Lombard Risk’s regulatory compliance system REPORTER will help automate the firm’s regulatory reporting by interfacing to the bank’s Temenos T24 core banking system.
GHIB said the execution of the regulatory calculation pertaining to its business lines for capital, liquidity, large exposures and statistical reporting, has resulted in accurate generation and submission of the reports confirming the FSA, Bank of England and HMRC regulatory requirements.
Ghana International Bank senior manager Mark Arthur said that Lombard Risk provided a professional service which ensured that our project objectives were fully met and were delivered on time and to budget. Consequently we have already seen significant return-on-investment.
" REPORTER is perfectly suited to our technology needs and seen as the strategic regulatory solution by the bank," added Arthur.
GHIB expects the REPORTER system will meet the new demands of the FSA’s liquidity regime which came out in 2011.
With more regulatory changes imminent in the future, including COREP, FINREP and Basel III, the bank has switched over to the new system to keep in line with the ever-evolving regulatory environment.
