Crédit Agricole CIB automates US reg reporting with AxiomSL
AxiomSL gains new US client
Crédit Agricole Corporate and Investment Bank (CIB) is implementing AxiomSL’s regulatory reporting system at its New York branch.
The new solution will support the bank’s form FR 2052a and Foreign Bank Organisation (FBO) reporting to the Federal Reserve in the US.
Other US-based customers of AxiomSL include Raymond James and PNC Financial Services.
What’s form FR 2052a?
Form FR 2052a collects quantitative information on selected assets, liabilities, funding activities and contingent liabilities on a consolidated basis and by material entity subsidiary.
Form 2052a is used by the Federal Reserve to monitor a reporting institution’s overall liquidity profile and also provide detailed information on the liquidity risks within specific business lines and is intended to provide the Federal Reserve with timely information on firm-specific liquidity risks during periods of stress.
