Bank Leumi Chooses Lombard Risk Regulatory Reporting Solution

Bank Leumi USA, a subsidiary of Leumi Group, has selected Lombard Risk Management’s REG-Reporter regulatory reporting solution in order to comply with reporting requirements in the U.S.

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, EVP, Chief Operations and Technology Officer, Bank Leumi USA, said: “We feel this software will significantly streamline our report preparation, allowing us to maximize our time in reviewing and analyzing our reports.”