AxiomSL Announces the Launch of Automated NSFR Reporting Solution

​AxiomSL, a global leader in risk analytics, data-management, and regulatory-reporting solutions, announced the launch of a new solution to address Net Stable Funding Ratio (NSFR) reporting requirements.

In an official announcement, the company mentioned that the AxiomSL NSFR solution will automatically gather necessary data and perform this calculation, streamlining workflows while facilitating the measure of compliance with the new rule.

The NSFR rules, which were finalized in October of 2020 and going into effect in July of 2021, require that:

-the largest, global systemically important banks (G-SIBs), or Tier I institutions and Tier II banks, must cover 100% their Required Stable Funding over the course of one year with Available Stable Funding – such as consumer deposits, regulatory capital or long-term debt.

-smaller banks, falling into the Tier III-IV categories, will need maintain either 85% or 70% of Available Stable Funding to cover their Required Stable Funding.

-the data required to calculate this ratio is drawn from across the banking institution, and includes a large portion of data attributes already reported in the Federal Reserve’s FR2052a report, such as unencumbered assets, liabilities, funding activities and contingent liabilities, along with data and attributes required to measure available and required stable funding.

The new solution allows AxiomSL to automate the data collection, calculation and reporting process required to streamline NSFR compliance and populate and validate the reports required for all aspects of NSFR.

The deadline for NSFR will be July 1, 2021, however, banks must prepare to implement the rule’s complex new data collection, categorization, capital calculation and reporting requirements now.