Zurich- headquartered Julius Baer has partnered with AxiomSL, a provider of regulatory reporting and risk management solutions, for regulatory and reporting purposes.
The private bank plans to use AxiomSL’s platform to automate its group-level and Swiss entity Basel III calculations and reporting, as well as group-level and Swiss entity statistical reporting.
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It follows on from Julius Baer’s use of AxiomSL for financial reporting in Hong Kong and Singapore.
The AxiomSL platform allows for all global regulatory and reporting requirements to be calculated. Users can see how the regulator’s rule book has been applied in the case of Basel III calculations.
Urs Monstein, chief information officer at Julius Baer, said: "Group-level reporting involves significant data volumes and requires a solution with robust processing capabilities. We were impressed by AxiomSL’s high-performance platform, including the flexibility and transparency it offers users."
Julius Baer will also leverage the AxiomSL platform for its group-level and Swiss entity statistical reporting to the SNB. It is considering extending its use of AxiomSL to cover transactional reporting (EMIR and FinfraG) and cross-border tax reporting (FATCA, ‘UK FATCA’ and AEOI/CRS).
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