BAWAG P.S.K., one of the largest banking groups in Austria, selects Lombard Risk’s COLLINEfor global collateral management

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LONDON, UK – 24^th April 2012: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, announces that BAWAG P.S.K. has selected COLLINE as its strategic global collateral management solution.

BAWAG P.S.K. is one of the largest banking groups and one of the leading retail banks in Austria.  Headquartered in Vienna, BAWAG P.S.K. will be using COLLINE to manage the growth it is experiencing in its collateralised trading and will meet emerging regulatory demands.

COLLINE is a state-of-the-art, web-based collateral management and clearing solution designed by experienced business practioners for end-to-end, cross-product (OTC derivatives, Repos and Securities Lending) collateral management.  It provides a consolidated solution for mitigating credit risk while satisfying the growing demand for multiple global entities, cross-product margining, Central Counterparty Clearing (CCP), optimisation, master netting, MIS reporting and electronic messaging.

Wolfgang Hanzl, Head of Operations at BAWAG P.S.K., commented:
“Automating the management of our collateralised business will enable us to use collateral most efficiently and provide our clients with an accurate and reliable service.  Plus, BAWAG P.S.K. will benefit from better risk management and enhanced regulatory compliance”

BAWAG P.S.K. undertook a detailed selection process before choosing COLLINE – decisive factors included strong local references and a proven, swift time-to-market.  COLLINE clients can be up-and-running as quickly as 3-6 months and seeing a return on investment within the first 12 months.  BAWAG P.S.K. is planning for implementation in the head office in Vienna to be live by September 2012.

Martin Heraghty, Sales Director EMEA, Lombard Risk commented: “Lombard Risk is very pleased to welcome BAWAG P.S.K. to its continually expanding customer base. This is now our third COLLINE implementation in Vienna, and part of an even larger client base across the German-speaking region, where we see more future growth in the coming years.  COLLINE is now the collateral management system of choice for industry professionals globally.

About BAWAG P.S.K. – http://www.bawagpsk.com/

With total assets of €41.1bn the BAWAG P.S.K. Group is one of the largest banking groups in Austria and one of the leading retail banks for the middle-income market.

Its mission is to be a cutting-edge universal financial service provider with profound market expertise, comprehensive individual customer service and innovative products. With more than 330 BAWAG branch offices and more than 1,300 post offices, the BAWAG P.S.K. Group operates the largest centrally managed financial distribution network in Austria. It is also the leading provider of payments services in Austria.

30th March 2012: Lombard Risk Management plc (LSE: LRM), a leading global provider of integrated collateral management, liquidity and regulatory reporting and compliance solutions for the financial services industry, is pleased to announce that it has signed three contracts this month with new clients for its COLLINE^® collateral management software. In addition, the Company has signed an extension to its existing COLLINE contract with a German bank to include Central Counterparty Clearing (“CCP”) functionality.

The new clients are a leading custodian bank in the United States, Bank für Arbeit und Wirtschaft AG in Austria (“BAWAG”) and a leading Swedish financial institution.  The contract extension is with Dekabank in Germany.  The four deals will bring combined estimated first year revenues of £1.1million. John Wisbey, CEO of Lombard Risk, commented: “We are delighted to have won the additional contracts for COLLINE with these prestigious firms.  The addition of Repo and Securities Lending modules to COLLINE was a major factor in winning one of these deals and we believe these modules will allow us to generate useful additional revenue in the coming year. We expect to be able to name the U.S. custodian bank once it is live with COLLINE.  We are also delighted to have extended our reach in the German speaking world and in Scandinavia.  We now have three of the top Austrian banks and three of the top German banks as clients for COLLINE.”

COLLINE^® is a state-of-the-art, web-based solution designed by experienced business practitioners for end-to-end, cross-product (OTC derivatives, Repos and Securities Borrowing and Lending) collateral management – designed to assist firms in handling the increase in collateralised trades and meeting new regulatory demands. It provides a consolidated solution for mitigating credit risk while satisfying the growing demand for multiple/global entities, cross-product margining, Central Counterparty Clearing (CCP), optimisation, master netting, MIS reporting, dispute management and electronic messaging.

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Lombard Risk REFORM for Dodd-Frank Act Title VII, Regulation of OTC Swaps markets

• July 2012: CFTC and SEC deadlines for real-time reporting

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LONDON, 21^st February 2012: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading global provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, addresses Title VII of Dodd-Frank Act with its Dodd-Frank Act Engine solution.

The Lombard Risk Dodd-Frank Act Engine solution is designed to address Title VII “Wall Street transparency and accountability – regulation of the OTC swaps markets” issue.  This requires reporting swap data throughout the lifecycle of the trade providing real-time public dissemination (for price and volume transparency) and confidential regulatory use (to help conduct market oversight, enforce position limits and track systemic risk).  The deadline for the first set of financial products covering CDS/IRS is July 2012, with other asset classes (e.g. Equities, Commodities and FX) to follow later in the year

Lombard Risk has been working closely with several large global banks in the United States and Europe to analyse the impact of this regulation on their businesses.  As a result, Lombard Risk has developed a Dodd-Frank Act Engine solution to enable firms to meet the regulatory requirements relating to Title VII.

Nick Davies, Chief Technology Officer of Lombard Risk explains: “The regulators are demanding all information reported “as soon as technologically practicable” and there is significant focus on real-time which may cause real issues for firms with silos of data.  The Lombard Risk Dodd-Frank Act Engine is a rules-based, workflow technology and software solution that meets both real-time and event-driven reporting to the regulators, automatically collating and mapping reportable data from different source systems, keeping firms that use the solution compliant with SEC and CFTC rules and giving added benefits for internal management information and reporting.”

John Wisbey, Chief Executive Officer of Lombard Risk says: “As a result of our quality work and valued experience in the regulatory and collateral management areas with our U.S. clients, they turned to us as their solution provider to this new regulatory issue.  We do not however see this as a U.S. problem only – European regulators are on the same track, with EMIR and MiFID2, expected to be operational towards the end of 2013, and our technology is designed with that in mind.  The Dodd-Frank Act regulations affect European and other foreign banks in the U.S. that are active in derivatives and, as the top supplier of regulatory reporting solutions to foreign banks in the U.S., we believe we are best placed to serve our clients’ needs.”

Margaret Bailey, Director, Sales – Americas, at Lombard Risk, who is responsible for the Dodd-Frank Act program, adds: “Our solution has been getting deep traction due to the complex nature of the reporting and our reputation as experts in this field.”

Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, announces Ghana Bank International plc’s (GHIB) replacement of its legacy regulatory reporting system with Lombard Risk’s REPORTER to meet regulatory demands.

GHIB selected REPORTER, Lombard Risk’s regulatory compliance solution, to automate the firm’s regulatory reporting by interfacing to the bank’s Temenos T24 core banking system. The execution of the regulatory calculation pertaining to GHIB’s business lines for Capital, Liquidity, Large Exposures and Statistical reporting, has allowed for accurate generation and submission of the reports which meet the FSA, Bank of England and HMRC regulatory requirements.

It was necessary to replace the existing system at GHIB when it became apparent that it could not meet the new demands of the FSA’s liquidity regime which came out in 2011. With more regulatory changes imminent, including COREP, FINREP and Basel III, the bank decided to implement a strategic solution now in order to keep in line with the ever-evolving regulatory environment.

Mark Arthur, Senior Manager of Ghana International Banks says “Lombard Risk provided a professional service which ensured that our project objectives were fully met and were delivered on time and to budget. Consequently we have already seen significant return-on-investment.  REPORTER is perfectly suited to our technology needs and seen as the strategic regulatory solution by the bank.”

Mark Jeffrey, Principal Consultant, Lombard Risk, who led the successful implementation, says “Lombard Risk consultants worked closely with GHIB to achieve mutual objectives and we are delighted that GHIB are receiving the full benefit so soon. As a result of automating their regulatory reporting through REPORTER, the bank’s processes have been streamlined which has provided them with significantly enhanced data analysis and sophisticated ad-hoc management reporting.”

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LONDON, UK – 19^th December 2011: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, announces that it has acquired the regulatory reporting business of SOFGEN for a total consideration of
US$ 4,250,000 payable in a combination of cash, loan notes and equity.

The acquired business is profitable, and in addition the Board expects appreciable revenue synergies over and above the sum of the two businesses at present. The equity component of the transaction will be satisfied by SOFGEN subscribing for 2,327,556 new shares in Lombard Risk at 11.75p, the price prevailing on the date on which a letter of intent was signed. Application has been made for the admission of these new shares to AIM. Following the transaction the number of Lombard Risk shares in issue will increase from 206,926,786 to 209,254,342.

• The RNS relating to the acquisition as published on the London Stock Exchange

The main part of the business acquired, which in the past was known in the U.S. regulatory market as IDOM USA, is the United States and Canada regulatory reporting product REG-Reporter^® which has a very strong client base in North America including top banks such as Bank of America and Royal Bank of Canada.

The transaction will make Lombard Risk:

• The top provider of regulatory reporting products to foreign banks in the United States
• The third largest provider (as measured by assets reported on, not number of institutions) of regulatory reporting to domestic banks in the United States after FIS and Jack Henry
• and with a bigger presence than all of Lombard Risk’s international competitors combined.

Lombard Risk already has a major business in regulatory reporting through its existing REPORTER product which is used globally including in the United States.    The combined business now has over 250 clients for bank regulatory reporting around the world.   Lombard Risk has the largest market share of any regulatory reporting product used by banks in the United Kingdom – with around 130 UK clients.

As well as the UK and the Americas, Lombard Risk also has extensive coverage of Asia Pacific markets with regulatory reporting solutions in use in Singapore, Hong Kong, Japan, Indonesia, Thailand and other Asian countries.  Lombard Risk recently announced a contract win for Chinese regulatory reporting, and has Indian and Korean regulatory reporting under development.

Lombard Risk also has products live for liquidity reporting and regulatory stress testing, and is becoming the vendor of choice among top banks for its COLLINE^® collateral management and clearing product. Regulatory initiatives such as Dodd-Frank have already won business for the company.

Commenting on the acquisition, John Wisbey CEO of Lombard Risk said: “This is an important strategic breakthrough for us, as it gives critical mass in the North American market place, both for foreign and domestic banks in the United States.  We already had this for collateral management but we now have it for regulatory reporting. The REG-Reporter business and its management are well respected in the market, and it has built an impressive and very loyal client base.  As the market moves away from having multiple suppliers in different countries, this acquisition will allow us to serve our global clients better with much more ability to conclude deals in multiple countries and continents. We understand this business and its business model extremely well, so we are absolutely ‘sticking to the knitting’ with this acquisition.”

Vincent Raniere, who, following the acquisition, will be Managing Director and Head of Regulatory – Americas for Lombard Risk, commented: “My team and I are very pleased for REG-Reporter to have the backing of a global software company which understands regulatory reporting so well.   Our technology team will have access to a much deeper technology organisation which is already very experienced in regulatory requirements, web technology, XBRL, workflow and the requirements for fast and scalable performance, while at the same time we will have the ability to extend our international reach greatly and to offer more international regulatory services to our U.S. clients”.

Asia Pacific reporting hub: Singapore, Hong Kong, Japan, Indonesia and China

Meets CBRC, SAFE and PBOC regulatory demands in China

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LONDON, England – 30^th November 2011: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, announces an international financial services provider’s decision to expand its use of Lombard Risk’s regulatory reporting solution, REPORTER, to meet its regulatory obligations in China.

The group has a widely distributed user base with multiple branches across Asia.  After successfully completing the replacement of a core banking system and creating a powerful data warehouse in Singapore, they reviewed the range of regulatory submission processes that were in use at several branches (Hong Kong, Japan, Indonesia, Singapore and Shanghai) and selected Lombard Risk to provide an automated and standardised solution across its regional operations.

Lombard Risk’s regulatory solution for Shanghai will meet the three key regulators’ demands in China: CBRC, SAFE and PBOC – enabling the firm to prepare reports for its “full bank branch” operations in China.   The submissions to the Chinese regulators have previously been made through a combination of manual processes and spreadsheets, and Lombard Risk’s REPORTER solution will automate this process by calculating the returns using data in the Asia Pacific data warehouse ‘hub’ in Singapore and submitting them electronically.

William Tong, General Manager Asia Pacific, Lombard Risk explains: “The firm recognised the burden placed on its operations to monitor the regulators’ demands (which are on the increase post financial crisis), collate the data from multiple internal systems, calculate the information required and generate and submit the reports.  The firm is streamlining and automating processes across the whole of their operations, and Asia Pacific branches will enjoy accurate and timely regulatory submissions from Lombard Risk’s REPORTER solution.”

John Wisbey, CEO of Lombard Risk, commented: “Lombard Risk has an important commitment to Asia, with our development centre in Shanghai and more than 130 people employed in the region. We have invested heavily in regulatory reporting in Asian countries and Chinese regulatory reporting is an important addition to our portfolio. As well as our country specific solutions in individual Asian countries, we aim to be the regional supplier of choice for international banks in the region, as we are in this case.”

Lombard Risk has had a long history of business in Asia, since 1989. It has 3 office locations in Asia, with more than 130 employees: Sales / Support offices in Hong Kong and Singapore, and a sizeable R&D centre in Shanghai headed up by Nick Davies, CTO.  Lombard Risk has an extensive client base, many with multi-country implementations, enjoying global solutions and local knowledge.

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Contact: Tel: +44 (0)20 7593 6700.  Rebecca Bond – Group Marketing Director – Rebecca.Bond@LombardRisk.com

• A jump of 15 places in Chartis report
• “leading the supplier table” in Association of Foreign Banks MIS survey
• 10% increase in revenue published in interim report

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LONDON, England – 15^th November 2011: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, acknowledged by analyst and industry body surveys - and growth reflected in firm’s interim reports.

Two key market-recognised annual surveys – Chartis and AFB – acknowledged Lombard Risk’s significant role in providing financial institutions around the world with integrated risk and regulatory solutions: COLLINE collateral management, LISA liquidity analysis, REPORTER and MIS regulatory and management information.

Chartis Research’s RiskTech100 2011 report, a comprehensive annual study of the top global technology firms active in risk management, describes Lombard Risk as a “significant riser” as it moves 15 places up from last year.  Register for the full report from Chartis

This follows a report from the Association of Foreign Banks (AFB) Management Information Systems (MIS) survey which placed Lombard Risk at the top of the supplier table for regulatory reporting systems.  Download the full report online / read press release.

Lombard Risk attributes this rise to the firm’s steady organic growth, with its integrated risk and regulatory product range being key contributors. John Wisbey, Chief Executive Officer, explains: “Lombard Risk has achieved this rise in ratings purely through organic growth, whereas several other vendors have seen their ratings rise only due to acquisitions which will inevitably take time to integrate.  

We have remained very focused through the year and have benefited from our ability to expand our global operations and launch new integrated and web-enabled risk and regulatory product offerings. This positions us well for the changes that are happening in the market driven in many cases by regulatory change in the US, Europe and other parts of the world.”

The financial market is still unsettled and faced with more risk management and regulatory compliance challenges ahead, which require good technology despite pressure on overall budgets.  Lombard Risk has seen considerable growth and expansion, providing systems to global financial institutions for collateral management, liquidity analysis, regulatory and MIS reporting.  Lombard Risk’s integrated, web-based product suite was announced in August 2011 and significant sales of both risk and regulatory solutions have resulted in positive interim results.  Interim reports available online.

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Lombard Risk are key sponsors of the 2012 Banking Risk & Regulation Forum – organised by the Centre for Financial Professionals CFP Events being held on February 8th 2012.

A one day executive forum addressing how financial institutions can better link business strategy to risk and capital management.

Strategic and analytical interpretation, adoption and implementation of Basel III, European and national regulations.

Lombard Risk will be presenting a user case study to illustrate its solution for regulatory and management information reporting solutions to meet the ever-increasing demand to have firm-view oversight of a financial services operation.

For more information visit the organiser’s website

LONDON, England – 11^th November 2011: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry is declared leading supplier by the Association of Foreign Banks (AFB).

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The MIS survey carried out by the Association of Foreign Banks placed Lombard Risk at the top of the supplier table for regulatory reporting systems.  This survey, which was sponsored by Oracle, was presented at the AFB Operations Conference in September and feedback indicates that their members are making progress towards meeting the new demands of management and regulators.  Find out more about the Association of Foreign Banks and download the full report online.

James Philips, Director of Regulatory Strategy at Lombard Risk, comments: “Regulations continue to increase, and are not going to disappear.  Last year the FSA’s liquidity regulations had to be met and Lombard Risk helped over 30 UK firms meet those with a combination of its integrated stress testing and regulatory reporting solutions: LISA and REPORTER. Institutions in the UK, Europe and internationally are now faced with more liquidity and capital monitoring and reporting under Basel III, including for example the new pan-EU COREP template following CRD IV.   Firms that implemented our solution for liquidity requirements will benefit from additional stress tests and reports from us to meet Basel III requirements as they are agreed.

Firms that are struggling to meet last year’s regulatory demands are going to find it even harder to meet new ones in the coming period, especially as data quality issues make “whole-firm” view all the more challenging to achieve.  

Furthermore, it’s not just banks and investment firms that are faced with increased regulation – insurance firms have Solvency II to deal with, and broker dealers and other investment firms need to gear up for MiFID 2.  Lombard Risk’s REPORTER solution delivers answers to regulatory automation problems, and also meets operational demands for increased straight-through-processing and the elimination of spreadsheets.”

James Phillips is presenting on Basel III issues faced by banks at the 3^rd in the series of Lombard Risk’s Business Breakfast Briefings on Thursday 24^th November at the British Bankers’ Association in London. Full agenda and online registration.

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• COLLINE : a complete end-to-end collateral management solution for proactively managing collateral across the organisation 

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LONDON, UK – October, 2011: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management, liquidity and regulatory reporting solutions for the financial services industry, announces that one of the largest financial services providers in Central and Eastern Europe – Erste Group Bank AG – has selected COLLINE® as its strategic collateral management solution. This important contract further extends Lombard Risk’s growing customer base in EMEA, and in particular in the German-speaking region.

Erste Group was founded in 1819 as the first Austrian savings bank (“Erste oesterreichische Spar-Casse”).  In 1997, Erste Group went public with a strategy to expand its retail business into Central and Eastern Europe (CEE).  Since then Erste Group’s customer base has grown through numerous acquisitions and organic growth from 600,000 to 17 million. 95% of all clients are citizens of the European Union. The EU membership gives the countries of the region a stable regulatory framework that supports their economic development.  Today Erste Group is one of the largest financial services providers in Central and Eastern European terms of clients and total assets.  It has always focused on retail and SME banking.

COLLINE® is a state-of-the-art, web-based solution designed by experienced business practitioners for end-to-end, cross-product collateral management.  It provides a consolidated solution for mitigating credit risk while meeting the growing demand for multiple global entities, cross-product margining, Central Counterparty Clearing (CCP), MIS reporting and electronic messaging.

Erste Group has decided to use the Lombard Risk’s COLLINE system to increase efficiency and have the possibility to manage its OTC collateral operations more effectively.  Lombard Risk’s COLLINE solution was chosen after a detailed selection process where it had to compete with the top products on the market.  The system and the vendor have been selected because their system fulfilled all of Erste Group Bank AG’s functional and technical requirements, having good references from existing clients and at the same time being cost efficient in implementation and running operation.

Adam Zentai, Head of Risk Management and Business Support, Group Capital Markets commented:  “Erste Group will benefit from the new collateral system in having a state-of- the-art collateral management tool that allows for efficient and precise exposure and margin calculations and, through a high degree of possible automation, decreases the operational risks incurred in a manual margining process.”

Martin Heraghty, Sales Director EMEA commented: “Lombard Risk is very pleased to welcome Erste Group Bank AG to its ever-growing customer base. COLLINE is already well established in EMEA and in particular the German speaking region and this strategic win will help us grow this part of our business even further.“

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Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, announces a major extension to its contract with a Tier 1 German bank to add Central Counterparty Clearing (CCP) functionality to the Bank’s existing use of COLLINE for global collateral management. This anticipated contract is expected to generate revenues of around £1 million in the first two years and contribute to future years.

COLLINE is a state-of-the-art, web-based solution designed by experienced business practitioners for end-to-end, cross-product collateral management – required by firms to handle the increase in collateralised trades and meet new regulatory demands.  It provides a consolidated solution for mitigating credit risk while meeting the growing demand for multiple/global entities, cross-product margining, Central Counterparty Clearing (CCP), MIS reporting, dispute management, optimisation and electronic messaging.

The bank will add its use of CCP functionality to its worldwide use of Lombard Risk’s COLLINE system.

John Wisbey, CEO of Lombard Risk, commented: “We are delighted to expand our relationship with this valued Tier 1 German bank client for COLLINE.  We now have top clients from both the sell side and the buy side using COLLINE with Clearing/CCP functionality as well as our new advanced MIS Reporting module.   Two of the most active trading banks in Europe are relying on us not only for managing their collateral worldwide but also for the evolution into Clearing, post Dodd-Frank and other regulatory developments.”

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Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management, liquidity and regulatory reporting solutions for the financial services industry, announces a major extension to its contract with a Tier 1 German bank to add Central Counterparty Clearing (CCP) functionality to the Bank’s existing use of COLLINE for global collateral management. This anticipated contract is expected to generate revenues of around £1 million in the first two years and contribute to future years.

COLLINE is a state-of-the-art, web-based solution designed by experienced business practitioners for end-to-end, cross-product collateral management – required by firms to handle the increase in collateralised trades and meet new regulatory demands.  It provides a consolidated solution for mitigating credit risk while meeting the growing demand for multiple/global entities, cross-product margining, Central Counterparty Clearing (CCP), MIS reporting, dispute management, optimisation and electronic messaging.

The bank will add its use of CCP functionality to its worldwide use of Lombard Risk’s COLLINE system.

John Wisbey, CEO of Lombard Risk, commented: “We are delighted to expand our relationship with this valued Tier 1 German bank client for COLLINE. We now have top clients from both the sell side and the buy side using COLLINE with Clearing/CCP functionality as well as our new advanced MIS Reporting module.  Two of the most active trading banks in Europe are relying on us not only for managing their collateral worldwide but also for the evolution into Clearing, post Dodd-Frank and other regulatory developments.”

About Lombard Risk – www.lombardrisk.com (London Stock Exchange: LRM)

Lombard Risk enables firms in the financial industry significantly to improve their approach to managing the risk in their businesses.   Founded in 1989 and headquartered in London, Lombard Risk has offices and representation in New York, Shanghai, Hong Kong, Luxembourg, Singapore and South Africa.   Our clients include banking businesses – over 20 of the world’s “Top 50″ financial institutions – almost half of the banks operating in the UK, as well as investment firms, asset managers, hedge funds, fund administrators and large corporations worldwide.

The Lombard Risk solution suite is developed and supported by an extensive team of risk and financial experts and includes:

COLLINE® – collateral management and clearing.  A state-of-the-art, web-based solution designed by experienced business practioners for end-to-end, cross-product collateral management.  It provides a consolidated solution for mitigating credit risk while satisfying the growing demand for multiple global entities, cross-product margining, Central Counterparty Clearing (CCP), MIS reporting, dispute management, optimisation and electronic messaging.

REPORTER® – regulatory reporting.  A fully scalable solution for regulatory compliance at branch and/or head office level and with global coverage.   Fully supports key supervisory computations (including capital adequacy (Basel II and III) and large exposures) and integrates with LISA for stress testing and scenario analysis – now part of the regulatory scene.
Powerful and streamlined integration to multiple source systems enabled by the ETL functionality.

MIS Reporting-  a flexible and easy-to-use module for reporting across the Lombard Risk product range AND with external sources.  Provides valuable Business Intelligence by combining risk and regulatory information in reports or on-screen dashboards, enabling well-informed business decisions to be made with confidence.

LISA® – scenario analysis and stress testing.  LISA® satisfies the latest liquidity risk management requirements and supports growing regulatory demands for timely and reliable information.

The Lombard Risk software solution suite also includes OBERON trade capture and valuation, FIRMAMENT credit and equity valuation and DETECTOR AML and customer due diligence.

“View from the top”: collateral panel with Securities Lending Times – September 2011, Ben Wilkie, Editor

How has collateral management and optimisation developed over recent years, and what are the trends for the future?

Lombard Risk collateral specialist Martin Wingate shares his views in the Securities Lending Times panel discussion.

Read the SLT collateral management panel’s views

Lombard Risk announces new version of regulatory reporting solution

• Version 5 of STB-Reporter: web-based with stress testing and MIS

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LONDON, UK – 6^th September 2011: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, announces a new version of its regulatory reporting solution - using web technology, with significantly enhanced and many new features – as a key component of its integrated solution.

The increase in demand for regulatory compliance post financial crises is a major challenge for firms around the world.  Lombard Risk’s regulatory reporting solution meets those requirements, automating the process end-to-end from data collection to electronic output.  The Lombard Risk regulatory reporting solution is used by more than 250 firms around the world; over 40% of the UK-based financial institutions use it to submit FSA and Bank of England returns; and last year Lombard Risk saw 30+ firms use its regulatory reporting, with LISA for liquidity scenario analysis, to meet the FSA’s tough new liquidity regulations.

John Wisbey, CEO of Lombard Risk says “We have listened very carefully to our 250+ large and small clients alike in various countries, and to other firms that are looking for a robust, multi-country reporting solution architecture to cope with all the regulatory change that is occurring.  This enhanced, web-based version is driven by our own vision of modern regulatory reporting, and addresses the major business issues raised by the many firms we have talked to. Our aim is that no serious firm that is looking at regulatory reporting, whether in one country or across multiple jurisdictions, can leave us off their shopping list”.

Nick Davies, CTO of Lombard Risk says “Implementing our roadmap vision using industry tried and tested web-based workflow technologies, Lombard Risk has taken the best of what made STB-Reporter V4 one of the world’s most installed regulatory platforms on a global basis, and has created its next- generation web platform that not only addresses new drivers but reduces total cost of ownership and significantly improves return on investment.   The Lombard Risk solution will ensure that our clients  have all the information they need to prevent submission issues with their regulators, regardless of the country, and that direct bottom line impact is reduced in an ever increasing complex regulatory landscape.”

Lombard Risk’s new web-based regulatory compliance solution, which was recently shown to 100 invited guests at the British Bankers’ Association, provides regulatory reporting, stress testing and scenario analysis together with management / business information on a fast, flexible and fully-integrated web platform.  The new solution has been developed in direct response to the increasing and changing demands of global regulators for transparency and insight into firms’ operations at a detailed level – and will enable them to meet these requirements with confidence.

The new version includes:

• New – Dashboards: providing supervisory information for management oversight of regulatory submission risk at branch/regulator level
• New – Activity centre: an operational ‘to do list’ – to maintain focus on prioritised submission activities
• New – Analysis centre: providing transparency through KPI and KRIs on transaction and regulatory data and inter-submission period variance reporting
• Enhanced regulatory return module: multi-lingual, user validation, GU interface to highlight irregularities and ability to trace and map through the entire ETL/transformation process
• New – Workflow designers: fully configurable to automate business processes (e.g. for data source collection, repair and transformation; and return approval and submission)
• Straight-through-processing: meeting the demand from regulators to streamline processing, using rules to auto-approve key stages of the submission process in line with the workflow.
• More – regulatory accelerator packs: collections of templates, maps and rules (per regulator) that reduces client resource needs and cost, and shortens project timelines in delivering new or changed regulatory returns – leading to a higher ROI.
• New – computational engines: dedicated calculation components that provide targeted and efficient transformation of complex data processes (e.g. capital analysis and liquidity)
• Expanded enterprise data model – a regulatory-agnostic, multi-level chart of accounts  to store financial and transaction data originating from a firm’s multiple source systems, which allows any reports to be generated – reducing change complexity
• Exception-based management – driving operational focus to the resolution and remediation of exceptions that are creating submission risk via the activity centre
• Enhanced ETL tool – to simplify the transfer of information from source systems for regulatory and management information reporting

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­­­­­­­­­­­­­­­­­­­­­­­Contact: Tel: +44 (0)20 7593 6700

Rebecca Bond                   Group Marketing Director            Rebecca.Bond@LombardRisk.com

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LONDON, England – 12^th August 2011: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, announces latest release of COLLINE collateral management solution with combination of enhanced and new features.

COLLINE is a state-of-the-art, web-based solution designed by experienced business practitioners for end-to-end, cross-product collateral management.  It provides a consolidated solution for mitigating credit risk while meeting the growing demand for multiple global entities, cross-product margining, Central Counterparty Clearing (CCP)and MIS reporting.

Lombard Risk releases COLLINE software updates containing new and enhanced features and functionality approximately twice a year.   The development roadmap is designed to meet new market demands and those identified by the users.  Users will be given a further opportunity to discuss their new requirements at this year’s European and US COLLINE User Groups to be held in October.

The latest version (V 11.1) of COLLINE contains the following functionality:

• Scenario analysis: the ability to forecast the impact on collateral liquidity arising from credit rating up/downgrades.
• Master Netting at fund level: allowing consolidation at fund manager level of individual fund margin calls – for greater efficiency, transparency across funds, enhanced client reporting and control.
• Convenience Margining: allowing users to net margin calls across different asset classes (e.g. OTC and Repos) – reducing the number of margin calls issued, providing a consistent and efficient workflow mechanism for clients, delivering a transparent risk overview across asset classes and enhancing client service.

-          Master Netting and Convenience Netting further enhances the existing COLLINE portfolio margining

• Settlement Risk Management: collateralising settlement risk by retaining the exposure on matured trades until the final fee proceeds settle – to provide a ‘true’ view of exposure
• Enhanced rule-based approval processes: adding additional levels of authorisation to collateral bookings meeting certain criteria (i.e. ‘four-eyes control’ on collateral bookings that exceed agreement-defined conditions)

-          Smaller collateral movements may be processed with minimum authorisation or Straight-Through-Processing (STP) with exception-based interaction can be achieved if required.

• A new, single-screen workflow: for processing bulk collateral and transfer bookings – making it faster and more efficient for users to book multiple collateral movements.
• Enhanced Exposure Management functionality: enabling users to create bespoke workflow views that reflect their individual business requirements.

Joanne Coe, Director Product Consulting COLLINE at Lombard Risk, comments: “The enhanced and new COLLINE functionality would enable users to assess the business impact of market issues as they arise – such as the downgrading of the United States’ credit rating by S&P that recently took place – by enabling users to quickly access recalculated information indicating potential collateral deficits and funding requirements. The workflow efficiencies and Master Netting capabilities enable users to manage increased volumes as typically seen in times of a stressed market.”

­­­­­­­­­­­­­­­­­­­­­For further information contact:
Rebecca Bond Group Marketing Director
Email: Rebecca.Bond@LombardRisk.com - Tel: +44 (0)20 7593 6700

Collateral management was once a lesser known, back-of-an-envelope activity. It has now assumed an important seat at the dinner table of effective risk management, with both the number of agreements and the volume of collateral held therein increasing exponentially over the last few years. This paper explores latest developments in this area, with particular focus on current challenges and favoured solutions.

Helen Nicol, collateral expert and Product Director of COLLINE at Lombard Risk, will be presenting at the event on the first day (Wednesday 21^st).   Her presentation will be on a topical issue related to collateral management, and include real-life examples of how firms already using COLLINE have advanced their collateral operations whilst addressing these issues.

Other Lombard Risk business experts will be on hand at the accompanying exhibition throughout the event to discuss your collateral management issues.

If you would like more information from us on this event, please contact Rebecca.Bond@LombardRisk.com (Group Marketing Director)

Event details

Global institutional investors, private banks, insurance companies and proprietary traders attend this annual event as it is a platform to meet the leading players both in and outside Asia and gain hard-to-get and useful business intelligence about the opportunities that lie within the Asian collateralised finance markets.

The event is being held at the Harbour Grand, Hong Kong >>

For more information on the event, visit the organiser’s website >>

Download the Collateral Management & Securities Financing brochure

LONDON, UK – 12th July 2011: Lombard Risk Management plc (LSE: LRM) (“Lombard Risk”), a leading provider of integrated collateral management, liquidity and regulatory reporting solutions for the financial services industry, announces a major global contract with another tier one bank – Société Générale – for its COLLINE collateral management solution. This major contract is expected to generate revenues of more than £2m in the first two years and contribute to future years.

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COLLINE is a state-of-the-art, web-based solution designed by experienced business practitioner for end-to-end, cross-product collateral management. It provides a consolidated solution for mitigating credit risk while meeting the growing demand for multiple global entities, cross-product margining, Central Counterparty Clearing (CCP), MIS reporting and electronic messaging.

Société Générale Corporate & Investment Banking will use Lombard Risk’s COLLINE system to handle its global collateral management operations in 6 countries across Europe, the Americas and Asia. The bank has licensed the full suite of collateral management modules to create a solution that covers all the financial product sectors (i.e. OTC derivatives, Repo and Securities Lending) and has full Clearing and MIS Reporting functionality.

John Wisbey, CEO of Lombard Risk, commented: “We are delighted to have Société Générale as another tier one client for COLLINE and our first tier one client for our new advanced MIS Reporting module. Two of the most active trading banks in Europe have now chosen COLLINE to manage their collateral worldwide”.

LONDON, UK – 29th June 2011: Lombard Risk Management plc (LSE:LRM) (“Lombard Risk”), a leading provider of integrated collateral management, liquidity and regulatory reporting solutions for the financial services industry, today announces 2 key business appointments to the COLLINE collateral management team.

Elaine MacAllan, who has over 10 years’ experience managing Repo and Securities Lending and OTC Collateral, Prime Brokerage Margin and Portfolio Reconciliation, joins from Credit Suisse where she held a Senior VP role in the Collateral Department. Elaine joins the team to direct the further development of Repo and Securities Lending functionality in the Lombard Risk COLLINE solution as firms look to optimise their collateral management processes and improve risk management by replacing silo solutions to gain oversight across business lines.

Martin Wingate joins from Daiwa Capital Markets Europe where he worked for 6 years as Head of OTC, Securities Lending and Repo Collateral Management. Martin’s in-depth knowledge and hands-on experience brings an extensive understanding of the business issues that firms face and will enable him to explain the benefits of having an effective collateral management solution. Martin used COLLINE at Daiwa.

Helen Nicol (nee Bramley), COLLINE Product Director, explains: “the addition of Elaine and Martin to the team strengthens the core collateral expertise upon which COLLINE is built, and develops the “one system” approach to enterprise-wide collateral management”.

The appointments coincide with an imminent release of COLLINE, Lombard Risk’s automated collateral management solution. It includes new functionality to meet the market’s current and future demands for a consolidated solution: