Lombard Risk announces “REFORM™ for transaction reporting” went live and enabled firms to meet February 28th Dodd-Frank Act Title VII regulatory deadline for FX, commodities and equity asset classes.

• 28th February 2013: deadline of Dodd-Frank Act for FX, commodities and equities

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Download a brochure on Lombard Risk REFORM for transaction reporting solution HERE >>>

Join Lombard Risk business matter experts at an online business briefing (webinar) on these regulatory issues on 17th April 2013.  Find out more HERE >>>

Dodd-Frank Act (Title VII) Wall Street transparency and accountability is regulation by the CFTC and SEC for the better management of OTC swaps markets.  European Market Infrastructure Regulation (EMIR) and Markets in Financial Instruments Directive/Regulation 2 (MiFID/R2) are other jurisdictional equivalents, and will become operational in due course, as will various Asian regulatory initiatives, for example by the Hong Kong Monetary Authority.

Financial institutions are required to report details of specific trades to the appropriate trade repository and notify of any amendments for the duration of the trade.  All information is required to be reported “as soon as technically practicable”, from T+15min to T+1day.

Lombard Risk launched REFORM in July 2012 to meet the above requirements and provide firms with real-time global transaction processing and reporting to multiple swap data and trade repositories, ensuring transparency of processes and keeping firms compliant.

Lombard Risk has been working with several financial institutions to implement REFORM for transaction reporting for Dodd-Frank Act AND European Market Infrastructure Regulation (EMIR), the European equivalent to Dodd-Frank, integrating multiple front office trading systems and reporting swap data to the DTCC global trade repository – with acknowledgements from the DTCC and reconciliation of client trade book.

Timetable:

• 12th October 2012: Dodd-Frank Act effective reporting date for Interest Rate and Credit Swaps
• 28th February 2013: Dodd-Frank Act effective reporting date for FX, Commodities and Equities asset classes
• 15th March 2013: EMIR adopted technical standards were published in the Official Journal on 23rd February 2013 and entered into force on 15th March 2013
• 23rd September 2013: EMIR reporting start date (interest rate and credit derivatives) if a trade repository is registered for these asset classes
• 28th February 2013: deadline of Dodd-Frank Act for FX, commodities and equities

Join Lombard Risk business matter experts at an online business briefing (webinar) on these regulatory issues on 17th April 2013.  Find out more and register online HERE >>>

U.S. market share continues to grow

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London, UK – 25^th February 2013: Lombard Risk Management plc (LSE: LRM), a leading provider of integrated collateral management and liquidity, regulatory, transaction and MIS reporting solutions for the financial services industry, is pleased to announce Richard L Ferrari joining as Managing Director, Americas and Cliff van Tonder as Director of Global Alliances.

John Wisbey, Chief Executive Officer, Lombard Risk commented: “Any serious technology company needs to have a strong presence in North America, and our growth experienced in the U.S. marketplace is quite notable – currently we are the largest provider of bank regulatory reporting for foreign banks in the US, and the third largest for US domestic banks.”

Mr. Wisbey further added:  “To further strengthen our market position in North America, we recently introduced several new solutions as well as add on modules to our existing products which have been receiving strong accolades.  Quality management and further development in this region will be key to our continued success.”

Richard L Ferrari joins as Managing Director, Americas in New York to manage the ongoing expansion of Lombard Risk in North America.  Rick is a seasoned technology executive with more than twenty years’ experience in enterprise sales and marketing.  He has a strong financial technology background in risk management, operations, trading and back office and a proven track record of delivering results for businesses providing risk and regulatory solutions to financial institutions around the world, including: FRSGlobal, now part of Wolters Kluwer; Calypso; Infinity/SunGard, where he was MD, Americas of the Credient credit product; Misys and Comshare.

Cliff van Tonder rejoins Lombard Risk in a newly created role as Director of Global Alliances to identify, forge and manage mutually beneficial strategic partnerships globally.  Strategic alliances play an important role in Lombard Risk successfully providing and supporting risk and regulatory solutions around the world.  Cliff has held a number of senior executive positions and has extensive global experience within the banking and B2B technology sectors.  He returns to Lombard Risk from SOFGEN where he had responsibility for all aspects of European operations, including central Asia and Russia.

Second major building society in a matter of weeks to replace its incumbent regulatory reporting system with REPORTER

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London, UK – 21^st February 2013: Lombard Risk Management plc (LSE: LRM), a leading provider of integrated collateral management and liquidity, regulatory, transaction and MIS reporting solutions for the financial services industry, is pleased to announce that the West Bromwich Building Society has selected Lombard Risk REPORTER to automate their regulatory reporting.

REPORTER is a fully scalable regulatory compliance solution widely used by building societies and banks throughout the UK.  The system keeps pace with regulatory requirements, automating end-to-end from data collection to electronic output, so providing the ideal solution for all automated regulatory reporting requirements.

The West Bromwich Building Society is a leading regional building society based in the West Midlands, and the 6th largest in the UK with more than 500,000 members.

John Wisbey, Chief Executive Officer, Lombard Risk stated:
“West Bromwich represents the second major building society since the New Year to move to REPORTER and we are delighted to have them as our newest client. 

Adherence to the new EBA Common Reporting COREP regulations, including Large Exposures, Liquidity Coverage and Net Stable Funding, as well as existing FSA and Bank of England reporting is a major challenge for financial institutions of all sizes.  

With our solution clients can be assured of compliance knowing that Lombard Risk is committed to being the global leader in regulatory reporting.”

Robin Bridge joins Lombard Risk from Logica/rFRAME as director of regulatory compliance

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Robin Bridge joins Lombard Risk in the role of director of regulatory compliance, as part of the senior management team responsible for the highly successful regulatory reporting solution REPORTER, used by more than half of UK banks to meet local regulatory demands, especially the latest EBA Common Reporting (COREP).

John Wisbey, CEO, Lombard Risk says: “Robin Bridge joining as a director of our regulatory compliance business further strengthens our senior team for that business. He has immense experience of the regulatory reporting world from his time at CMG and Logica, and adds to the management depth of our team in Europe at a time when there has been and is likely to be a lot of change on the regulatory front. We are delighted he has joined.”

Robin Bridge, Director Regulatory Compliance comments: “Banks are experiencing significant change – particularly in the area of regulatory compliance – and I am pleased to be joining Lombard Risk whose suite of products is well-positioned to enable firms to meet this ‘new world’.

Firms need reliable yet flexible solutions to cope with the ongoing change, and I will be working with the team at Lombard Risk to provide those. ”

Robin has more than 30 years’ experience in product development, project and programme management, the majority of which has been in the financial services sector. Prior to joining Lombard Risk he was with Logica for more than 13 years, where he was the line of business manager responsible for the company’s regulatory reporting solutions in the UK and Ireland, rFRAME.

• Federal Reserve Bank of NY presents
• Rich Dreiman, Bank of America, appointed user group Chairperson

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John Wisbey, CEO and Founder of Lombard Risk (right), pictured with guest presenter Kenneth Lamar, Senior Vice President, Statistics Function, Federal Reserve Bank of NY, at Lombard Risk’s regulatory compliance user group conference

Lombard Risk Management plc, a leading provider of integrated collateral management and liquidity, regulatory, transaction and MIS reporting solutions for the financial services industry, recently hosted its Regulatory Compliance User Group conference in New York City.  The user group is an organization representing banks around the country that use Lombard Risk’s innovative software to facilitate their US and Canadian regulatory reporting requirements.

John Wisbey, Chief Executive Officer, Lombard Risk commented: “With the costs of regulation being so much higher than in the past and with technology innovation greater than ever, we constantly need to strike a balance between thought leadership and giving our clients what they are looking for.”

Highlights of the user group function included:

• Kenneth Lamar, Senior Vice President Statistics Function at The Federal Reserve Bank of NY, spoke to the users on challenges in US regulatory reporting;
• Appointment of Chairperson, Rich Dreiman, Vice President at Bank of America, to the user group committee; and
• Insight into Lombard Risk’s future product design and development roadmap of the enhanced regulatory reporting solution.

Vincent Raniere, Managing Director, Regulatory – Americas & APAC of Lombard Risk commented:  “Our user group events have provided an ideal situation for users to interact with other finance and reporting professionals from various international banks and financial institutions.  Many of our clients have been utilizing our software for over 20 years; gathering at these events further solidifies our strong partnership.”

LONDON, UK – 10^th January 2013: Lombard Risk Management plc, a leading provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions for the financial services industry, is pleased to announce that one of the UK’s leading building societies has selected Lombard Risk REPORTER to create a consolidated regulatory and MIS reporting solution.

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Lombard Risk’s REPORTER is a fully scalable regulatory compliance solution widely used by building societies and banks throughout the UK. The system keeps pace with regulatory requirements, automating end-to-end from data collection to electronic output, so providing the ideal solution for all automated regulatory reporting requirements.

John Wisbey, Chief Executive Officer, Lombard Risk says: “We are delighted to welcome this important building society to our extensive client community.  Selection of Lombard Risk by this building society underlines our position as the ‘vendor-of-choice’ in this sector.  We have both the software and the experience to automate regulatory reporting for major building societies – this includes computation and reporting for retail, mortgage and treasury operations, and covers any aspect of the FSA’s and Bank of England’s requirements, ranging from statistical reporting to the liquidity regime and also mortgage reporting.”

After a thorough selection process the building society, one of the largest in the UK, identified Lombard Risk as:

• Specialists in the regulatory environment with proven experience of delivering to high volume retail firms
• Offering a “tried & tested” system with a significant and satisfied user base – and
• Providing a reliable multi-discipline solution for regulatory calculation, reporting (including MIS) and electronic submission.

Building societies are regulated by the Financial Services Authority (FSA), under the Financial Services and Markets Act 2000.  The role of the regulator is to ensure societies are run in a safe and prudent manner.  The Lombard Risk REPORTER solution was selected by the building society to enhance all of their existing and new reporting processes – including the new EBA Common Reporting COREP regulations, including Large Exposures, Liquidity Coverage and Net Stable Funding, as well as existing FSA and Bank of England reporting.

The society also recognised the value of the regulatory update service provided by Lombard Risk, which ensures that REPORTER is maintained to meet the latest regulatory requirements now and as they arise, keeping the firm compliant.  This service is provided by the team of regulatory business matter experts at Lombard Risk and included in the license agreement.

Robert Markham, Head of Sales, Regulatory Compliance – EMEA, Lombard Risk commented:  “Rapid implementation and supporting client referenceability are key selection criteria to successful financial services institutions and once more we are delighted to be selected ahead of other providers in this space.”

For more information about building societies and regulation visit the Building Societies Association website >>>

London 21st November 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, is pleased to announce ComplianceASSESSOR^TM – a powerful compliance and audit application designed to  enable  firms to determine, achieve and maintain  compliance with all applicable laws and regulations irrespective of jurisdiction.

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As a consequence of the financial crisis firms, more than ever, are faced with a plethora of regulations as governments seek to regulate as a means of protecting individual economies.   As a result, a considerable amount of management time is spent in trying to keep up with the pace of regulatory change and addressing regulatory demands, whilst having less and less certainty about the level of enterprise or departmental compliance. Regulatory risk, being the risk of non-compliance and the repercussions that may follow, is now a major challenge and of serious concern for institutions. ComplianceASSESSOR^TM has been launched to address this need.

• David Wilford joins Lombard Risk as director of compliance products

In conjunction with the launch of ComplianceASSESSOR^TM, Lombard Risk is delighted to announce the appointment of David Wilford as director of compliance products.   David has over 35 years’ experience, primarily in the areas of risk management and regulation, and will head up the dedicated ComplianceASSESSOR^TM team as its product director.  Over the last 10 years David has been involved in the interpretation and implementation of the Basel II/III Accord as reflected in the EU CRD and subsequently the FSA Prudential Sourcebooks.  He has also been advising banks on the adequacy of their risk governance frameworks to address these and other regulatory requirements and implementation issues.

John Wisbey, CEO, Lombard Risk commented: “Our clients look to us for solutions to all their regulatory needs and an increasingly important part of that is to ensure that their firm as a whole is meeting, and/or working towards meeting, all aspects of compliance.  ComplianceASSESSOR^TM has been designed to show senior management how a firm complies and continues to comply with regulations.  It addresses the new approach to supervision by providing a means of assessing the state of compliance with all applicable regulations at business unit and regulation level – irrespective of jurisdiction – and addressing deficiencies through appropriate action plans.

More importantly, dashboards and reports enable senior management to identify deficiencies in compliance anywhere within their organisation and take appropriate action, a valuable tool given the regulators’ intention to make executives collectively and individually responsible for non-compliance.”

David Wilford added: “With governments seeking to impose further regulations as a means of stabilising and protecting economies, and the regulators taking a more intrusive approach to supervision, it is clear that many compliance and audit functions will come under enormous pressure, possibly to breaking point, without investment in resources and appropriate applications.”

David is presenting “The challenges of compliance in the new regulatory framework” at the British Bankers’ Association annual risk management conference on 27th November.  Read more >>>

Join David on the Lombard Risk ONLINE seminar “Addressing regulatory risk” on 5th December.  Read more and register online >>>

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LONDON, UK – 5^th September 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, is pleased to announce delivery of European Banking Authority (EBA) COmmon REPorting solution, complete with regulatory calculations and reporting templates.

Lombard Risk REPORTER is a fully scalable solution designed for regulatory compliance at branch and/or head office level, with global coverage, with detailed supervisory computations including all Basel III capital and liquidity calculations.   Streamlined integration to multiple source systems is enabled by its rich ETL functionality, and stress testing and scenario analysis, now part of the regulatory scene, by Lombard Risk’s LISA solution. Lombard Risk is the market leader in the United Kingdom (with over 40% of the regulatory reporting market), holds a significant market share in many countries in Asia and Europe – plus (outside of simple spreadsheet solutions offered) services more banks in America than any other regulatory reporting vendor.

Lombard Risk has been providing COREP solutions to European firms since 2006. 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 the EBA COmmon REPorting requirements, COREP, and associated returns, Lombard Risk REPORTER has been released to some customers in August and is already 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 (LE)
• Liquidity Coverage (LC)
• Net Stable Funding (NSF) and
• Leverage Ratio (LR) requirements.

Deployment project 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.  Our implementation work started with Lombard Risk’s delivery of a clear brief regarding the data requirements for EBA reporting, and is now therefore moving on to receiving client data into the software, and proving computation results for client acceptance testing. Clearly, Lombard Risk will be updating our market delivery of REPORTER computation and reporting software as EBA reporting rules become finalised.   Implementations that are already under way will be significantly simpler to adjust when rules are finalised.

The work carried out to prepare for EBA COmmon REPorting will also help firms meet the January 2013 Basel III deadlines to implement best practices in relation to monitoring, stress tests and MIS.  The Lombard Risk REPORTER solution provides clients with a single, strategic, ‘open’ solution to meet ALL regulatory demands AND create a unique, central repository of regulatory-ready data from which to create management information, business intelligence and ad-hoc reports as required.

Join Lombard Risk at the 5^th in a series of REGULATORY COMPLIANCE online business briefings on 12^th September – looking at why data transparency is so important.  Visit our website for more information and to register. http://www.lombardrisk.com/events/regulatory-compliance-seminar-acheiving-transparency-as-a-regulatory-tool-online-event >>>

Visit our website for more information on the Lombard Risk REPORTER EBA COmmon REPorting solution >>>

Attendees provided valuable insight on Title VII’s global regulatory impact

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LONDON, UK – 30 May 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, on the 7^th of May participated on a panel of experts at the 2012 BAFT-IFSA Annual Conference in Miami, Florida.  The overall theme of the event was ‘Accelerating Change in Global Banking’, making Lombard Risk’s subject matter quite timely. 

Margaret Bailey, Sales Director – America of Lombard Risk, shared her insights on the potential regulatory impact that the Dodd-Frank Act Title VII will most likely have on the global banking community.

Ms. Bailey explained how two regulators – the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) – were defining a swap reporting regime to collect data from financial institutions for real-time public dissemination as well as confidential regulatory use.  The reporting regime will provide price and volume transparency as well as market oversight in order to enforce position limits and track systemic risk, with an overall goal of preventing a reoccurrence of the ‘financial crisis’.

Ms. Bailey commented: “The regulators are demanding all information reported ‘as soon as technologically practicable’ for swaps executed on and off the swap market.  There is a significant focus on ‘real-time’ which may cause ‘real issues’ for firms with silos of data.”  She continued: “The SEC has defined this as ‘real-time’, but added a caveat of ‘in no event later than 15 minutes after the time of the execution’.”

Ms. Bailey further stated:  “We do not 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.  The Dodd-Frank regulations affect European and other foreign banks in the U.S. that are active in derivatives.”

The swaps that are impacted by this regulation are defined as:

• A counterparty to a trade is a U.S. person OR
• The trade is cleared in a U.S. Derivative Clearing Organization OR
• The trade is executed on a U.S. Swap Execution Facility or Designated Contract Market

While this appears all encompassing, Ms. Bailey closed her presentation by illustrating a scenario whereby:

• “an English trader, working for a French bank, is on holiday in America, when she pops into her U.S. branch to finalize a trade between an Italian and Swiss company”

She noted: “This scenario would fall within the regulatory definition.  It wasn’t that the trade was executed with a U.S. counterparty, rather it was purely that the trader was physically IN the U.S.”

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.”

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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Distributed on Marketwire

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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