Lombard Risk dominates Canada with new mandate win
18 July 2017 London
Image: Shutterstock
Lombard Risk Management has tightened its grip on the Canadian banking market with another major bank signed up to its flagship Colline collateral management solution.
The collateral solution provider now hosts four of Canada鈥檚 largest banks on its Colline platform.
Although Lombard Risk was unwilling to name its clients directly, it did clarify that its new client鈥檚 capital markets group chose Colline to displace its current vendor solution.
鈥淲hile they [the bank] had initially considered building a collateral system internally, Lombard Risk鈥檚 reputation amongst other peer banks in Canada, coupled with the need to meet tight regulatory requirement deadlines, compelled the bank to select Colline for its core collateral function,鈥� explained Lombard Risk in a statement on the new client.
鈥淒oing so will reduce their time and cost to market, as well as enable them to optimise the use of their available assets. With desks in Toronto, New York and London, Colline will provide a global view of the bank鈥檚 inventory and support cross-product margining. Lombard Risk expects Colline to be fully implemented by the end of 2017.鈥�
The collateral solution provider now hosts four of Canada鈥檚 largest banks on its Colline platform.
Although Lombard Risk was unwilling to name its clients directly, it did clarify that its new client鈥檚 capital markets group chose Colline to displace its current vendor solution.
鈥淲hile they [the bank] had initially considered building a collateral system internally, Lombard Risk鈥檚 reputation amongst other peer banks in Canada, coupled with the need to meet tight regulatory requirement deadlines, compelled the bank to select Colline for its core collateral function,鈥� explained Lombard Risk in a statement on the new client.
鈥淒oing so will reduce their time and cost to market, as well as enable them to optimise the use of their available assets. With desks in Toronto, New York and London, Colline will provide a global view of the bank鈥檚 inventory and support cross-product margining. Lombard Risk expects Colline to be fully implemented by the end of 2017.鈥�
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