Functionalities

Abacus360 Banking complies with the requirements of the European Banking Authority’s (EBA) and the European Central Bank (ECB) reporting frameworks as well as with the local requirements of national supervisory authorities. A standard interface facilitates the import of raw data, such as book and market values and partial results data, such as risk-weighted assets (RWA) and report results. The Abacus engine provides a wide range of calculation functions, including risk calculation according to the standard approach or internal ratings based approach (IRB) and capital adequacy calculations.

By means of a user-friendly interface, the system provides a comprehensive functionality for data analysis, auditing, sign-off and generating reports and manual interventions at every step of the report generation process. Abacus360 Banking provides standard reporting content for numerous jurisdiction and facilitates flexible integration of jurisdiction-specific requirements via the Template and the Rule Designer.

Data Management and BCBS 239

Abacus360 Banking is based on an optimized standard data model that minimizes redundant data storage via consolidation of results data across all modules. In addition, Abacus360 Banking offers full version compatibility, multilingual capability, and multi GAAP processing ability within a single cluster. The Abacus360 Banking data model serves to ensure long-term data maintenance capability even in the face of constantly changing conditions.

In light of its single data model, engine functions, and additional functional components, Abacus360 Banking is undoubtedly ready for BCBS 239. A key BCBS 239 requirement, cross-department data consistency, is fulfilled due to the use of the data model by all reporting, risk, and finance applications. Abacus360 Banking uses the Complete Audit Trail (CAT) to ensure compliance with the data lineage requirements.

Back
Share:

Choose your language

×