Lombard Risk, a Vermeg company, the leading dedicated global provider of regulatory reporting and collateral management solutions announces that Leeds Building Society has signed a multi-year licence for Lombard Risk’s flagship regulatory reporting platform, AgileREPORTER.
Leeds Building Society is the fifth largest building society in the UK with assets of £18.5bn. It has a large finance function requiring strong workflow, robust governance and an intelligent regulatory reporting solution which gives the finance team control over the entire reporting process.
Lombard Risk has 180 regulatory reporting clients in the UK and AgileREPORTER is its flagship product offering. It is helping Leeds Building Society to get more from its regulatory reporting processes and gather key management information and analytics around trends and variances for audits and approvals. In addition, AgileREPORTER allows Leeds Building Society to track and prove compliance with all relevant PRA, FCA, BofE and EBA reporting requirements. Through its user-friendly interface, the finance team is able to manage approvals and workflows, enabling a more efficient finance function and clear oversight for senior management.
Chris Jones, Regulatory Reporting Lead, Leeds Building Society said: “We wanted a regulatory reporting solution that allows us to maintain control over the information submitted, whilst also having the ability to analyse data and manage workflows. AgileREPORTER is delivering exactly what we need and we are confident that our finance function has both the technical and regulatory expertise, and local support from a proactive Lombard Risk team, to meet reporting requirements efficiently and with confidence.”
Andrew Kesbey, Global Head of Regulatory Solutions, Lombard Risk said: “We have worked closely with Leeds Building Society to implement a regulatory reporting solution that supports the specific needs of their compliance function. With access to our Regulatory Strategy team and programme of workshops, webinars, and impact analysis research we help them to stay on-top of evolving regulatory requirements and plan accordingly to sustain a nimble and effective compliance function which has the highest level of confidence and control over its reporting. We look forward to a long and successful partnership.”