About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Lombard Risk Offers Free XBRL-Checker to Support Corep Compliance

Subscribe to our newsletter

Lombard Risk Management is offering firms that must comply with the latest Common Reporting (Corep) rules a free eXtensible Business Reporting Language (XBRL) checker to help them resolve XBRL validation errors that can occur when submitting required reports to the UK Financial Conduct Authority (FCA).

The FCA’s Gabriel reporting system has been in place since April 1, 2014 for firms to test and submit reports, ahead of the 30 June deadline for compliance with the Corep rules. To ease the Corep reporting process, which requires reports to be submitted in the XBRL format, Lombard’s online XBRL-Checker helps firms gain insight into Assertion ID codes, essentially error codes issued by report submission systems, allowing them to identify XBRL errors and resolve them.

Nick Davies, chief technology officer at Lombard Risk, explains: “We started hearing from firms that were not using Lombard Risk Reporter that they were experiencing problems understanding the regulators’ submission validation error codes and Assertion IDs, so we developed this free-to-use application to provide some relief. XBRL-Checker makes it easier to investigate errors.” XBRL-Checker is free to use for all firms, whether or not they are Lombard Risk clients.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

Data Infrastructure Faces Stress Test as Private Credit Consolidation Beckons

By Charles Sayac, Managing Director EMEA West, NeoXam. A bout of consolidation unseen in the sector’s history may be on the cards for the private credit space – one that threatens to unearth a host of complex data challenges for the unprepared. A recent Carne Group report revealed almost all (96 per cent) of private debt managers...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...