Singapore/Hong Kong, 9 December 2021 – Adenza has won Best Solution in Capital/Liquidity Modelling & Stress Testing in the 4th Regulation Asia Awards for Excellence 2021 at an online ceremony on 9 December 2021.
Adenza, the new company formed through a merger of Calypso Technology and AxiomSL, was recognised for its Basel Liquidity Risk Management solution, which applies a comprehensive, single platform approach to risk modelling and stress testing. The solution enables clients to automatically integrate original data from disparate sources, model risk, perform regulatory calculations, visualise the information on dynamic dashboards, and generate and submit reports.
The Basel Liquidity Risk Management solution supports liquidity risk management calculation of monitoring ratios introduced under the Basel IV framework – including liquidity coverage ratio (LCR) and net stable funding ratio (NSFR). It is delivered via the ControllerView® data integrity and control platform. The solution automatically populates and validates the reports required for all aspects of NSFR and LCR.
“Regulators require more granular information, at a higher frequency, with a greater level of accuracy and auditability than ever before and our Liquidity Risk Management solution is designed to support those requirements today, and in the future,” said Gavin Pugh, Head of Risk Solutions, Asia Pacific, Adenza. “Most importantly, our solution is fully transparent and completely customisable, allowing users to ‘look under the hood’ to understand the data lineage that goes into their stress testing results and seamlessly integrate data from across the institution. We’re honored that Regulation Asia has recognised our commitment to delivering the traceability, transparency and granularity the industry needs to manage risk with confidence.”
In terms of stress testing, Adenza’s provides a Scenario Manager module which allows users to configure and simulate regulator-required and business-model-specific stress test scenarios. There is no limitation on the number of scenarios that can be set up, while the process to establish a scenario is intuitive and involves minimal IT intervention. The module also offers automated data generation as part of the calculation process.
“As liquidity modelling and reporting requirements continue to demand more resources from financial institutions, the innovators recognised in our Awards for Excellence program are proving that it is possible to future-proof an organisation against the steady tide of regulatory change,” said Brad Maclean, co-founder at Regulation Asia. “Congratulations to Adenza on continuing to drive breakthrough innovation in this critical area.”
Following the merger that formed Adenza, the company has a even larger presence in the APAC region, with additional potential clients in Malaysia, India, Philippines, Japan, and China. This will make it possible for more clients to benefit from its liquidity, risk and regulatory solutions.
Adenza provides customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms which can be delivered on-premise or on-cloud. Adenza enables financial institutions to consolidate and streamline their operations with front-to-back solutions integrated with data management and reporting, benefitting from a single source of truth across the business.
With headquarters in London and New York, Adenza has more than 60,000 users across the world’s largest financial institutions spanning global and regional banks, broker dealers, insurers, asset managers, pension funds, hedge funds, central banks, stock exchanges and clearing houses, securities services providers and corporates.
About the Regulation Asia Awards for Excellence 2021
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help to ensure the highest standards for regulatory compliance are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.
For a full list of the award 2021 winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. With over 12,000 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.