Lombard Risk updates reporting solution
08 September 2011 London
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Lombard Risk Management has announced a new version of its regulatory reporting solution - using web technology, with enhanced and many new features - as a key component of its integrated solution.
The increase in demand for regulatory compliance post financial crises is a major challenge for firms around the world. Lombard Risk's regulatory reporting solution meets those requirements, automating the process end-to-end from data collection to electronic output. The Lombard Risk regulatory reporting solution is used by more than 250 firms around the world; over 40 per cent of the UK-based financial institutions use it to submit FSA and Bank of England returns; and last year Lombard Risk saw 30+ firms use its regulatory reporting, with LISA for liquidity scenario analysis, to meet the FSA's tough new liquidity regulations.
John Wisbey, CEO of Lombard Risk said: "We have listened very carefully to our 250+ large and small clients alike in various countries, and to other firms that are looking for a robust, multi-country reporting solution architecture to cope with all the regulatory change that is occurring. This enhanced, web-based version is driven by our own vision of modern regulatory reporting, and addresses the major business issues raised by the many firms we have talked to. Our aim is that no serious firm that is looking at regulatory reporting, whether in one country or across multiple jurisdictions, can leave us off their shopping list".
Nick Davies, CTO of Lombard Risk said: "Implementing our roadmap vision using industry tried and tested web-based workflow technologies, Lombard Risk has taken the best of what made STB-ReporterV4 one of the world's most installed regulatory platforms on a global basis, and has created its next-generation web platform that not only addresses new drivers but reduces total cost of ownership and significantly improves return on investment. The Lombard Risk solution will ensure that our clients have all the information they need to prevent submission issues with their regulators, regardless of the country, and that direct bottom line impact is reduced in an ever increasing complex regulatory landscape."
Lombard Risk's new web-based regulatory compliance solution, which was recently shown to 100 invited guests at the British Bankers' Association, provides regulatory reporting, stress testing and scenario analysis together with management / business information on a fast, flexible and fully-integrated web platform. The new solution has been developed in direct response to the increasing and changing demands of global regulators for transparency and insight into firms' operations at a detailed level - and will enable them to meet these requirements with confidence.
The increase in demand for regulatory compliance post financial crises is a major challenge for firms around the world. Lombard Risk's regulatory reporting solution meets those requirements, automating the process end-to-end from data collection to electronic output. The Lombard Risk regulatory reporting solution is used by more than 250 firms around the world; over 40 per cent of the UK-based financial institutions use it to submit FSA and Bank of England returns; and last year Lombard Risk saw 30+ firms use its regulatory reporting, with LISA for liquidity scenario analysis, to meet the FSA's tough new liquidity regulations.
John Wisbey, CEO of Lombard Risk said: "We have listened very carefully to our 250+ large and small clients alike in various countries, and to other firms that are looking for a robust, multi-country reporting solution architecture to cope with all the regulatory change that is occurring. This enhanced, web-based version is driven by our own vision of modern regulatory reporting, and addresses the major business issues raised by the many firms we have talked to. Our aim is that no serious firm that is looking at regulatory reporting, whether in one country or across multiple jurisdictions, can leave us off their shopping list".
Nick Davies, CTO of Lombard Risk said: "Implementing our roadmap vision using industry tried and tested web-based workflow technologies, Lombard Risk has taken the best of what made STB-ReporterV4 one of the world's most installed regulatory platforms on a global basis, and has created its next-generation web platform that not only addresses new drivers but reduces total cost of ownership and significantly improves return on investment. The Lombard Risk solution will ensure that our clients have all the information they need to prevent submission issues with their regulators, regardless of the country, and that direct bottom line impact is reduced in an ever increasing complex regulatory landscape."
Lombard Risk's new web-based regulatory compliance solution, which was recently shown to 100 invited guests at the British Bankers' Association, provides regulatory reporting, stress testing and scenario analysis together with management / business information on a fast, flexible and fully-integrated web platform. The new solution has been developed in direct response to the increasing and changing demands of global regulators for transparency and insight into firms' operations at a detailed level - and will enable them to meet these requirements with confidence.
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