Lombard Risk REG-Xperts on hand to explain regulatory issues and answer questions
Lombard Risk Management plc (Lombard Risk), a leading provider of integrated regulatory reporting, compliance and collateral management solutions for the financial services industry, reports over 100 firms in attendance at last week’s annual regulatory update conference.
On 11th February 2014, Lombard Risk held its annual regulatory conference update at the London Chamber of Commerce and Finance, Queen Street, London. This event is the culmination of a series of online business briefings put on by Lombard Risk throughout the year. They cover a wide range of regulatory issues as they arise and develop – the most popular this year being the EBA COREP-related ones. The main topic of this event was the European Banking Authority (EBA) Common Reporting (COREP) – a complex regulation with imminent submission dates.
Feedback from the audience included: “Excellent view on upcoming requirements” | “Very knowledgeable and informative speakers” | "Nice to hear real experiences to the new banking regulations challenges" | “Good provision of information in a summary format” | “Good speakers” | “Useful to have an update of the state” | “Insightful” | “Brings together wide cross-section of reporters - able to POOL views and ideas" | “Very engaging and knowledgeable”.
James Phillips, Director Regulatory Strategy at Lombard Risk, provided the audience with an update on the ‘final, final Implementing Technical Standards (ITS)’ before handing over to other Lombard Risk REG-Xperts each specialising in their field, namely: Andrew Winton, Business Matter Expert on FINREP; Robin Bridge, Director Regulatory Compliance on Asset Encumbrance; and Hanbury Hampden-Turner, Functional Authority on Additional Liquidity Monitoring Metrics (ALMM).
Lombard Risk has an unparalleled resource, possibly one of the largest UK-based teams, of financial and regulatory business matter experts. Collectively known as the Lombard Risk REG-Xperts, they are constantly monitoring the political drivers and resultant regulatory issues, reading and interpreting the rules and using that research and knowledge in a number of ways: populating Lombard Risk REPORTER regulatory reporting software; informing and advising clients and prospects on regulatory issues; presenting online business briefings; publishing regulatory update papers.