AxiomSL, the leading provider of regulatory reporting and risk management solutions, announces today that it has widened its United Kingdom liquidity risk calculation and reporting suite with the launch of its PRA110 solution.
The solution provides treasury teams a powerful tool that automates the calculation of maturity mismatch and ensures that the final PRA110 template that is reported to the Prudential Regulatory Authority (PRA) is reconciled, timely and accurate.
The PRA110, a new liquidity calculation and template, will come into effect from July 2019 to replace current FSA047 and FSA048 process. It will apply to all UK banks, building societies and PRA designated investment firms. A firm’s profile will determine the calculation and reporting frequency which may be daily,…
