AxiomSL’s end-to-end Firm Data Submission Framework (FDSF) solution provides all of the data aggregation, impact calculation, report reconciliation and submission functionality needed to comply with the stress testing requirements mandated by the UK’s Prudential Regulation Authority (PRA).

AxiomSL’s end-to-end FDSF solution leverages a client’s existing data structure to quickly and accurately aggregate the required data from different lines of business. It reconciles the aggregated data back to the source data and structures it according to the semantic models defined by the PRA.

AxiomSL’s solution applies the stress scenarios to the aggregated data and calculates the impact of each scenario. This information can then be reported to the regulator. The scenario logic used in each case can be maintained and applied to other data, as required.

AxiomSL’s FDSF solution provides full traceability and drilldown capabilities, so that users can do detailed audits of their filings. The data required for FDSF is the same as that needed for Common Reporting (COREP) and Financial Reporting (FINREP). This means clients that use AxiomSL’s COREP/FINREP solution will already have access to all of the data they need to run FDSF stress tests.

As well as FDSF stress testing, AxiomSL’s solution can be used to comply with all other major reporting requirements in the UK and globally. This ‘one platform’ approach ensures consistency across reports submitted for different regulations and reduces the cost and complexity of compliance.