One could look at FDIC 370 as the next regulatory hurdle faced by deposit taking institutions, OR an opportunity to be positioned for growth in a rising rate and increasing liability environment.  AxiomSL’s experience in implementing FDIC 370 has revealed the following benefits for its...
Leveraging data lineage to streamline and optimise business process

11th October 2017

Complying with the multitude and ever changing regulations is a complex, time-consuming and costly activity especially when the regulatory bar keeps rising to meet global standards like BCBS 239 or regional standards like US Federal Reserve CFO Attestation. These industry initiatives have pushed data governance to the fore. In the past, data...
From creative destruction to disruptive technology: Finding opportunities now that change is the norm

15th February 2017

Alex Tsigutkin, CEO AxiomSL Some of you might remember Harvard professor and economist Joseph Schumpeter, who believed that Creative Destruction was what a firm faced when the choices that once drove its success become those that destroy its future. Many more theories followed, including the Innovator’s Dilemma, Disruptive Innovation and...
IFRS 9: Implementing a robust infrastructure for the new accounting regime

25th April 2016

International Financial Reporting Standard 9 (IFRS 9) is a true game-changer for accounting. Having historically been required to analyse the past performance of financial instruments in their accounts, firms will now need to take a forward-looking approach to accounting. This change has wide-ranging operational and technical implications. With...