Lombard Risk signs four more for Ba III solution
13 April 2012 London
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Lombard Risk has signed four contracts in March for its 鈥楻eporter鈥� regulatory compliance solution.
The contracts with four UK-based financial institutions hope to aid the fulfillment of the European Banking Authority鈥檚 Common Reporting requirements, which will affect the UK in 2013.
James Philips, director of Regulatory Compliance said: 鈥淭he 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鈥檚 required, and will issue calculation engines and reporting templates that meet the final detailed requirements as and when they are published.鈥�
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鈥檚 Common Reporting requirements, which will affect the UK in 2013.
James Philips, director of Regulatory Compliance said: 鈥淭he 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鈥檚 required, and will issue calculation engines and reporting templates that meet the final detailed requirements as and when they are published.鈥�
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.
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