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11th December 2018

VERMEG Continues Organic Growth Through New Establishment in Spain

VERMEG OPENS OFFICE IN SPAIN WITHIN THE FRAMEWORK OF EXPANSION STRATEGY Madrid, 27 November 2018 — Vermeg, a reference undertaking on the software solutions market intended for the finance and insurance sectors, is reinforcing its presence in Europe through the creation of a subsidiary in Spain. The opening of the Spanish office is the outcome […]

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4th December 2018

VERMEG consolidates its position as a global force in regulatory reporting

VERMEG, the banking and insurance software solutions leader, has announced strong progress following its acquisition of Lombard Risk, with its Regulatory business signing more than 30 new customers in 2018. VERMEG now has over 300 regulatory reporting customers, underlying its leading position in the market and making 2018 a record year for the business.  Lombard […]

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27th September 2018

Lombard Risk is renamed under VERMEG brand, creating a new leader in Software Solutions for Financial Services

Lombard Risk, the global provider of integrated regulatory reporting and collateral management solutions, will re-brand as VERMEG, six months after it was acquired by the European banking and insurance software solutions leader, VERMEG.  This completes a crucial step in VERMEG’s ambition to form a leading force in financial services software solutions.

Lombard Risk will transition to the VERMEG brand in all countries where it operates from October 1st 2018 and will introduce new product enhancements and increased research and development as part of the acquisition.

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18th September 2018

Lombard Risk, a Vermeg Company, Announces Support of Resolution Planning Reporting and the latest Bank of England Updates

The Bank Recovery and Resolution Directive (BRRD) has been in effect for some time but this will now be accompanied by reporting obligations to both EBA and PRA. EBA ‘Z’ templates – applicable to all current BRRD firms – and PRA MRL templates – applicable by notification from the Regulator – are both effective as […]

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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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