One of Lombard Risk Management’s major North American banking clients, a multi-national financial services corporation, has successfully gone live with Lombard Risk’s next generation regulatory reporting platform solution.
This solution is enabling automation of the bank’s US Federal and Treasury reporting, as well as the Reserve Bank of India reporting requirements. The company believes that creating this single centralised repository from which all of the bank’s regulatory reporting can be automated is a major step forward for the wider industry. The Lombard Risk solution now implemented by the bank will reduce complexity, cost and time. The bank is now able, for the first time, to automate the end-to-end reporting process to the regulators, from data input and aggregation, through to submission in multiple global jurisdictions.
Alastair Brown, Chief Executive Office of Lombard Risk, says: “We are delighted that our major North American client has successfully gone live with our regulatory reporting solution. This represents a significant proof-point of our strategy to help financial services firms become more agile and address increasingly complex regulatory demands.”
