Since the company was set up in 1992 we’ve continued to develop compliant, fast to implement and easy to use software solutions for our clients. We build upon feedback from our clients and in sharing of knowledge with our dedicated team to refine and hone our product offering and client support. Find out more about who we are what we do for banks and building societies in the UK and further afield with our new video. You can watch this video here.
We are very pleased to announce that the ISO9001 Quality Management System Certification has been awarded to us by BSI.
We have always had quality as a key strength, it has been and is at the core of our DNA. Our team have worked effortlessly with continuous improvement at each milestone . We are proud to announce recognition of our teams dedication and to achieve this standard of quality management certification. Very well done to all the team involved!
This week, ALMIS® International held a webinar on the Prudential Regulation Authority’s (PRA) Interest Rate Risk Standardised Framework. PRA is one of the successors to the Financial Services Authority and falls under the auspices of the Bank of England. The PRA Rulebook now states that a firm may elect to implement a standardised framework and our webinar set out to examine the impact of this.
The webinar was attended by around 60 of ALMIS® Internationals UK banks and building society clients, during which we examined the concepts behind the standardised framework and how this contrasts with ALMIS® software own models for calculating the BASIL 3 interest rate sensitivities.
Interest rate risk in the banking book has developed significantly following BASIL 3 reforms and now includes EVE (Economic Value of Equity) and Earnings Sensitivity Measures.
The majority in attendance felt they would continue instead with our ALMIS® software calculation method which is inherently more accurate as it uses more granular cash-flow periods.
However, some attending the webinar said they would prefer the new PRA regulatory metric which ALMIS® now supports using a dedicated report writer template. This integrates direct feeds from ALMIS® calculated cashflows and yield curves.
Moreover, we welcome the new standardised framework and wish to support this as well as the more accurate calculations supported in ALMIS® software.
ALMIS® central function is to support decision making around interest rate risk hedging and to combine this with the UK’s regulatory framework and reports.
We are organising a full day masterclass on IRRBB using ALMIS® software to assist clients on 25 th May, and the ALMIS® User Group meeting on the following day we will discuss this subject further.
If you are interested in any element of financial regulatory reporting, then please get in touch via LinkedIn.
ALMIS® International is delighted to announce that two of our team, Senior Business Analyst Matt Poole, and Head of Product Pipeline Luke DiRollo, have been acknowledged with merit certification by ALMA – The Asset and Liability Management Association – a membership organisation which provides education and promotes awareness of asset and liability risk management issues through a series of national courses and conferences.
The organisation’s 100 strong membership of UK and Irish financial institutions shares views on areas as diverse as risk systems strategy, structuring of balance sheets to manage liquidity, credit and capital, experience in e-commerce and strategic business direction – all areas where the ALMIS® International team excels.
Joe DiRollo, founder, and MD of ALMIS® International comments:
“Both Matt and Luke have studied for the ALMA profession qualification – the CertBALM – accredited by the Association of Corporate Treasurers.
They both attained CertBALM certification with Merit which, from a continuous improvement and career developmental perspective, is fantastic news for the hard work and diligence shown by Matt and Luke. More widely, however, it further empowers the entire ALMIS® International team’s commitment to reach the highest possible levels of understanding the complexities of regulatory compliance and procedures. This is why membership of ALMA is so important to ALMIS® International.”
The collapse of Northern Rock in 2007 was a memorable moment for Joe Di Rollo, not only because it signalled the beginning of the financial meltdown that would spread around the world; it also marked a step-change in the fortunes of ALMIS® International.
Continue reading this interview between Joe Di Rollo and Daily Business here.
Industry expert and guest speaker Chris Blake commented in our recent webinar that NSFR is perhaps more important than the LCR, and provided an explanation of this metric which was well received by attendees from over 85 Banks and Building Societies.
Our poll then showed many firms have not yet decided whether to go with a simplified or fully fledged approach. Given this, we are further highlighting the ALMIS® software facilitates both, comes out of the box with all the standard factors and can be computed directly for the same data used to populate the PRA 110, LCR and ALMM returns. Additionally, Chris strongly advised that firms run stressed equivalents of the NSFR as part of the ILAAP. This too is possible within the ALMIS® NSFR report where users are provided with functionality to flex Available Stable Funding and Required Stable Funding weightings or where the NSFR can be run on stressed, forecasted balance sheets using the ALMIS® Financial Planning tool.
Firms are reminded that they would need to apply to be treated as simplified. The simplified approach will usually produce a less favourable / efficient metric and so we at ALMIS® International recommend using the fully fledged approach, and for reporting efficiency and consistency, to use this with our Capital Adequacy module to correctly record 35% RWA’s.
Stuart Fairley presented our ALMIS® software solution beginning with the ALMIS® Middle Office+ dedicated ALM Data Platform. Our clients are preparing to migrate to our superior MO+ single version of the truth for the necessary transformations and data prep. Time did not allow for a detailed walk through of all the validation, searching, superior excel in and out, colour coded grids and workflow our customers can use.
If you’re interested in viewing the webinar or learning more please contact [email protected], and if you’re a client of ALMIS® International you can already view the webinar on our Client Area.
Central banks around the world are assessing and developing improved ways to receive and analyse data from banks. Since the 2008 banking crisis, there has been a tsunami of regulations and reporting requirements for Banks and, bluntly, the banking industry has struggled to keep up with these frequent and ever more complex requirements.
Continue reading this article by ALMIS® International Founder and CEO, Joe Di Rollo, featured here in the Finance Derivative.
Edinburgh Wednesday 11th August 2021: ALMIS® International, the Edinburgh-based asset liability and treasury management software developer, has announced the appointment of its first Chief Technical Officer to spearhead innovation and development for the regulatory compliance of banks and building societies.
Chris Smith, aged 42, has more than 20 years’ experience in solutions architecture, and software development infrastructure, joins ALMIS® International from Cegedim Healthcare Solutions, an innovative technology and services company providing management software suites to GP Surgeries and Pharmacies across the UK.
In recent years, there has been a steady increase in a global regulatory focus on technology and innovation as regulators look to shore up procedural compliance.
The company has positioned itself as one of the key software developers in this field and as Joe DiRollo, founder and managing director of ALMIS® International explains, the appointment of a Chief Technology Officer to oversee future incremental development of the product suite to comply with the regulatory demands placed on banks and building societies, helps ALMIS® maintain its position as a prominent corporate financial software developer.
He comments,
“We are delighted to welcome Chris Smith as ALMIS® International’s new Chief Technology Officer. “For some time, we have been searching for the right candidate who could drive through our medium to long term product development strategy. Chris comes with a wealth of knowledge and experience, creating and developing software in industries such as forestry and healthcare. He’ll be a strong addition to the team and provide the right balance of strategic thinking coupled with a practical hands-on approach to leading the developers and technical staff.”
Chris Smith said: “This is an exciting challenge and one that I am very much looking forward to. ALMIS® International is a hugely successful software firm operating in an area of the financial sector bound by extensive governance, risk, and compliance. This is a tremendous opportunity. I am very much looking forward to playing a key role in the future success of the company.”
The company is located in central Edinburgh and has a staff complement of 25 staff predominantly in development and technical support.
We’ve been busy over the last year or so and we’re hugely excited to tell you about our forthcoming software roll outs. This underlines our commitment to investing resources to make improvements that add value to your licences.
Our dedicated data platform, Middle Office+ is designed to give you a higher degree of flexibility when it comes to extracting and using your data. It has a wider and more sophisticated range of ETL tools which gives our Front Office modules the correct level of detail to run reports and functions. This enhanced data model offers you a data platform for both current and future ALM and regulatory reporting needs.
On 1 January 2022, the PRA’s Capital Requirements Regulation 2 (CRR2) will come into effect. This covers the Basel III reforms including the Pillar 1 Net Stable Funding Ratio (NSFR), new market risk requirements and the revised counterparty credit risk rules. We’ve developed updated versions of our ALMIS® Front Office and ALMIS® RR+ software to keep you compliant and these will be available over the coming months.
The first version, due to be released in the coming weeks, covers the NSFR changes that require banks to have stable funding to support their lending activities. We’ve developed this software in ALMIS® Front Office so it can seamlessly auto-populate the required templates in ALMIS® RR+ and work with the planning tool to forecast your NSFR exposure through the life of your corporate plan.
Shortly afterwards, our second ALMIS® Front Office release will address changes to the Standardised Approach to Counterparty Credit Risk calculations (SA-CCR). Each release will be followed up with a webinar to explain the new regulations and walk you through the new functionality.
This is so it will be compatible with the upcoming Taxonomy 3.0 templates. All of our UK bank and building society clients will need this update to comply with the regulatory reporting requirements that come into effect on 1 January 2022. The latest ALMIS® RR+ version will be released alongside the first CRR2 update so that the updated calculations will auto-populate into the regulatory reports.
Drop us a line at [email protected] and a member of our team will get in touch with you.
Joe Di Rollo
Founder and CEO of ALMIS® International
ALMIS® International in partnership with Linklaters LLP held a webinar and discussion on the prudential regulatory landscape for small/challenger banks and building societies on 3 March, 2021.
The session covered the relevant aspects of:
• EU CRR2/CRD V regime including remuneration requirements for smaller banks
• UK implementation of CRD V
• UK implementation of Basel III (according to the latest consultation papers)
• CRR Quick Fix and other relief measures
• PRA’s initiatives for a tailored prudential regime for challenger banks
• Basel 3.1 provisions relevant to small and mid-tier deposit-takers; and
• Corporate restructuring trends relating to challenger banks
Speakers:
• Colin Johnson – Chief Product Office, ALMIS® International
• Benedict James – Partner, Linklaters LLP
• Bradley Richardson – Counsel, Linklaters LLP
• Allegra Miles – Managing Professional Support Lawyer, Linklaters LLP
• Emma Clark – Counsel, Linklaters LLP
• Bobby Butcher – Managing Associate, Linklaters LLP
• Elli Karaindrou – Associate, Linklaters LLP