Business
Adenza’s AxiomSL Basel IV Risk Calculation and Reporting Solution Takes Top Honors at RegTech Insight Awards APAC
Survey of Senior Tech Officers and Data Specialists Recognizes Fundamental Review of Trading Book (FRTB) Solution for Transparency and Flexibility Adenza, the
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[{"type":"text","content":"Survey of Senior Tech Officers and Data Specialists Recognizes Fundamental Review of Trading Book (FRTB) Solution for Transparency and Flexibility\n Adenza, the new company formed by the merger of Calypso Technology and AxiomSL to provide customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms, today announced that its Fundamental Review of the Trading Book (FRTB) solution was named Best FRTB Solution at the RegTech Insight Awards APAC 2022. The second annual awards program, hosted by the A-Team Group, recognizes RegTech solutions that have successfully improved firms’ ability to effectively respond to the evolving and ever more complex regulatory requirements across the global financial services industry.\n Recognized for its robust, data-driven approach to risk calculation and reporting, Adenza’s FRTB Solution was one of the first solutions to provide FRTB and Counterparty Credit Risk (CCR) calculations validated against ISDA’s industry standard golden-source calculations. Offering a unique end to end coverage from the complex risk inputs calculation to the Basel 4 regulatory metrics and reporting, it enables clients to withstand the scrutiny of Basel global and national discretionary requirements, offering a complete data-lineage and drill-down into risk sensitivities, residual risk, profit/loss attributions and several other key variables.\n Congratulations to Adenza for winning the Best FRTB Solution award in this year’s A-Team Group RegTech Insight Awards APAC 2022. These awards celebrate providers of leading RegTech solutions, services and consultancy across Asia-Pacific. The winners are selected by A-Team Group’s RegTech Insight community and demonstrate exceptional creativity in building solutions that solve regulatory challenges.\n - Angela Wilbraham, CEO of A-Team Group.\n What really sets our FRTB solution apart is its ability to aggregate large quantities of data to not only compute risk calculations for regulatory requirements, but also to deconstruct those numbers down to the individual trade level, so the business can accurately identify the sources and uses of capital across their organizations. By combining this data with other bank-wide data points required for all aspects of Basel IV compliance, we’re giving our clients a comprehensive view of their risk-weighte...