Banking institutions across Europe are having to deal with increasingly complex reporting requirements. This is a significant challenge (and cost) for finance departments in Building Societies. At ALMIS International, we are pleased to provide these additional reporting capabilities seamlessly, on time and without additional cost.
When we decided to develop a new website for ALMIS International, the top priority was to optimise our two-way communication with clients. We wanted to make it as easy and as effective as possible for you to monitor support issues, product updates, issue fixes and to give us real-time feedback on the product enhancements that are key to your ALM and Regulatory Reporting processes.
The new regulations that came into force last year and continue into 2015 are a significant challenge particularly for Banks and Building Society finance departments.
ALMIS gives financial institutions the ability to manage, monitor and report their financial risk profiles, providing their Executives and Boards with accurate information on current and forward looking positions to help them proactively monitor and plan. The same system provides a single version of the facts and for regulatory reporting.
BASEL III, CRD IV, COREP, FINREP, BoE reports – the list is seemingly endless and, regardless of size or resource, all UK Building Societies have to comply with the specific demands of submission dates, report formats, data validations and auditability.
ALMIS International were the Headline Sponsor for the BBA’s Annual Liquidity Conference held in London at the end of April and presented on the key topic of “Implications of BASEL III and COREP on a Bank’s organisational structure and IT strategy”.
ALMIS International are ready for COREP reporting but banking firms can breathe a sigh of relief as the new Regulation deadlines are delayed.
The ALM Academy, developed and presented by ALMIS International, successfully launched its first seminar on Thursday 27th March 2014. This series of high-level seminars has been specifically developed for directors, senior banking executives and members.
Paragon Bank (part of the FTSE 250 Paragon Group of Companies PLC), was recently granted a banking licence by the Prudential Regulation Authority.
We have been working on a significant number of material changes to both COREP and FINREP, including changes and additions to the LCR and NSFR returns.