Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Lombard Risk, a Vermeg company, announces support of Resolution Planning Reporting and the latest Bank of England updates

Published by Gbaf News

Posted on September 22, 2018

Featured image for article about Top Stories

The Bank Recovery and Resolution Directive (BRRD) has been in effect for some time but this will now be accompanied by reporting obligations to both EBA and PRA.

EBA ‘Z’ templates – applicable to all current BRRD firms – and PRA MRL templates – applicable by notification from the Regulator – are both effective as at 2018 year-end and are supported in Lombard Risk’s Regulatory Reporting platform. The return templates will, of course, be supplied with all Regulator mandated validations and concomitant EBA and PRA XBRL production.

Lombard Risk experts will be ready to supply guidance and advice as to necessary data that may not have been included in a firm’s regulatory submissions to date.

Additionally, Bank of England updates due to take effect in 2019 are supported. Two new templates will be effective March 2019.

AS: a Securities Holdings report in accordance with Handbook of Securities Statistics;
FV (Financial Vehicles): for reporting on entities such as securitisation vehicles.

Moreover, changes to the existing AD (Analysis of Deposits) and AL (Analysis of Lending to UK Residents) are also being rolled out.

Andrew Kesbey, Solutions Director, Lombard Risk commented: “These developments are yet further examples of how Lombard Risk’s Regulatory update service ensures that its client community benefits from our Regulatory Strategy team’s ongoing scrutiny of the regulatory horizon. This aspect of Lombard Risk’s Regulatory Reporting offering gives both comfort and value to clients, removing the headache of monitoring, interpreting and executing regulatory change that is associated with an inhouse or manual solution”.