G-SIB Expands Nasdaq AxiomSL Solutions Set for Capital and Liquidity Calculations, and Financial and Statistical Reporting
Leading German multinational corporate and investment bank selects Nasdaq AxiomSL® CRR2/3 RWA, Capital, Liquidity, FinStat, and Basel solutions for the UK and the Netherlands
Compelling Event and Decision Drivers
For years, financial institutions have had their hands full monitoring, interpreting, and incorporating new and ever-changing regulatory rules. The recent increased regulatory scrutiny on, and complexity and granularity of their capital and liquidity calculations has accelerated banks’ efforts to eschew spreadsheets and multiple third parties for an integrated and scalable solution that protects them against the next inevitable rounds of change.
Whereas few vendors in the marketplace could begin to address this client’s scope of requirements, Nasdaq’s strategic and automated solution is already available. Its breadth of solutions for capital and liquidity calculations and financial and statistical reporting not only solves historical issues like spreadsheets, manual or siloed processes and data strategies, but also stands up to scrutiny, preparing clients for upcoming Basel IV changes and other regulations. Furthermore, Nasdaq offers this range of coverage in both the risk and financial/statistical reporting spaces in combination with the requisite jurisdictional variants. This high-performing solution also enables clients to scale performance and leverage a common, single-source data strategy, eliminating ongoing concerns about a dispersed technology stack as their businesses expand outside current jurisdictions.
Nasdaq AxiomSL Capital, Credit, Liquidity, and Regulatory Reporting Offerings
The antithesis of a black box, AxiomSL ControllerView® platform delivers transparency across fully automated processes from data ingestion to report submission, enabling clients to meet a range of complex regulatory calculations and reporting requirements in a single integrated platform, regardless of jurisdiction. This data-driven enterprise platform also seamlessly delivers the workflow automation and controls, and reporting that stakeholders require. The solutions’ differentiating characteristics include:
More Benefits
In addition the platform and solutions deliver a range of benefits including:
- Functionalities that empower users with full transparency and understanding of the regulatory requirement for self-sufficiency and efficiency.
- A common data dictionary of consolidated risk- and finance-focused data requirements that speeds go-live of both centralized and local regulations.
- Coverage for both banking and trading books (jurisdictionally), full local-regulatory reporting, and EBA.
- Potential for seamless expansion into other banking regulations and Nasdaq Calypso capital markets applications.
Not only do Basel IV requirements push ahead at differing paces across the globe — a huge challenge for multi-national banks — but local regulators also drive more granular financial and statistical reporting as the risk domain increasingly overlaps with finance.
The ability to efficiently, holistically, and strategically tackle these problems across regions and solutions, with a single common platform, is something Nasdaq is proud to deliver on for clients like this leading German bank.
- Richard Moss, Head of Risk Strategy, Regulatory Solutions, Financial Technology, Nasdaq
