Bank Leumi USA has chosen Lombard Risk’s REG-Reporter regulatory reporting solution to comply with reporting requirements in the US.
REG-Reporter addresses the requirements of both domestic and international banks and financial institutions by automating compliance with mandated reports to the Federal Reserve Bank and other regulatory agencies.
Michael Fegan, executive vice president and chief operations and technology officer of Bank Leumi USA, said: “We are very confident about our decision to purchase REG-Reporter based on their long-standing reputation for providing the most comprehensive solution to automating the regulatory reporting process to the Fed.”
“We feel this software will significantly streamline our report preparation, allowing us to maximise our time in reviewing and analysing our reports.”
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