GFI Group Selects Lombard Risk REPORTER for EBA Common Reporting
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Ask an Analyst
Ask an analyst is the ability to communicate with one of our analysts about this vendor, system or genre of solution.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
Lombard Risk Management plc (Lombard Risk), a leading provider of integrated regulatory reporting, compliance and collateral management solutions for the financial services industry, is pleased to announce that GFI Grouphas selected Lombard Risk REPORTER for EBA Common Reporting for its operations in the United Kingdom and for those of its subsidiary Kyte Group.
Download a pdf version of this press release HERE >>>
- European Banking Authority’s (EBA) Common Reporting (COREP)
- XBRL submissions
Lombard Risk REPORTER is an end-to-end regulatory reporting solution for the global financial services sector that will provide GFI Group with the XBRL format reporting mandated by the regulators. The need for XBRL reporting was determined by an EU directive that came into force on January 1st 2014 and, starting May 30th 2014, all submissions of regulatory returns in Europe will be required to be performed in XBRL (computer code) format.
Robert Markham, Lombard Risk says: “We were pleased to help GFI streamline their current spreadsheet-based report submission process and provide them with an XBRL upload to the regulator. In due course, as GFI’s requirements change, we will support them further as REPORTER has a range of deployment options to address a firm’s growth and the changing regulatory demands.”
Darryl Denyssen, Finance Director for EMEA at GFI Group said: “Following the EU directive requiring FCA regulated firms to submit their prudential returns in XBRL format, GFI Group has chosen to partner with Lombard Risk in meeting this new requirement. We reviewed a number of potential solutions for XBRL reporting and firmly believe that Lombard Risk’s REPORTER offering was best suited to our needs. Along with being a highly cost effective offering, we were particularly impressed with Lombard Risk’s knowledge and experience in this field, along with their commitment to providing a high quality and personalised support service.”
Lombard Risk REPORTER is used by over 200 firms globally, including 60+ for EBA Common Reporting, for requirements in the areas of Credit, Market and Operational Risk, Large Exposures, Leverage and Liquidity risks, and Financial and Statistical Information for Calculation, Analysis and Submission.
GFI Group was founded in New York in 1987 and provides competitive hybrid brokerage services in a multitude of global over-the-counter (OTC) and exchange listed cash and derivatives markets. GFI has developed innovative trading technologies that have allowed for the introduction of new electronic market places and trading protocols across all asset classes.