According to Lombard Risk, its regulatory solution for Shanghai will meet the three key regulators’ demands in China: CBRC, SAFE and PBOC – enabling the firm to prepare reports for its full bank branch operations in China.
Lombard Risk general manager of Asia Pacific William Tong said that the firm recognized the burden placed on its operations to monitor the regulators’ demands (which are on the increase post financial crisis), collate the data from multiple internal systems, calculate the information required and generate and submit the reports.
"The firm is streamlining and automating processes across the whole of their operations, and Asia Pacific branches will enjoy accurate and timely regulatory submissions from Lombard Risk’s REPORTER solution," added Tong.
