Leeds Building Society has signed a multi-year licence for Lombard Risk’s regulatory reporting platform, AgileREPORTER.
The fifth largest building society in the UK, Leeds Building Society has a large finance function, which requires a strong workflow.
The deal will help Leeds Building Society gain more from its regulatory reporting process, gather key management information, analytics around trends, and variances for audits and approvals, according to Lombard Risk.
Additionally, AgileREPORTER will allow Leeds Building Society to track and prove compliance with all relevant prudential regulation authority, financial conduct authority, Bank of England, and European banking authority.
Chris Jones, regulatory reporting lead at Leeds Building Society, commented: “We wanted a regulatory reporting solution that allows us to maintain control over the information submitted, whilst also having the ability to analyse data and manage workflows.”
He added: “AgileREPORTER is delivering exactly what we need and we are confident that our finance function has both the technical and regulatory expertise, and local support from a proactive Lombard Risk team, to meet reporting requirements efficiently and with confidence.”
Andrew Kesbey, global head of regulatory solutions, Lombard Risk, said: “We have worked closely with Leeds Building Society to implement a regulatory reporting solution that supports the specific needs of their compliance function.”
Kesbey concluded: “With access to our Regulatory Strategy team and programme of workshops, webinars, and impact analysis research we help them to stay on-top of evolving regulatory requirements and plan accordingly to sustain a nimble and effective compliance function, which has the highest level of confidence and control over its reporting.”
“We look forward to a long and successful partnership.”
