Basel III: Finalising post-crisis reforms

Wolters Kluwer introduces OneSumX for Basel at major client conference

Retrieved on: 
Thursday, October 5, 2023

OneSumX for FRR addresses the tactical and strategic needs of finance , risk management , performance, compliance and regulatory reporting teams at financial institutions.

Key Points: 
  • OneSumX for FRR addresses the tactical and strategic needs of finance , risk management , performance, compliance and regulatory reporting teams at financial institutions.
  • Notably, Wolters Kluwer technology and expertise enable compliance with Basel II, Basel III, Basel 3.1 and Basel IV implementation & reporting timelines, allowing teams to make timely, informed decisions to manage risk more effectively, and optimize revenues.
  • “OneSumX for Basel enables banks to be compliant with the complex Basel regulations with an integrated solution, utilizing our unique Regulatory Update Service.
  • Basel reporting is a vital component of this.”
    Demonstrations of the solution suite and the new capabilities will be available to attendees of the FRR Client Conference.

Regnology Announces 30th Annual RegTech Convention on 21-22 November

Retrieved on: 
Wednesday, September 27, 2023

Regnology, a leading software provider with a focus on regulatory reporting solutions, is proud to announce the 30th annual RegTech Convention, taking place 21-22 November 2023.

Key Points: 
  • Regnology, a leading software provider with a focus on regulatory reporting solutions, is proud to announce the 30th annual RegTech Convention, taking place 21-22 November 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230927858541/en/
    The RegTech Convention is set to be one of the largest ever held with over 2,000 participants from more than 105 countries expected to connect.
  • To mark the occasion of the 30th anniversary, the RegTech Convention experience will be extended through six in-person community events in Germany, Luxembourg, Switzerland, and Spain, gathering 600+ industry experts to further explore the convention topics through a local lens.
  • Participating in the RegTech Convention for the first time is Google Cloud, one of the lead partners of the event.

EQS-News: Independent Study Confirms Highly Attractive Mechanical Shaping Opportunity

Retrieved on: 
Monday, September 25, 2023

EcoGraf Limited (EcoGraf or the Company) (ASX: EGR; FSE: FMK; OTCQX: ECGFF) is pleased to provide an update following the completion of its Tanzanian Mechanical Shaping Study to produce unpurified active anode material for the lithium-ion battery market.

Key Points: 
  • EcoGraf Limited (EcoGraf or the Company) (ASX: EGR; FSE: FMK; OTCQX: ECGFF) is pleased to provide an update following the completion of its Tanzanian Mechanical Shaping Study to produce unpurified active anode material for the lithium-ion battery market.
  • TANESCO, Tanzania’s Government owned electric utility, has installed capacity of over 1,700 MW with significant baseload provided from green renewable sources.
  • Recent Independent Life Cycle Assessment (LCA) confirms a ~20% reduction in CO2 emissions during the shaping process by using Tanzania’s cost-competitive hydro-energy.
  • With the establishment of a mechanical shaping hub in Tanzania, EcoGraf can service multiple markets, taking advantage of Tanzania’s strengths as a low cost, green energy jurisdiction.

Regulatory Reporting Technology Leader, Suade, Commits $20M to Boost Presence in US and Canada Amid Growing Regulatory Demands in Banking

Retrieved on: 
Thursday, August 17, 2023

Suade's solution addresses the burgeoning need for advanced reporting systems, as financial institutions wade through an ever-evolving regulatory terrain.

Key Points: 
  • Suade's solution addresses the burgeoning need for advanced reporting systems, as financial institutions wade through an ever-evolving regulatory terrain.
  • This move is both a response to the increased demand for their groundbreaking solutions and a pledge to support North American banks.
  • Diana Paredes, Suade's CEO, remarked, "The upcoming Basel 3.1 framework underscores the urgency for banks to adopt agile and precise reporting systems.
  • Suade's cutting-edge technology provides an answer, allowing institutions to streamline their reporting processes, stay compliant, and ultimately better serve their stakeholders.

EQS-News: Aareal Bank: Strong earnings growth offsets non-recurring burdens and higher loss allowance – Full exit from the Russian exposure

Retrieved on: 
Thursday, August 10, 2023

Moreover, a part of the investment budget was used for the early termination of the Bank's remaining Russian exposure.

Key Points: 
  • Moreover, a part of the investment budget was used for the early termination of the Bank's remaining Russian exposure.
  • This means that loss allowance for US office property financings totalled approximately €100 million.
  • What is more, deposits reached an average volume of €13.5 billion in the first six months of 2023, benefiting from higher interest rates.
  • Another €33 million of loss allowance was recognised in net gain or loss from financial instruments (fvpl) due to fair value measurement adjustments in the US.

Wolters Kluwer examines the readiness of financial institutions in managing the complexities of Basel IV in new whitepaper

Retrieved on: 
Tuesday, April 25, 2023

While the Basel deadlines and risk and reporting requirements vary by region and jurisdiction, there has been consistency among the frameworks to make implementation and compliance easier.

Key Points: 
  • While the Basel deadlines and risk and reporting requirements vary by region and jurisdiction, there has been consistency among the frameworks to make implementation and compliance easier.
  • Furthermore, Basel practices will have to fit within existing supervisory architecture .
  • In other instances, Basel standards are not mandated for institutions of a certain asset size, and such an approach has not been pleasant either.
  • It supports regulated financial institutions in meeting their obligations to external regulators and their own board of directors.

EQS-News: Aareal Bank posts a 54 per cent increase in consolidated operating profit for 2022

Retrieved on: 
Thursday, March 2, 2023

In February 2022, Aareal Bank Group announced its target for 2024 consolidated operating profit of up to €350 million.

Key Points: 
  • In February 2022, Aareal Bank Group announced its target for 2024 consolidated operating profit of up to €350 million.
  • Aareal Bank increased its net interest income by 18 per cent to €702 million in the financial year under review (2021: €597 million).
  • Aareal Bank Iowered its cost/income ratio (CIR) in the banking business to 40 per cent for the full year (2021: 50 per cent).
  • At the same time, the Bank reduced its NPL ratio from 5.2 per cent (year-end 2021) to 3.6 per cent as at 31 December 2022.