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Lombard Risk Management, Oracle partner to deliver global regulatory reporting solution

BBR Staff Writer Published 01 April 2016

Lombard Risk Management and Oracle Financial Services have partnered to offer a global regulatory reporting solution.

Oracle Financial Services Regulatory Reporting Solution (OFSRRS) offers a single solution that is claimed to automate the end-to-end process for regulatory reporting.

The solution integrates Oracle's Financial Services Data Foundation compute engines with Lombard Risk's AgileREPORTER regulatory reporting solution.

The data lineage offered by the solution allows companies to show to regulators their process of arrival at reporting numbers and address regulatory requirements.

Lombard Risk said it frees up in-house resources to refocus away from report compilation to the generation of business insight from the growing volume of data generated to meet regulatory needs.

The integration addresses BCBS 239 principles of governance and architecture, risk data aggregation, risk reporting, and supervisory review.

Lombard Risk Management CEO Alastair Brown said: "End-to-end regulatory reporting automation has eluded the industry for years.

"Utilising the Lombard Risk and Oracle solution enables multi-jurisdiction institutions to establish a global regulatory report production platform, integrated with full granular data lineage and drill-down."

An European investment management firm based in the UK has recently renewed its contract with Lombard Risk for Colline, a real-time cross product collateral solution, as well as its front office trading tool Oberon.

The solutions will continue to provide the company with the calculation of exposure and end-to-end margin processing and reporting.