Lombard prepares for common reporting
05 September 2012 London
Image: Shutterstock
Lombard Risk is releasing its Risk REPORTER solution to clients in preparation for the European Banking Authority’s (EBA) Common Reporting requirements (COREP).
Lombard Risk has been providing COREP solutions to European firms since 2006, and stated in a release that: “the experience and knowledge gained in doing this has proved to be invaluable in helping us to gain a clearer and earlier understanding of the full implications of the regulator's definitions and process.”
With respect to COREP, Lombard Risk REPORTER has been released to some customers in August and is being installed for data analysis and testing.
Functionality now being distributed includes all the templates which are in consultation at this time including those for COREP, large exposures, liquidity coverage, net stable funding and leverage ratio requirements.
Work is now focussing on computation in new COREP, from client raw data, with attention concentrating on own funds calculation in Lombard Risk REPORTER under Basel III, and also credit and market risk requirements.
Lombard Risk has been providing COREP solutions to European firms since 2006, and stated in a release that: “the experience and knowledge gained in doing this has proved to be invaluable in helping us to gain a clearer and earlier understanding of the full implications of the regulator's definitions and process.”
With respect to COREP, Lombard Risk REPORTER has been released to some customers in August and is being installed for data analysis and testing.
Functionality now being distributed includes all the templates which are in consultation at this time including those for COREP, large exposures, liquidity coverage, net stable funding and leverage ratio requirements.
Work is now focussing on computation in new COREP, from client raw data, with attention concentrating on own funds calculation in Lombard Risk REPORTER under Basel III, and also credit and market risk requirements.
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