Adenza’s AxiomSL to automate AIB’s credit risk calculations and regulatory reporting


Adenza’s AxiomSL to automate AIB’s credit risk calculations and regulatory reporting

By Joy Dumasia

Adenza, the new company formed from the merger of Calypso Technology and AxiomSL to provide clients with end-to-end trading, treasury, risk management and regulatory compliance platforms, announces that it has been selected by Allied Irish Banks, plc (AIB) to support the bank’s material credit risk, securitization, leverage ratio and exposure reporting across Europe and the UK.

Adenza’s AxiomSL risk solutions, which are used by the majority of global systemically important banks (G-SIBs), provide a consistent and automated approach to capital and credit calculations, data management and reporting. ‘to analyse. The solutions allow banks to manage a wide range of global regulatory risk requirements based on a common data dictionary that harmonizes the intricacies of multi-jurisdictional reporting requirements, national discretions and country-specific discrepancies. agencies. These include international and cross-regional compliance with rules developed by the Basel Committee on Banking Supervision (BCBS), such as internal ratings-based approaches (IRB) and standardized approaches for counterparty risk (SA). -CCR).

Jim Smyth, Regulatory Reporting Manager, AIB, said, “Adenza’s centralized and highly scalable AxiomSL approach to standard and advanced credit risk calculations allows AIB to meet risk calculations and reporting requirements without having to reinvent and rebuild new technologies. whenever regulatory requirements change. We felt it was important to work with a company that could deliver powerful reporting solutions across the entire regulatory reporting suite for today and into the future. »

Adenza’s AxiomSL risk calculation solutions have enabled AIB to improve efficiency and minimize overhead while ensuring traceability of all complex calculations. Adenza’s risk calculation engine is part of the AxiomSL ControllerView data integrity, data lineage and control platform, which allows institutions to ingest results from external models, append data sources and transform disparate data points into a Basel-based data dictionary that supports advanced regulatory calculations, reporting and submission from a single source. This approach allows users to address multi-jurisdictional regulatory calculations and reporting requirements with a consistent, data-driven process that makes it easier to explain changes in risk exposure and also helps identify what caused those changes. and where they occurred.

Ed Probst, Head of Adenza Regulatory Solutions Strategy, said: “Banks must not only produce private equity reporting results, but also be able to show a clear audit trail. Our data dictionary-based approach to credit risk enables AIB and other large banks to automate risk calculations, drawing on data from across the institution, without compromising the auditability.

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