Author: Julie Duncan

“Developments in Bank Liquidity and Capital Management” Seminar

Posted on by Julie Duncan

 

Thank you to everyone who attended the ALMIS® International “Developments in Bank Liquidity and Capital Management Regulations and Practices” Seminar which was held on Wednesday 10th April 2013 in Central London.

Delegates particularly welcomed the chance to hear directly from the newly formed PRA on the impending regulatory developments.

“Engagement with regulators very useful”

With over 40 banking institutions from small to medium sized banks, we feel we were able to address the topics that were particularly relevant.

During the afternoon session ALMIS® clients were given practical advice on the latest liquidity and capital ratios and also reporting under the funding for lending scheme.

“Regulatory content was especially useful. Well attended, good to hear what others are doing”

“Informative, relevant and the opportunity to discuss topics with peers”

 

Please contact Georgina Macleod for further information.

 

ABOUT ALMIS® INTERNATIONAL

Established in 1992, ALMIS® International are Asset Liability Management specialists. Our mission is to develop, deliver and support world class asset liability management solutions addressing the regulatory and reporting demands of modern competitive and independent banking institutions.

Using ALMIS® it is possible to perform Regulatory Reporting using the same platform as is used for the generation of ALCO packs and for forward looking analysis. The ALMIS® Regulatory Reporting platform includes FSA (Gabriel), BoE (OSCA), and CRD IV (COREP/FINREP). ALMIS® saves banking institutions time and resource taking the burden out of regulatory compliance and management reporting.

“ALCO Reporting Using ALMIS: Margin and Basis Risk” Webinar

Posted on by Julie Duncan

 

Thank you to everyone who attended the “ALCO Reporting Using ALMIS: Margin and Basis Risk” Webinar on Thursday 21st March 2013. The webinar was presented by Joe Di Rollo (Managing Director) and Georgina Macleod (Business Development Executive).

 

This webinar acted as part 2 of 3 in the “ALCO Reporting Using ALMIS” Webinar Series. The purpose of this series of webinars is to advise our clients on what should be included in an ALCO pack, to share ideas on templates and to show how these reports and graphs can be delivered by using the ALMIS® System. This webinar covered the topic of Margin and Basis Risk.

 

“Detailed and useful content & explanations”

 

“Useful to know what type of information ALCO’s should be looking at”

 

The slides as well as the Basis Risk templates for the ALCO pack used within the webinar can be downloaded from the secure client area of the ALMIS® International website. This webinar was recorded and the link can also be found within the client area.

Further delays to CRD IV (COREP)

Posted on by Julie Duncan

Rumours have been circulating in recent months about further delays to COREP; the FSA have today issued a revised statement on the expected CRD IV and CRR implementation, claiming it is continuing work on implementing the directive and expects firms to do the same.

In response to further deferrals in the negotiation timetable, the FSA have put back implementation of COREP a further six months claiming it will start collecting data for the period beginning 1 January 2014, should the legislation and related standards be in force by that date.

The FSA set out their intended approach to capital transition in a statement in October 2012. Once finalised legislative text is available at the EU level the FSA intends to publicly consult on changes to FSA rules.

ALMIS® International will work with clients to meet the new rules and are holding a seminar with the FSA (soon to be PRA) in London on 10th April 2013 to discuss the practical implications – already over 20 banking firms have signed up to attend this event. This will discuss developments in bank liquidity and capital regulations & practices; it will provide an overview of the latest developments in bank regulations and practices with a particular emphasis on CRD IV and the impact of BASEL III.

For more information on the ALMIS® International Seminar “Developments in Bank Liquidity and Capital Regulations” click here.

Source: FSA

Regulatory Reporting Module Developments

Posted on by Julie Duncan

 

As part of the on-going development of the Regulatory Reporting module ALMIS® International is currently working with the Bank of England to develop a submission tool for the new OSCA application.This new submission platform will replace the current BEERs platform and will incorporate XML technology to aid the BoE in its analysis. This new platform is scheduled to go live in March 2013 and there will be a transitional period where both methods of submission will be accepted.

Other developments for this module include the capabilities for producing the full suite of FSA reports.The ALMIS® Regulatory Reporting module will include all FSA, COREP, FINREP and BoE (OSCA) reports. The capability will be provided to clients using the future proof extensible data point model within ALMIS.

These new developments show our commitment to providing world class asset liability management solutions which address the regulatory and reporting demands in today’s environment.

ALMIS® is highly regarded in the small and medium sized banking sector as a fully comprehensive Asset Liability Management system with the capabilties for Funds Transfer Pricing, Forecasting, Hedge Accounting and the capabilties to produce all Regulatory Reports from a single integrated multi-user platform.

For more information, contact ALMIS® International.

European Commission admits delay to CRD IV Reporting Regime

Posted on by Julie Duncan

During a 4 day conference in Frankfurt which is currently underway the European Commission finally announced that the adoption of the CRD IV package will be subject to delay. This is no news to those who have been following the status of the implementation of the new regulatory regime but the regulatory bodies appear now to have aligned on the subject of when Common Reporting will be expected to be implemented.

 

The FSA announced on the 1st August 2012 that they would be making the necessary preparations to begin collecting data under Common Reporting for the period beginning 1st July 2013, subject to the legislation and related standards being finalised by this date.

 

Although this may be the case at the moment, the European banking industry are recommending a 12 month delay from the original implementation date of 1st January 2013.

A revised timetable is not yet available but firms should prepare to work towards ensuring they have the capabilities for COREP in place by 1st July 2013 as per the current estimated date provided by the EBA and FSA.

 

Further information released during this conference includes details on additional technical aspects of CRD IV Reporting.

ALMIS® will provide further updates as and when any further information is made available.

 

ALCO Reporting: ALMIS® can help

Posted on by Julie Duncan

The quality of information given to ALCO can have a direct influence on the performance of a building society. ALMIS® International specialise in helping clients develop automatic forward-looking ALCO reports.

ALMIS® International provides a comprehensive asset liability management solution developed specifically for building societies. ALMIS® deals with Interest Margin, Liquidity, Interest Rate Risk and Solvency to deliver a comprehensive solution to control financial risk. ALMIS® will not only look at your balance sheet position today but also forecast future positions.

Additionally the Regulatory Reporting module within ALMIS® was originally developed to mitigate the burden of compliance for firms under the FSA’s regulatory regime. To date, it has enabled a significant proportion of its client base to generate, review and submit their FSA returns from a single Asset Liability Management system. ALMIS® has recently extended the capability of this module in light of the impending CRD IV legislation to once again ensure organisations are best placed to meet the extensive supervisory demands placed upon them. In addition to the extensive reporting capabilities ALMIS® provides users, there is the ability to directly compare current, past and forecasted regulatory returns which can be used for ALCO reporting purposes.

ALMIS® International have been helping building societies manage financial risk since 1992, during this time ALMIS® have developed long standing relationships with clients and with 65% of UK building societies using ALMIS® we have a strong reputation within this sector. The company has expanded recently to offer clients more dedicated support and consultancy services.

 

 

ALMIS® sign their first 10 firms to COREP module

Posted on by Julie Duncan

ALMIS® International are delighted to report that at this early stage ten firms have now committed to using ALMIS® for COREP. The new COREP regulations have been a real concern for banks and building societies because for many it will be the first time they have to produce reports in XBRL format. Further confusion is caused due to delays in finalising both the regulations themselves and the detailed taxonomy.

As one of our clients described:

“ALMIS® International was on the ball understanding the regulations, even predicting the latest delay and with their particularly large client base and highly cost effective solution they were the obvious choice for COREP”.

Many clients value the seamless integration with existing capital, liquidity and interest rate risk reporting and forecasting, whilst new ALMIS® clients like the simplicity of being able to use the easy to set up ‘input only’ version.

For more information on the ALMIS® solution for CRD IV (COREP/FINREP) reporting, click here. If you would like to arrange a demonstration, click here.

ALMIS® Regulatory Reporting Module: CRD IV Reporting Capability

Posted on by Julie Duncan

In response to the changes in regulatory reporting, ALMIS® International is pleased to announce the update to the current Regulatory Reporting module which includes CRD IV (COREP/FINREP) reporting.

The CRD IV consists of the Capital Requirements Directive (CRD), the Capital Requirements Regulation (CRR) and also reflects the Basel III capital proposals. The European wide regulation also includes new regulatory reporting requirements; Common Reporting (COREP) and Financial Reporting (FINREP), these reports will be required to be submitted in XBRL format.

The changes were initially due to be implemented from 1 January 2013 but have now been delayed. In accordance with the FSA statement released 1st August 2012 banks will now be expected to have the capability to submit these reports to the FSA from 1st July 2013.

This latest update to the regulatory reporting module strengthens ALMIS® International’s commitment to ensuring that the ALMIS® system is future proof and offers firms who are not currently using this module, a quick, easy and cost effective solution to this new regulation.

To view more information on the update to the ALMIS® Regulatory Reporting Module, click here.

If you require any more information on ALMIS® International or the update to the Regulatory Reporting Module, please do not hesitate in contacting us on [email protected]

Liquidity Coverage Ratio Webinar

Posted on by Julie Duncan

 

Thank you to everyone who attended our Liquidity Coverage Ratio Webinar, which was held on July 31st 2012 exclusively for ALMIS® users and recorded a high attendance level.

The webinar was presented by Joe Di Rollo, Managing Director of Almis International, Alex Wood,Client Support and Georgina Macleod, Business Development Executive. This webinar covered the topic of the Liquidity Coverage and the Net Stable Funding Ratios which are included in the COREP regulations due to come into effect on the 1st January 2013.

The purpose of the webinar was to go through the LCR and NSFR requirements and highlight any practical management issues in readiness for this regulation and the next ALMIS® releases giving CRD IV LCR and NSFR reporting. It was determined during the webinar that the majority of the attendees surveyed use ALMIS® to comply with the current liquidity regime. Over half of the webinar attendees confirmed that they have already submitted an LCR Return.

Please feel free to download the slides from the Liquidity Coverage Ratio webinar, to do so click here.

The webinar was a resounding success with our clients being extremely satisfied with the explanation of the ratios and the indicative examples which were explained:

“It covered a topic I didn’t know much about in the right level of detail”

“The demonstration using ALMIS® was useful, so we could see how to obtain the respective figures from ALMIS”

“Helpful explanation of requirements and functionality”

Points raised from this webinar were:

  • Based on the CRR / CRD IV text, as published in July 2011, LCR reporting will become mandatory from 1 January 2013 onwards

  • LCR involves short term resilience – ensuring it has sufficient high-quality liquid assets to survive a significant stress lasting one month (30 days)

  • NSFR involves the resilience over a longer time horizon by creating additional incentives for Banks to fund their activities with more stable sources of funding on an on-going basis.

If you have any enquiries regarding our COREP regulatory reporting module please do not hesitate in contacting us.

Happy Birthday Charles Dickens

Posted on by Julie Duncan

Happy Birthday Charles Dickens

He was after all the first Treasury Manager – shame the Treasurer of RBS didnt take Mr Micawber’s advice

“Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery”

Charles Dickens, David Copperfield, 1849

http://www.youtube.com/watch?v=eVxF4z-R2YM