Leading UK building society selects Lombard Risk REPORTER to meet regulatory obligations
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Transcript of Leading UK building society selects Lombard Risk REPORTER to meet regulatory obligations
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7/30/2019 Leading UK building society selects Lombard Risk REPORTER to meet regulatory obligations
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January 2013 - News from Lombard Risk Page 1
PRESS RELEASE
Leading UK building society selects Lombard RiskREPORTER to meet regulatory obligations
LONDON, UK - 10th
January 2013:Lombard RiskManagement plc, a leading provider of
integrated collateral management and liquidity, regulatory and MIS reporting solutions for the
financial services industry, is pleased to announce that one of the UKs leading building societies
has selected Lombard RiskREPORTERto create a consolidated regulatory and MIS reporting
solution.
Lombard Risks REPORTER is a fully scalable regulatory compliance solution widely used by building
societies and banks throughout the UK. The system keeps pace with regulatory requirements,
automating end-to-end from data collection to electronic output, so providing the ideal solution for all
automated regulatory reporting requirements.
John Wisbey, Chief Executive Officer, Lombard Risk says:We are delighted to welcome this
important building society to our extensive client community. Selection of Lombard Risk by this
building society underlines our position as thevendor-of-choicein this sector. We have both the
software and the experience to automate regulatory reporting for major building societies - this
includes computation and reporting for retail, mortgage and treasury operations, and covers anyaspect of the FSAs and Bank ofEngland's requirements, ranging from statistical reporting to the
liquidity regime and also mortgage reporting.
Following a competitive selection process the building society, one of the largest in the
UK, identified Lombard Risk as:
Specialists in the regulatory environment with proven experience of delivering to high
volume retail firms
Offering a tried & tested system with a significant and satisfied user base - and
Providing a reliable multi-discipline solution for regulatory calculation, reporting (including
MIS) and electronic submission.
Building societies are regulated by the Financial Services Authority (FSA), under the Financial
Services and Markets Act 2000. The role of the regulator is to ensure societies are run in a safe
and prudent manner. The Lombard Risk REPORTER solution was selected by the building
society to enhance all of their existing and new reporting processes including the newEBA
Common Reporting COREPregulations, including Large Exposures, Liquidity Coverage and Net
Stable Funding, as well as existing FSA and Bank of England reporting.
The society also recognised the value of the regulatory update service provided by Lombard
Risk, which ensures that REPORTER is maintained to meet the latest regulatory requirements
now and as they arise, keeping the firm compliant. This service is provided by the team of
regulatory business matter experts at Lombard Risk and included in the license agreement.
http://www.lombardrisk.com/http://www.lombardrisk.com/http://www.lombardrisk.com/http://www.lombardrisk.com/products/regulatory-compliance/reporterhttp://www.lombardrisk.com/products/regulatory-compliance/reporterhttp://www.lombardrisk.com/products/regulatory-compliance/reporterhttp://www.lombardrisk.com/company/about-us/management-teamhttp://www.lombardrisk.com/company/about-us/management-teamhttp://www.bsa.org.uk/faq/regulationofbuildingsociety.htmhttp://www.bsa.org.uk/faq/regulationofbuildingsociety.htmhttp://www.bsa.org.uk/faq/regulationofbuildingsociety.htmhttp://www.lombardrisk.com/products/regulatory-compliance/reporter/eba-common-reporting-corephttp://www.lombardrisk.com/products/regulatory-compliance/reporter/eba-common-reporting-corephttp://www.lombardrisk.com/products/regulatory-compliance/reporter/eba-common-reporting-corephttp://www.lombardrisk.com/products/regulatory-compliance/reporter/eba-common-reporting-corephttp://www.lombardrisk.com/products/regulatory-compliance/reporter/eba-common-reporting-corephttp://www.lombardrisk.com/products/regulatory-compliance/reporter/eba-common-reporting-corephttp://www.bsa.org.uk/faq/regulationofbuildingsociety.htmhttp://www.bsa.org.uk/faq/regulationofbuildingsociety.htmhttp://www.bsa.org.uk/faq/regulationofbuildingsociety.htmhttp://www.lombardrisk.com/company/about-us/management-teamhttp://www.lombardrisk.com/products/regulatory-compliance/reporterhttp://www.lombardrisk.com/ -
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January 2013 - News from Lombard Risk Page 2
Robert Markham, Head of Sales, Regulatory Compliance - EMEA, Lombard Risk
commented: Rapid implementation and supporting client referenceability are key selection
criteria to successful financial services institutions and once more we are delighted to be
selected ahead of other providers in this space.
- End
About Lombard Risk www.lombardrisk.com (LSE: LRM)
Lombard Risk is a leading provider of integrated collateral management and liquidity,regulatory and MIS reporting solutions enabling firms in the financial services industryto significantly improve their approach to managing the risk in their businesses.
Founded in 1989 and headquartered in London, Lombard Risk has offices in New York and New Jerseyin the US; Hong Kong, Mumbai, Shanghai, Singapore and Tokyo in Asia Pacific, and service centres in
Atlanta, Cape Town, Luxembourg and Miami.
Our clients include banking businesses - over 30 of the world's "Top 50" financial institutions - almosthalf of the banks operating in the UK, as well as investment firms, asset managers, hedge funds, fundadministrators, insurance firms and large corporations worldwide.
Managing collateralised trading | Enabling regulatory compliancewith clarity and confidence in the new world
The Lombard Risk solution suite is developed and supported by an extensive team of risk,regulatory and financial experts and includes:
REPORTER- global regulatory reporting. Fully scalable regulatory compliance solution for branch orhead office, with global coverage. Fully supports key supervisory computations and integrates withLISA for stress testing and REPORTER MIS for ad-hoc and management reporting. Straightforwardand streamlined integration to multiple source systems; built in reconciliation and trends and variancereports.
REG-Reporter
- US and Canadian regulatory reporting. A regulatory solution addressing financialreporting requirements by automating compliance with the mandated reports to all US regulatoryagencies and the Office for the Superintendent of Financial Institutions Canada (OSFI).
LISA
- scenario analysis and stress testing. LISA satisfies the latest liquidity risk managementrequirements and supports growing regulatory demands for timely and reliable information.
REPORTER MIS- business and management reporting. A flexible and easy-to-use module forreporting across the Lombard Risk product range AND with external sources. Provides valuablebusiness intelligence by combining risk and regulatory information in reports or on-screen dashboards,enabling well-informed business decisions to be made with confidence.
ComplianceASSESSORTM
addressing regulatory risk.A compliance management tool, designedto enable firms to monitor and identify the state of compliance against any number of regulations,across an entire business.
COLLINE
- collateral management and clearing. Designed by experienced business practitionersfor end-to-end, cross-product (OTC derivatives, repo and sec lending) collateral management.COLLINE provides a consolidated solution for mitigating credit risk while satisfying the growing demandfor multiple/global entities, cross-product margining,clearing, optimisation, master netting, MISreporting, dispute management and electronic messaging.
REFORM - pre- and post-trade solutions and transactional reporting for derivatives reform initiativessuch asDodd-FrankandEMIR. Other modules of the REFORM engine provide connectivity andmessage transformation e.g. enabling COLLINE to connect to exchanges and messaging systems.
The Lombard Risk software solution suite also includesOBERON
trade capture and valuation andFIRMAMENT
credit and equity valuation.
Visit themedia centreon our website or contact us:
http://www.lombardrisk.com/company/about-us/find-out-more/contact-informationhttp://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB00B030JP46GBGBXAIMIhttp://www.lombardrisk.com/products/regulatory-compliance/reporterhttp://www.lombardrisk.com/products/regulatory-compliance/reporterhttp://www.lombardrisk.com/products/reg-reporterhttp://www.lombardrisk.com/products/regulatory-compliance/lisahttp://www.lombardrisk.com/products/regulatory-compliance/lisahttp://www.lombardrisk.com/products/regulatory-compliance/reporter-mishttp://www.lombardrisk.com/products/regulatory-compliance/reporter-mishttp://www.lombardrisk.com/products/risk-management/complianceassessorhttp://www.lombardrisk.com/products/risk-management/complianceassessorhttp://www.lombardrisk.com/products/risk-management/collinehttp://www.lombardrisk.com/products/risk-management/collinehttp://www.lombardrisk.com/products/risk-management/colline/ccphttp://www.lombardrisk.com/products/risk-management/colline/ccphttp://www.lombardrisk.com/products/risk-management/colline/ccphttp://www.lombardrisk.com/products/transaction_reportinghttp://www.lombardrisk.com/products/transaction_reporting/dodd-frank-act-title-viihttp://www.lombardrisk.com/products/transaction_reporting/dodd-frank-act-title-viihttp://www.lombardrisk.com/products/transaction_reporting/dodd-frank-act-title-viihttp://www.lombardrisk.com/products/transaction_reporting/emirhttp://www.lombardrisk.com/products/transaction_reporting/emirhttp://www.lombardrisk.com/products/transaction_reporting/emirhttp://www.lombardrisk.com/products/risk-management/oberonhttp://www.lombardrisk.com/products/risk-management/oberonhttp://www.lombardrisk.com/products/risk-management/firmamenthttp://www.lombardrisk.com/products/risk-management/firmamenthttp://www.lombardrisk.com/media-centrehttp://www.lombardrisk.com/media-centrehttp://www.lombardrisk.com/media-centrehttp://www.lombardrisk.com/media-centrehttp://www.lombardrisk.com/products/risk-management/firmamenthttp://www.lombardrisk.com/products/risk-management/oberonhttp://www.lombardrisk.com/products/transaction_reporting/emirhttp://www.lombardrisk.com/products/transaction_reporting/dodd-frank-act-title-viihttp://www.lombardrisk.com/products/transaction_reportinghttp://www.lombardrisk.com/products/risk-management/colline/ccphttp://www.lombardrisk.com/products/risk-management/collinehttp://www.lombardrisk.com/products/risk-management/complianceassessorhttp://www.lombardrisk.com/products/regulatory-compliance/reporter-mishttp://www.lombardrisk.com/products/regulatory-compliance/lisahttp://www.lombardrisk.com/products/reg-reporterhttp://www.lombardrisk.com/products/regulatory-compliance/reporterhttp://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB00B030JP46GBGBXAIMIhttp://www.lombardrisk.com/company/about-us/find-out-more/contact-information -
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January 2013 - News from Lombard Risk Page 3
John WisbeyChief Executive Officer
Tel: +44 (0)20 7593 6700 - [email protected]
Rebecca BondGroup Marketing Director
Tel: +44 (0)20 7593 6796 - [email protected]