Lombard Risk Hosts Regulatory Compliance User Group Conference in New York

London - 5 February 2013

Federal Reserve Bank of NY presents; Rich Dreiman, Bank of America, appointed user group Chairperson

Lombard Risk Management plc, a leading provider of integrated collateral management and liquidity, regulatory, transaction and MIS reporting solutions for the financial services industry, recently hosted its Regulatory Compliance User Group conference in New York City. The user group is an organization representing banks around the country that use Lombard Risk’s innovative software to facilitate their US and Canadian regulatory reporting requirements.

John Wisbey, Chief Executive Officer, Lombard Risk commented: “With the costs of regulation being so much higher than in the past and with technology innovation greater than ever, we constantly need to strike a balance between thought leadership and giving our clients what they are looking for.”

Highlights of the user group function included:

  • Kenneth Lamar, Senior Vice President Statistics Function at The Federal Reserve Bank of NY, spoke to the users on challenges in US regulatory reporting;
  • Appointment of Chairperson, Rich Dreiman, Vice President at Bank of America, to the user group committee; and
  • Insight into Lombard Risk’s future product design and development roadmap of the enhanced regulatory reporting solution.

Vincent Raniere, Managing Director, Regulatory – Americas & APAC of Lombard Risk commented: “Our user group events have provided an ideal situation for users to interact with other finance and reporting professionals from multiple international banks and financial institutions. Many of our clients have been utilizing our software for over 20 years; gathering at these events further solidifies our strong partnership.”

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