Lombard Risk signs four more for Ba III solution
13 April 2012 London
Image: Shutterstock
Lombard Risk has signed four contracts in March for its ‘Reporter’ regulatory compliance solution.
The contracts with four UK-based financial institutions hope to aid the fulfillment of the European Banking Authority’s Common Reporting requirements, which will affect the UK in 2013.
James Philips, director of Regulatory Compliance said: “The precise calculations and report details are not yet finalised by the regulators but, from our experience with the EBA, we are sufficiently confident of a large proportion of the information that’s required, and will issue calculation engines and reporting templates that meet the final detailed requirements as and when they are published.”
The work carried out to prepare for the EBA Common Reporting also hopes to help firms meet a January 2013 Basel III deadline to implement best practices in relation to monitoring, stress tests and MIS.
The contracts with four UK-based financial institutions hope to aid the fulfillment of the European Banking Authority’s Common Reporting requirements, which will affect the UK in 2013.
James Philips, director of Regulatory Compliance said: “The precise calculations and report details are not yet finalised by the regulators but, from our experience with the EBA, we are sufficiently confident of a large proportion of the information that’s required, and will issue calculation engines and reporting templates that meet the final detailed requirements as and when they are published.”
The work carried out to prepare for the EBA Common Reporting also hopes to help firms meet a January 2013 Basel III deadline to implement best practices in relation to monitoring, stress tests and MIS.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
