AxiomSL Launches Solution for Banking Counterparty Credit Risk Exposure

New solution for standardized approach for measuring counterparty credit risk exposures (SA-CCR) to ease pressure from Basel regulatory reforms.

nicola-hortin-axiomsl
Nicola Hortin, head of EMEA regulatory analysis for AxiomSL.

Built on the core AxiomSL platform, the solution aims to allow banks to calculate standardized approach for measuring counterparty credit risk exposures (SA-CCR), providing the ability to run impact analysis assessments so that banks can review how SA-CCR will affect capital requirements and plan accordingly.

The SA-CCR requirements will cover over-the-counter (OTC) derivatives, exchange-traded derivatives (ETDs) and long settlement transactions, replacing the incumbent current exposure method (CEM) and standardized method (SM).

"SA-CCR is one of a number of significant changes to the Basel capital adequacy requirements that will come into force over the coming years - the others include the FRTB and IRRBB," said Nicola Hortin, head of regulatory analysis team in Europe, Middle East and Asia at AxiomSL, in a statement. "Instead of focusing on each of these requirements in isolation, banks need to think strategically about the entire package of changes now. By building our SA-CCR and other capital calculation solutions on the same platform, we are giving banks an opportunity to tackle the requirements strategically rather than relying on a patchwork of point solutions.

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