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.
We’re proud to announce the release of our first fully-tested version of MO+ – now fully tested to interface with your ALMIS® Front Office
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.
We’re always looking ahead to future regulatory changes
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.
There will be two updates of ALMIS® Front Office to cover the new CRR2 rules
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.
We’re also updating ALMIS® RR+
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.
If you’d like to know more about our latest releases and updates
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