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5th September 2018

Early Support of PRA 110 for Regulatory Reporting Clients

Lombard Risk’s clients who have been impacted by this request are able to meet this commitment as a result of the early provision of a PRA 110 solution.

The PRA110 involves the measurement of a number of areas of liquidity risk additional to those currently captured such as Low Point Risk, HQLA Monetisation Risk etc. This will in turn involve implications for data collected and reported. For example, Retail Deposits split by more granular criteria, Retail Inflows split by Principal and Interest and greater off-balance sheet coverage of contingency items.

Lombard Risk also announced that, in addition to the fully automated, end-to-end solution, they would offer the PRA 110 on their Cloud platform for clients who required tactical assistance in this area as well as firms who were not currently regulatory clients. This will allow firms instant access to the templates together with associated validations and XBRL formatting. Lombard Risk will also make available the Review Workflow and Analytics capabilities of its AgileREPORTER platform as part of this cloud offering.

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12th July 2018

Cipav chooses Vermeg’s Soliam©solution for its new integrated financial investment management and control platform

As part of the modernization of its IT systems and the continuous improvement of its organization and internal processes, Cipav has – following a call for tenders – chosen the Soliam© software package developed by Vermeg as the internal and transactional management solution across the whole value chain of its financial investments.

There are several reasons why Cipav was looking for a management solution: firstly, to improve the transaction logging processes between the different teams of Cipav, ranging from the finance department to the accounting agency, from internal partners to external service providers; secondly, to further develop the portfolio analysis criteria based on the aspects connected with both performance and risks. All those requirements need to be managed on a single adaptable and hosted platform.

The Soliam© software meets all those requirements with its integrated front-to-back and SaaS solution, while at the same time offering additional features for analysis and monitoring of Cipav’s investments.

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20th June 2018

Leeds Building Society Selects Lombard Risk AgileREPORTER for Regulatory Reporting

Lombard Risk, a Vermeg company, the leading dedicated global provider of regulatory reporting and collateral management solutions announces that Leeds Building Society has signed a multi-year licence for Lombard Risk’s flagship regulatory reporting platform, AgileREPORTER.

Leeds Building Society is the fifth largest building society in the UK with assets of £18.5bn. It has a large finance function requiring strong workflow, robust governance and an intelligent regulatory reporting solution which gives the finance team control over the entire reporting process.

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5th June 2018

Clearstream and Lombard Risk Enhance Triparty Connectivity ahead of Initial Margin Requirements Phase 3 and beyond

Lombard Risk, a Vermeg company and global dedicated provider of collateral management and integrated regulatory reporting solutions, is enhancing its capabilities across triparty agents through a new partnership with international central securities depository and settlement and custody firm Clearstream. This cooperation comes ahead of the regulatory deadline for Initial Margin requirements Phase 3 under the European Market Infrastructure Regulation (EMIR) in September and other jurisdictions.

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KRIS Brochure

20th March 2018

KRIS: The next-generation, end-to-end integrated regulatory solution to help financial institutions automate while meeting their reporting obligations

KPMG in Singapore and Lombard Risk, the dedicated global provider of regulatory reporting and collateral management solutions, have today announced the launch of the KPMG Regulatory Integrated Solution (KRIS) through a strategic alliance, to help financial institutions automate and fulfil mandatory regulatory reporting obligations in an agile, accurate and cost-efficient manner.

KRIS is a cloud-based regulatory technology (RegTech) offering between the two organizations, powered by Lombard Risk AgileREPORTER®, the strategic regulatory reporting solution trusted by over 200 financial institutions globally. KRIS is designed for banks seeking an end-to-end reporting solution which can help save as much as 50% of their time in complying with the relevant regulatory returns prescribed by the Monetary Authority of Singapore (MAS), including the new MAS Notices 610/1003 (“Notices”). The Notices mandate banks to collect, prepare and report significant amounts of data, which put a further burden on banks’ resources and budgets.

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