Lombard Risk MAS 610 Regulatory Reporting
The Monetary Authority of Singapore (MAS) is finalising the most important reporting overhaul for many years, massively impacting reporting processes and data demands. Banks must meet the new reporting infrastructure, substantial new level of data granularity and recast their regulatory reporting process.
Lombard Risk helps firms achieve the huge step-up demanded by MAS 610/1003. We provide implementation of the new requirements, data gap analysis and creation of the process, plus the governance framework needed. Working with Lombard Risk, banks achieve planning, project execution and roll-out. Lombard Risk AgileREPORTER enables Singapore banks to automate MAS regulatory reporting as a strategic, future-proofed solution, and to meet the new data reporting infrastructure to be implemented by MAS.
The Lombard Risk AgileREPORTER web-based process automation solution manages data and computation requirements for MAS 610 and 1003 reporting recast, plus provides:
• Embedded regulatory reporting production process, reducing risk
• Comprehensive view of reporting status, trend & change analysis
• Single solution for end-to-end reporting, streamlined workflow &
MAS requirements implementation timeline
Nimoh Mohankumar, Asia Pacific Business Development Director, Lombard Risk, discusses MAS 610 proposed changes, and what this means for banks.