The pace of change and development at ALMIS International has moved up a gear this year, with two major developments and several other initiatives running simultaneously. In particular two key developments are scheduled to reach launch in Q3/Q4:-
Our new regulatory reporting system, Front Office +: Regulatory Reporting
Our dedicated bank ALM data warehouse, Middle Office +
ALMIS International is delighted to announce the release of its enhanced ALMIS Hosted platform, offered in partnership with Microsoft Azure.
Roll out to clients begins w/c 19th August 2019 and is expected to complete in Q4 2019.
ALMIS International is delighted to announce the appointment of Colin Johnson to its board as Non-Executive Director.
Colin is the Head of Prudential Risk for Charter Court Financial Services, a fast-growing challenger bank, with Risk responsibility across Liquidity, Interest Rate and Capital.
In 2017 we will be introducing our Treasury Management System, currently being developed in collaboration with clients, to ensure we are offering as comprehensive a solution as possible working off a single source of data.
For the first time this year many financial institutions will have included derivatives at their fair value on balance sheets and, in many cases, this will have been a major headache.
Basel Committee on Banking Supervision have published its latest paper on Interest Rate Risk (IRRBB). This paper details Interest Rate Risk principals updated since the consultation paper was published last year.
Banks and Building Societies well understand the need to be fully informed of any proposed changes to key regulatory frameworks such as CRD IV. Liquidity has become a primary driver under the new regulations and LCR reporting and stress testing will have significant impact, especially on smaller, more simplified firms.
The PRA has finalised the date of changes to liquidity reporting rules. On 22 April 2016, FSA 050-053 will be switched off and the EU requirements to report additional liquidity monitoring metrics introduced.
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?
There have been some recent press releases issued by the EBA regarding updates to the Data Point Model and the XBRL Taxonomies according to the Implementing Technical Standards (ITS) on Supervisory Reporting.