Month: October 2012

ALCO Reporting: ALMIS® can help

Posted on by Julie Duncan

The quality of information given to ALCO can have a direct influence on the performance of a building society. ALMIS® International specialise in helping clients develop automatic forward-looking ALCO reports.

ALMIS® International provides a comprehensive asset liability management solution developed specifically for building societies. ALMIS® deals with Interest Margin, Liquidity, Interest Rate Risk and Solvency to deliver a comprehensive solution to control financial risk. ALMIS® will not only look at your balance sheet position today but also forecast future positions.

Additionally the Regulatory Reporting module within ALMIS® was originally developed to mitigate the burden of compliance for firms under the FSA’s regulatory regime. To date, it has enabled a significant proportion of its client base to generate, review and submit their FSA returns from a single Asset Liability Management system. ALMIS® has recently extended the capability of this module in light of the impending CRD IV legislation to once again ensure organisations are best placed to meet the extensive supervisory demands placed upon them. In addition to the extensive reporting capabilities ALMIS® provides users, there is the ability to directly compare current, past and forecasted regulatory returns which can be used for ALCO reporting purposes.

ALMIS® International have been helping building societies manage financial risk since 1992, during this time ALMIS® have developed long standing relationships with clients and with 65% of UK building societies using ALMIS® we have a strong reputation within this sector. The company has expanded recently to offer clients more dedicated support and consultancy services.

 

 

ALMIS® sign their first 10 firms to COREP module

Posted on by Julie Duncan

ALMIS® International are delighted to report that at this early stage ten firms have now committed to using ALMIS® for COREP. The new COREP regulations have been a real concern for banks and building societies because for many it will be the first time they have to produce reports in XBRL format. Further confusion is caused due to delays in finalising both the regulations themselves and the detailed taxonomy.

As one of our clients described:

“ALMIS® International was on the ball understanding the regulations, even predicting the latest delay and with their particularly large client base and highly cost effective solution they were the obvious choice for COREP”.

Many clients value the seamless integration with existing capital, liquidity and interest rate risk reporting and forecasting, whilst new ALMIS® clients like the simplicity of being able to use the easy to set up ‘input only’ version.

For more information on the ALMIS® solution for CRD IV (COREP/FINREP) reporting, click here. If you would like to arrange a demonstration, click here.