An international financial services provider has opted for the regulatory reporting solution Reporter from Lombard Risk Management for Chinese regulatory reporting. Lombard Risk, provider of integrated collateral management and liquidity, regulatory and MIS reporting solutions, did not name the client. Demands of three key Chinese regulators, the China Banking Regulatory Commission, the State Administration of Foreign Exchange and the People’s Bank of China, will be met by Lombard Risk’s regulatory solution for Shanghai.

The firm will be preparing reports for its full bank branch operations in China. Previously, these regulators received submissions through manual processes and spreadsheets. However, now this process will be automated by the Reporter solution. It will calculate the returns using data in the Asia-Pacific data warehouse hub in Singapore and submit them electronically.

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