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.
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.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Finra clears hurdle with CAT launch, but several others remain
Two major components of the consolidated audit trail are now in place. But wrangling over the CAT’s future continues.
Bloomberg, industry bodies push back on Cboe’s proposed OEMS rule change
Some industry bodies disagree with the options exchange’s proposal to carve its Silexx OEMS out of the SEC’s definition of an exchange facility and place it into a separate business line.
GenAI: US Fed reveals its five use cases
Internal sandbox used to assess viability and risks; coding and content generation on the agenda.
Zeros and ones: Industry contemplates T+0 as the next step
With the North American transition to T+1 settlement complete, same-day settlement could be the next goalpost set, though skeptics are many.
The IMD Wrap: Déjà vu as exchange data industry weighs its options
Max highlights some of WatersTechnology’s recent reporting on data costs and capacity issues facing the options industry, and asks, haven’t we seen this before somewhere?
FRTB data quality issues persist amid shifting implementation dates
Banks are finding market and reference data challenges posed by the FRTB’s standardized model tricky, compounded by uncertainty over when the regulation will take effect.
Cboe pushes rule change to make way for proprietary Opra alternatives
As US options data has grown in volume and cost, Cboe says changing the public feed's governing document would make way for more competition from private alternatives, including its Cboe One Options Feed, launched in 2023.
Regulators urged to promote cyber security investment
Public interest in stopping cyber attacks that could trigger bank runs, says Bundesbank researcher