Lombard Risk announces REPORTER cloud for COREP/XBRL regulatory submissions

London - 27 March 2014

Lombard Risk Management plc (Lombard Risk), a leading provider of integrated regulatory reporting and compliance, liquidity and collateral management solutions for the financial services industry, announces REPORTER cloud for COREP / XBRL regulatory submissions.

Lombard Risk REPORTER cloud for COREP / XBRL is a cloud-based deployment option of REPORTER.  It has been specifically designed for smaller firms that are in-scope for COREP reporting but:

  • Are unsure which returns they will have to submit
  • Nervous about reporting fully validated, up-to-date returns in the new XBRL format in time to meet the deadlines
  • Short on IT resource and reluctant to install software right now, but don’t want to restrict their firm’s regulatory reporting capabilities for the future

Lombard Risk REPORTER cloud for COREP / XBRLsolution is a combination of REPORTER software, in the cloud, together with the all-important regulatory support provided by the Lombard Risk team of REG-Xperts.  It will enable firms to:

  •  Log in via the internet with full security protocols
  • EITHER manually enter data into the forms OR import pre-prepared data via Excel
  • Automatically execute pre-packaged, EBA-prescribed validations to ensure submissions are correct prior to submission
  • Make the XBRL submission to the regulator
  • REPORTER provides an accurate record of completions with full audit trail

At any time, firms can up-scale the Lombard Risk REPORTER cloud for COREP / XBRL solution to any of a wide range of solutions right up to Full Allocation: complete end-to-end automation.

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.

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