Author: James Phillips, Head of Regulatory Strategy at Lombard Risk
Here’s a further update from the RegTech frontline, with Lombard Risk at the RegTech Rising conference over the past 3 days. Here’s my post from the opening day. We’ve had more stand-out insights from sector leaders. I have seen a sequence of quick-fire demos and presentations showcasing innovations around identity management, collaborative compliance workflow, conduct risk tools, regulatory landscape management.
As a major RegTech provider and leader in regulatory reporting, Lombard Risk is participating in RegTech Rising, the major European RegTech conference. The conference has the biggest concentration of RegTechies I have seen, with cross-industry participants: regulators, regulated, vendors, consultancies and investors. There have been some fantastic insights and debates around how the digitisation of everything from identity management to horizon management to regulatory reporting will be transformed, and faster than you may think. All this makes for the onset of friction-less regulation (not no friction, just less friction!), and will embrace artificial intelligence, machine learning, distributed ledger technology, machine readable rules, for their best outcomes. Most importantly however, irrespective of the specific technology set that underpins the delivery of the solution, RegTech is providing the opportunity for firms to experience being regulated differently. Regulators themselves also see significant upside to applying regulation differently; indeed for all parties to embrace RegTech innovations it’s a win-win.
90% percent of banks polled want greater analytics from their regulatory reporting data. Research from Lombard Risk Survey, September 2017
Banks operating in the UK are looking to accelerate the use of automated regulatory reporting in the face of increasing compliance requirements and regulation, and to make better use of regulatory data for analytical purposes.
Author: Alastair Brown, Chief Executive at Lombard Risk Management
2016 was an immense year for the markets as Brexit and the US election created shock waves across the globe. However, despite the turmoil, it is business as usual now – and as it has been for Lombard Risk’s clients and the banks, who have grappled to maintain a similar agenda since 2007/08. The truth is – that change is the new normal.
Author: Tracey Adams, Regional Head of APAC COLLINE, Lombard Risk
Considering the conceptual buzzword that ‘collateral optimisation’ was five years ago, most institutions have now recognised the scale of the post-regulation collateral challenge and have embarked on the collateral optimisation journey. Most securities lenders and borrowers will have some sort of optimisation tool to manage collateral requirements through the use of their current assets. However, there remain some significant pressure points that are stopping firms getting more from their reserves and hindering optimisation.