Anadolubank Nederland taps AxiomSL for regulatory reporting solution

Anadolubank Nederland has selected AxiomSL's XBRL solution to submit a wide range of regulatory reports to De Nederlandsche Bank (DNB)

Anadolubank Nederland, a subsidiary of Anadolubank Turkey, has selected AxiomSL’s XBRL solution to submit a wide range of regulatory reports to De Nederlandsche Bank (DNB).

The platform will enable the bank to convert its regulatory reports from Excel and other formats into the XBRL taxonomies specified by the EBA.

The solution will be used for the Common Reporting (COREP), Financial Reporting (FINREP), Asset Encumbrance, Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR) and Leverage Ratio components of the Capital Requirements Directive IV (CRD IV).

AxiomSL claims that its platform offers strong data validation functionality, which includes support for cross-report validations. The solution will enable the bank to make top-side adjustments to their reports if data issues are detected.

The platform’s control functionality allows multiple users to work on a single project and sign off on their work. All changes are recorded and complete data lineage information is made available, AxiomSL added.

Anadolubank Nederland managing director Nuriye Plotkin said: “AxiomSL’s XBRL solution meets our needs exactly. The control and data validation functionality offered by AxiomSL gives us complete confidence in the accuracy of the data we will submit to the regulator.

“As the EBA continues to release new versions of its XBRL taxonomy, AxiomSL’s quick time to market was also compelling. We are looking forward to working with the leading XBRL specialists on our regulatory reporting.”