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Lombard announces cloud-based deployment of Corep reporting module

27 March 2014  |  1297 views  |  0 Source: Lombard

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

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