The imminent introduction of the new LCR and ALMM will indeed increase the volume and even frequency of reporting for many Building Societies but, after closer inspection, is it all bad news or can firms use this data to their competitive advantage?
The Basel Committee at the Bank for International Settlements has just published (8th June 2015) its consultation document on a review of the regulatory treatment of interest rate risk in the banking book (IRRBB).
ALMIS International are delighted to make the commitment to the Scottish Business Pledge. The Scottish Business Pledge is a values-led partnership between the government and business. It is a shared ambition of boosting productivity, competitiveness, sustainable employment, and workforce engagement and development
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.