AxiomSL, a regulatory reporting and risk management solutions provider, has confirmed that its regulatory reporting platform includes all of the functionality financial firms will need to comply with ECB’s Analytical Credit Dataset (AnaCredit) requirements.
AxiomSL claims that its platform will automate compliance with regulatory reporting requirements like AnaCredit aiding financial institutions to aggregates data from multiple systems.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
AnaCredit, a plan by the European Central Bank (ECB) to create a central register of granular data about the credit granted by financial institutions in the eurozone, requires financial firms to report over 100 data attributes, spread across multiple systems.
The platform will also include the ability to segment control reports based on user-defined criteria, such as geography, product type and entity facilitating the firms to ensure their AnaCredit reports are quickly signed off by the relevant internal teams.
The service will allow users to drill down from the values in their reports to the source data and make manual adjustments while reviewing their control reports.
The regulatory reporting platform will also support reconciliations between AnaCredit and other regulatory reports to ensure consistency between submissions made to different authorities.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
