Basell Industry sectors

Basel III / European Banking Authority (EBA) Common Reporting (COREP)

Financial institutions continue to be faced with challenging new regulations. Firms in the UK face changes in the Bank of England reports, the impact of the changing role of the FSA, the EBA’s European demands – namely COREP and FINREP – and of course all the wider impacts of Basel III

  • COREP
  • FINREP
  • Large Exposures
  • Leverage Ratio
  • LCR
  • NTFR


Something about COREP (Common Reporting)

The regulator

The European Banking Authority (EBA) officially came into being as of 1st January 2011, and has taken over from the Committee of European Banking Supervisors (CEBS). It has four key objectives for regulatory reporting – to:
• Standardise European reporting requirements
• Establish a central repository for European banking data
• Facilitate peer reviews, trend predictions and risk analysis
• Enable easy data sharing

The regulations: COREP

The EBA deliverables include detailed technical standards for COREP, FINREP and various elements for the European Systemic Risk Board (ESRB).
• Its COmmon REPorting timeline is outlined in CP50/1, published 20th December 2011: CP50/1 “Draft implementing technical standards on supervisory reporting requirements for institutions”
• A 3-month consultation period ended on 20th March 2012 after which the EBA will finalise the Implementing Technical Standards (ITS), to be submitted to the European Commission for finalisation by the end of June 2012
• WHICH LEAVES A SHORT WINDOW – before implementation/reporting date of 1st January 2013

Something about FINREP (Financial Reporting)

The regulator

The European Banking Authority (EBA) officially came into being as of 1st January 2011, and has taken over from the Committee of European Banking Supervisors (CEBS). It has four key objectives for regulatory reporting – to:
• Standardise European reporting requirements
• Establish a central repository for European banking data
• Facilitate peer reviews, trend predictions and risk analysis
• Enable easy data sharing

Lombard Risk Solutions

COLLINE: automated collateral management for complete, end-to-end, cross-product management

REPORTER: regulatory reporting with extensive country coverage – to meet demands from regulators around the world

LISA: scenario analysis, stress testing, liquidity analysis

MIS: full management information reporting – providing business intelligence

OBERON and FIRMAMENT: yield curve construction in multiple currencies and valuation of derivatives and cash products.

Hedge Funds and Asset Managers take a more active role in the management of their business to respond to increased regulation, diversified portfolio strategies, and a greater degree of leveraged trading.

Market pressures

Increased demand for more operational transparency.Increasingly complex investment strategies necessitate improved risk controls.

Greater operational nimbleness is vital to respond to changing market conditions.

Lombard Risk Solutions

COLLINE: automated collateral management for complete, end-to-end, cross-product management

REPORTER: regulatory reporting with extensive country coverage – to meet demands from regulators around the world

LISA: scenario analysis, stress testing, liquidity analysis

MIS: full management information reporting – providing business intelligence

OBERON and FIRMAMENT: yield curve construction in multiple currencies and valuation of derivatives and cash products.

We offer industry-leading solutions that help our Service Providers and Custodian partners to keep up with risk management and regulatory compliance changes.

Market pressures

Pressure to differentiate and deliver more consistent service across global markets with higher margins.

Lombard Risk Solutions

COLLINE: automated collateral management for complete, end-to-end, cross-product management

REPORTER: regulatory reporting with extensive country coverage – to meet demands from regulators around the world

LISA: scenario analysis, stress testing, liquidity analysis

MIS: full management information reporting – providing business intelligence

OBERON and FIRMAMENT: yield curve construction in multiple currencies and valuation of derivatives and cash products. 

Leading companies find that Lombard Risk solutions are perfect for reducing barriers to improving risk reduction and achieving required financial compliance mandates!

Market pressures

Take control of Basel III risk.Adequate controls over the integrity of the financial reporting process of the Corporation.Sound business risk management practices.