New collateral contract wins for Lombard Risk
Two major North American banks have chosen Lombard Risk Management’s collateral management, clearing, inventory management and optimisation solution Colline.
The tool enables firms to move away from managing collateral in business line silos by supporting multiple asset types on a single, web-based platform.
No further details were released by the company.
"We are delighted to be working with these firms on delivering a collateral management solution that reduces costs and improves operational efficiency," said John Groetch, the firm's managing director, Americas.
In a note to clients, finnCap analyst Lorne Daniel said that banking industry regulation and compliance will become much more complicated in the post-Brexit world and reckons Lombard’s systems will see increasing demand because of that.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you