Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLombard Risk Management Regulatory News (LRM)

  • There is currently no data for LRM

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

US and Canadian Client Successes

5 Nov 2015 07:00

RNS Number : 6240E
Lombard Risk Management PLC
05 November 2015
 

05 November 2015

Lombard Risk Management plc

(the "Company")

 

US AND CANADIAN CLIENT SUCCESSES

 

Lombard Risk Management plc (LSE: LRM), a leading provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, is pleased to announce that COLLINE, the Company's award-winning collateral management, clearing, inventory management and optimisation solution, has recorded several significant sales in the past quarter as well as two go-live successes.

A major bank in Canada and a long-established North American buy-side Investment Firm have recently selected COLLINE as their future-ready collateral management solution:

§ One of Canada's largest banks has selected COLLINE to support its complex collateral management needs. Its decision was made following a rigorous market search to identify an automated end-to-end solution that could eliminate over 200 manual processes required with its current application. The selection of COLLINE was based on the bank's regulatory preparedness for IOSCO requirements, real-time consolidated view of exposure and cross asset inventory management capabilities. COLLINE will enable it to maximise the efficiency and reduce the cost of collateral and inventory management processes and reduce operational risk by leveraging COLLINE's full front-to-back STP and exception based processing capabilities.

§ One of the oldest and most distinguished buy-side Investment Management Firms in the US has selected COLLINE to facilitate its bilateral OTC and FCM business lines workflow. Like many buy-side clients, it was seeking to be proactive in adopting industry best practices for collateral management and wanted to leverage the existing capabilities of COLLINE to accelerate its progress.

Two additional clients successfully go-live on COLLINE in North America:

§ An independently operated investment management subsidiary of a major Tier 1 multi-national banking and financial services holding company successfully went live on Lombard Risk's COLLINE cross-product collateral management system, on-time and on-budget. The solution was procured in order to meet the firm's compliance needs on TBA (To-Be-Announced) transaction mandatory margining for MBS (Mortgage-Backed Security) trades.

§ A major national financial services organisation and leading provider of retirement services in the academic, research, medical and cultural fields successfully went live on Lombard Risk's COLLINE Cloud solution to support the management of its cross-asset portfolio from multiple US locations. COLLINE cloud computing services represents a strong offering to the market with a faster deployment and a substantially lower cost of setup and ongoing maintenance - affording stakeholders the ability to realise business benefits sooner.

John Groetch, Managing Director - Americas, Lombard Risk commented: "Lombard Risk's vision is to provide our clients with the agility they need to respond to abrupt market and regulatory change and in so doing, deliver competitive advantage for them. Our suite of applications continues to provide market-leadership, and these wins - replacing established and blue-chip competitors - demonstrate that this vision resonates strongly with even the very largest of financial institutions. We are delighted to continue increasing our market share and penetration of Tier 1 financial institutions."

 

-ends-

For further information, please contact:

Lombard Risk Management plcPhilip Crawford, Executive ChairmanNigel Gurney, CFO

Tel: 020 7593 6700

Panmure Gordon (UK) LimitedNominated Adviser and BrokerRussell CookJames Greenwood

Tel: 020 7886 2500

NewgateTim ThompsonBob HuxfordRobyn McConnachie

Tel: 020 7653 9850

 

About Lombard Risk - www.lombardrisk.com (London Stock Exchange: LRM)

Lombard Risk is a leading provider of regulatory reporting and collateral management solutions - enabling firms in the financial services industry to significantly improve their approach to managing the risk in their businesses.

Founded in 1989 and headquartered in London, Lombard Risk has offices in New York in the US; Hong Kong, Shanghai, Singapore and Tokyo in Asia Pacific, and service centres in Atlanta, Cape Town, Luxembourg and Miami. Our clients include banking businesses - over 30 of the world's "Top 50" financial institutions - as well as investment firms, asset managers, hedge funds, fund administrators, insurance firms and large corporations worldwide.

 

Managing collateralised trading | Enabling regulatory compliance

The Lombard Risk solution suite is developed and supported by an extensive team of risk, regulatory and financial experts.

COLLINE® - collateral management, clearing, inventory management and optimisation. Designed by experienced business practitioners for consolidated end-to-end, cross-product collateral management, clearing, inventory aggregation and optimisation.

REPORTER - global regulatory reporting.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAPKQDNDBDBFDK
Date   Source Headline
23rd Feb 201812:15 pmRNSExercise of Options
23rd Feb 20189:58 amRNSScheme of arrangement becomes effective
23rd Feb 20187:30 amRNSSuspension - Lombard Risk Management plc
23rd Feb 20187:19 amRNSCancellation of Shares from trading on AIM
22nd Feb 201812:05 pmRNSCourt sanction of the scheme of arrangement
16th Feb 20183:28 pmRNSForm 8.3 - Lombard Risk Management
16th Feb 20182:56 pmRNSResults of Court Meeting and General Meeting
12th Feb 20181:52 pmRNSForm 8.3 - Lombard Risk Management
8th Feb 20181:56 pmRNSForm 8.3 - Lombard Risk Management
7th Feb 201812:53 pmRNSForm 8.3 - Lombard Risk Management plc
6th Feb 20182:03 pmRNSForm 8.3 - Lombard Risk Management
2nd Feb 20183:23 pmRNSPDMR Shareholding
2nd Feb 20182:01 pmRNSForm 8.3 - Lombard Risk Management
1st Feb 20181:33 pmRNSForm 8.3 - Lombard Risk Management
30th Jan 20182:22 pmRNSForm 8.3 - Lombard Risk Management
29th Jan 20181:17 pmRNSForm 8.3 - Lombard Risk Management
26th Jan 20181:56 pmRNSForm 8.3 - Lombard Risk Management
26th Jan 201811:46 amRNSForm 8.3 - Lombard Risk Management PLC
25th Jan 20182:42 pmRNSForm 8.3 - Lombard Risk Management
25th Jan 20189:00 amRNSForm 8 (OPD) (Offeror - Vermeg Group N.V.)
24th Jan 20181:50 pmRNSForm 8.3 - Lombard Risk Management
23rd Jan 20183:55 pmRNSForm 8.3 - Lombard Risk Management
23rd Jan 20182:45 pmRNSForm 8.3 - Lombard Risk Management PLC
23rd Jan 20182:12 pmRNSForm 8.3 - Lombard Risk Management
23rd Jan 201811:56 amRNSForm 8.3 - Lombard Risk Management
23rd Jan 20187:00 amRNSRECOMMENDED CASH ACQUISITION OF LOMBARD BY VERMEG
19th Jan 20181:59 pmRNSForm 8.3 - Lombard Risk Management plc
17th Jan 20189:28 amRNSForm 8.3 - Lombard Risk Management
16th Jan 201812:50 pmRNSForm 8 - Lombard Risk Management plc
15th Jan 20183:11 pmRNSForm 8.3 - Lombard Risk Management AMEND RNS 8005B
15th Jan 201812:30 pmRNSForm 8.3 - LOMBARD RISK MANAGEMENT
15th Jan 201812:07 pmRNSForm 8.3 - Lombard Risk Management plc
15th Jan 201810:27 amRNSForm 8.3 Lombard Risk Management plc
15th Jan 201810:21 amRNSForm 8.3 Lombard Risk Management plc
12th Jan 20185:45 pmRNSUpdated Documents on Display
12th Jan 20185:33 pmRNSForm 8.3 - Lombard Risk Management
12th Jan 20184:38 pmRNSForm 8.3 - Lombard Risk Management Plc
12th Jan 20181:09 pmRNSForm 8.3 - Lombard Risk Management Plc
12th Jan 201812:27 pmRNSForm 8.3 - Lombard Risk Management plc
12th Jan 201811:38 amRNSHolding(s) in Company
12th Jan 20189:16 amRNSForm 8.3 - [Lombard Risk Mngment]
11th Jan 20183:53 pmRNSForm 8 (DD) - Lombard Risk Management PLC
11th Jan 20183:41 pmPRNThe Saffron Fund - Form 8.3 - Lombard Risk Management plc
11th Jan 20183:16 pmRNSForm 8.3 - Lombard Risk Management Plc
11th Jan 20183:12 pmRNSForm 8.3 - Lombard Risk Management plc
11th Jan 20187:00 amRNSOffer by Vermeg Group N.V.
13th Nov 20177:00 amRNSHolding(s) in Company
1st Nov 20177:00 amRNSLombard signs partnership with One Savings Bank
25th Oct 20177:00 amRNSHalf-year Report
11th Oct 20177:00 amRNSNotice of Interim Results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.