Wolters Kluwer Financial Services to Help Financial Institutions Develop Long-Term Solution for LCR and FR 2052 Challenges

New Webinar Offers Strategies to Calculate and Report on LCR

MINNEAPOLIS--()--One of the biggest pain points for financial institutions is the recent shift in the way the liquidity coverage ratio (LCR) is calculated and reported to federal regulators. Not only has it evolved into a tremendously complicated and time-consuming task, but regulators are increasingly demanding transparency and auditability into an organization’s LCR at such a level of detail that organizations must now be able to drill back to the individual inputs that create each classification.

To provide guidance on these emerging challenges, Wolters Kluwer Financial Services today announced that two of its leading governance, finance, risk and compliance experts will host a webinar on Thursday, May 14 at 2:00 p.m. EDT.

The one-hour webinar, “LCR and 2052: The New Data Maze,” will offer an overview of the latest liquidity risk reporting requirements and a brief demonstration of an industry-leading solution for delivering required liquidity reporting, including FR 2052. Using deposit mapping as an example, Wolters Kluwer Financial Services experts Will Newcomer, vice president of Finance, Risk & Reporting, Americas, and Aaron Sayles, senior consultant, will highlight how to demonstrate data lineage with drill-back capabilities to exhibit a command over liquidity, especially when an audit trail is required.

“LCR and 2052 reporting was much easier before the new data classification and data detail requirements were released. Since financial institutions are now required to show their work, many are looking for help with the entire process, including classifications, calculations and reporting,” said Newcomer. “Turning to overburdened IT resources may work as a quick fix, but given the pace of changes in the regulations, this is not a workable solution for the long-term.”

Will Newcomer has 35 years’ experience in risk and finance with major and regional banks as well as leading technology firms. His extensive experience in enterprise-wide management information systems helps financial institutions in the areas of risk-adjusted performance management, budgeting and planning, asset and liability management, incentive compensation, financial reporting, and stress testing.

Having joined Wolters Kluwer Financial Services in 2014, Aaron Sayles has worked in the financial services industry for 13 years and cultivated expertise on industry trends and regulatory developments in liquidity and credit risk.

To register for the complimentary webinar, please visit Wolters Kluwer Financial Services’ website.

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

Contacts

Wolters Kluwer Financial Services
David Feider, 612-852-7966
Corporate Communications Manager
david.feider@wolterskluwer.com
On Twitter: @davidafeider
or
Wolters Kluwer Financial & Compliance Services
Chuck Miller, 320-240-5457
Director, Corporate Communications
charles.miller@wolterskluwer.com
On Twitter: @charleswmiller

Release Summary

Wolters Kluwer Financial Services to Help Financial Institutions Develop Long-Term Solution for LCR and FR 2052 Challenges

Contacts

Wolters Kluwer Financial Services
David Feider, 612-852-7966
Corporate Communications Manager
david.feider@wolterskluwer.com
On Twitter: @davidafeider
or
Wolters Kluwer Financial & Compliance Services
Chuck Miller, 320-240-5457
Director, Corporate Communications
charles.miller@wolterskluwer.com
On Twitter: @charleswmiller