Lombard Risk updates XRBL-Checker 27 June 2014London Reporter: Stephen Durham
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Lombard Risk Management (Lombard Risk) has released an updated version of its XBRL-Checker with additional features for visualising the XBRL regulatory reports specified by the European Banking Authority (EBA).
Firms have until 30 June to produce, test and submit the new XBRL regulatory reports in order to be compliant with the latest EBA Common Reporting (COREP) rules.
On 19 May, Lombard Risk released XBRL-Checker as an online application for firms to better understand where an XBRL error lies and quickly resolve it.
Since then, Lombard Risk REG-Xperts have identified that firms continue to find submitting XBRL reports challenging as the files are large and difficult to read by eye and therefore problematic to check before submission.
Nick Davies, chief technical officer at Lombard Risk, commented: “Lombard Risk REPORTERPortal, a web-based solution used by many of our clients for EBA reporting, already provides visualisation of XBRL regulatory returns. We wanted to offer this facility to an even wider audience – including firms using other regulatory reporting methods.”
“Since its launch, XBRL-Checker is being used by a significant number of firms to help ascertain where the errors in their XBRL reports are … this new visualisation functionality will make it even easier.”
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