AFTAs 2014: Best Reporting Initiative—Morgan Stanley

Morgan Stanley tapped AxiomSL’s platform for rule-based reporting logic, multi-dimensional drill-down to data sources, reconciliation across disclosures, data adjustments with audit trail, management reporting, and the ability to efficiently deal with evolving rules stemming from regulations such as Dodd–Frank.

As the firm moved from a fragmented to a strategic method of compiling and disseminating data, it also changed its approach to managing regulatory reporting as it was able to better utilize its data feeds to unlock real value by integrating these systems. It also helped Morgan Stanley to improve data quality, transparency and efficiency of bank operations and hit timelines for multiple reports.

With the help of AxiomSL, Morgan Stanley was better able to handle challenges such as harmonizing large volumes of data sources for collection and reconciliation; breaking down silos of multiple systems and reporting schedules; automating manual processes; and architecting a solution that could easily plug into new data sources in a production environment.

AxiomSL helped to automate reporting business logic functions, and improved data integration, as well as governance and accountability. Most importantly, AxiomSL helped the firm to create a more collaborative reporting infrastructure to meet multiple regulations and served as the foundation for evolving regulatory reporting demands.

As a result, Morgan Stanley says it has significantly bettered its time to market; created a scalable and flexible IT infrastructure in order to automate future reports; has a single data-driven reporting platform and centralized business rules and mappings for disclosure; and has enhanced its data validation processes across the firm, while boosting operational efficiencies.

Reporting demands are only likely to increase in the years to come. Flexibility will continue to be the key, and Morgan Stanley, with the help of AxiomSL, hopes to be able to continue to adjust on the fly as new rules come down the pike from Europe, the US and Asia.

Reporting demands are sure to increase in the years to come. Flexibility will continue to be the key, and Morgan Stanley, with the help of AxiomSL, hopes to be able to continue to adjust on the fly, as new rules come down the pike from Europe, the US and Asia.