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.