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AxiomSL Confirms its Regulatory Reporting Solution Supports Multiple Versions of the EBA's XBRL Taxonomy Ahead of September COREP Filings

August 20, 2014 - AxiomSL, a global provider of regulatory reporting and risk management solutions, has confirmed its platform is capable of handling multiple versions of the European Banking Authority's (EBA) XBRL taxonomy for Common Reporting (COREP) and Financial Reporting (FINREP), as market participants in the UK prepare for September reporting requirements that will demand access to several iterations of the taxonomy.

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Citicus ONE gets 'outstanding' rating in SC Magazine Risk and Policy Management review

August 18, 2014 - UK company Citicus Limited's Citicus ONE risk and compliance management software has received a 5-star 'outstanding' rating from SC Magazine in its annual group test of risk and policy management tools. Citicus ONE was given the highest rating for its features, ease of use and value for money; and an overall verdict describing it as a: "very good solution for enterprise risk and compliance management."

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FDIC Tools Available to Help Community Banks Manage Regulatory Responsibilities

July 29, 2014 - "Alternatives to Consultants: Meeting Regulatory Expectations with Internal Resources," which appears in the Summer 2014 issue of Supervisory Insights released today, highlights tools and information available from the FDIC to assist community banks in managing their regulatory responsibilities. The article describes how making use of available technical assistance and maintaining a dialogue with FDIC staff to clarify regulatory expectations may help institutions economize on the use of outside consulting services. The article also describes ways that institutions may be able to conduct required independent reviews of key bank functions using internal resources.

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SocGen Private Banking selects Wolters Kluwer risk-management and reporting tech

July 28, 2014 - Wolters Kluwer Financial Services announced today that one of the largest European financial services groups, Société Générale Private Banking, has selected its Risk Management and Regulatory Reporting solution to help facilitate compliance with the Capital Requirements Directive IV in Belgium.

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MidCountry Financial selects MetricStream for risk management and compliance

July 25, 2014 - Leading diversified financial services provider, MidCountry Financial Corp., has selected MetricStream to enhance its risk management and strengthen regulatory compliance across the enterprise.

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Vendor risk management is rapidly emerging as a critical component of firms' operational-risk-mitigation activity

July 25, 2014 - A three part report from Aite Group, Vendor Risk Management: Strength in Warning by Denise Valentine, looks at the topic of vendor risk management among commercial banks and the institutional buy-side asset management community. Vendor risk on areas like technology is a serious operational, financial, and reputational risk to the financial institution. Firms are tapping third parties to accomplish a multitude of business goals, particularly as they focus on core competencies to achieve growth and improved profitability.

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