OREANDA-NEWS. Lombard Risk Management plc (AIM:LRM.L), a leading provider of integrated collateral management and regulatory reporting solutions for the financial services industry, is pleased to announce that one of its 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 added: "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."

 

About Lombard Risk

Lombard Risk is a leading provider of regulatory reporting and collateral management solutions - enabling firms in the financial services industry to 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, Hong Kong, Shanghai, and Singapore, with service centres in Tokyo, Atlanta, Cape Town, Luxembourg and Miami.  With over 300 clients world-wide, including over 30 of the world's "Top 50" financial institutions - as well as investment firms, asset managers, hedge funds, fund administrators, insurance firms and large corporations worldwide.