While the new Axiom module runs alongside the existing liquidity reporting solution driven by the new FSA Liquidity Regulatory Returns, it also works alongside other in-house and vendor FSA liquidity reporting solutions. When a firm stands out from a peer group/DLG, further analysis and spot checks triggered by the FSA MI module will increase the pressure to provide accurate auditable data to support the firm’s position with a transparent business logic stream.
The solution supports a range of stress testing approaches from stressing line items to performing spreadsheet calculations as per FSA guidance such as calculations of shortfalls, stress periods etc, to using a parameter table to define variables that will input into the test (showing stressed data alongside actuals).
Firms can gain transparency across business data and logic, and tailor and create various standard or adhoc reports based on the FSA MI module. The module can be extended and tailored according to client specific needs.
In addition to regulatory and internal reporting, Axiom now equips financial institutions with stress-testing capacity to identify and manage efficiently relevant risks across the organisation.
Edward Royan, UK delivery and operations manager at Axiom SL, said: “We are pleased to offer a comprehensive solution to the FSA liquidity stress testing requirements that will allow our current users and new firms running regulatory reports on other platforms to take advantage of the flexibility of the Axiom architecture. Axiom’s integrated platform helps firms to identify, measure, manage and monitor the liquidity risks to which they may be exposed.”
