AxiomSL Initiates Industry Collaboration for Open Taxonomy

The firm has also made its solution for the MAS 610 reporting mandate available via Software-as-a-Service.

Peter Tierney
Peter Tierney, AxiomSL

In order to establish the taxonomy, the regulatory reporting and risk management solutions provider is partnering with two domestic systemically important institutions (D-Sibs), seven international banks, including four global systemically important institutions (G-Sibs), advisory firm PwC Singapore, and data consulting firm BR-AG.

“The taxonomy will describe what the MAS is asking for and is independent of how banks meet MAS’ requirements,” says Peter Tierney, CEO of Asia-Pacific at AxiomSL. “

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