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The Academy will provide continual training and education for our staff members in our twelve offices in Europe and the United States and is also open to clients.
The first edition of the CRO Insights Journal focused on the growing role of the Risk Function and how CROs' responsibilities have evolved in response to the crisis. We are now delighted to present our second edition which captures the nature of risk in an increasingly complex economic landscape.
Availability of sufficiently granular and reliable data is a major priority of the Single Supervisory Mechanism (‘SSM’). To this end, the ECB is demanding additional and more granular reporting from banks under its supervisory remit by introducing its new reporting requirement: the Analytical Credit Dataset – also known as AnaCredit.
This Briefing Note focuses on the business model analysis, highlighting areas that banks should carefully evaluate to address the requirements in a timely fashion, considering all compliance and associated operational issues.
Avantage Reply has been announced as Sponsor for the Master in Insurance & Risk Management at MIB Trieste School of Management, nationally accredited and internationally ranked among the top 10 in the World (Eduniversal Ranking 2016). Along with other sponsors, Avantage Reply will serve the School providing insight and advice as the program develops.
On 23 November 2016, the European Commission released its proposals to amend the Capital Requirements Regulation (CRR) and the fourth Capital Requirements Directive (CRD 4). This Briefing Note presents an overview of these regulatory developments highlighting areas that banks should carefully evaluate.
Of all the implementation challenges posed by FRTB, data is perhaps the most daunting, given the complexity of the regulation. To help develop industry standards, ISDA has launched the FRTB Data Standards project. This initiative is aimed at reaching a common industry consensus on the interpretation of risk-factor modellability rules under the FRTB, and a shared set of business requirements to support risk-factor assessment and data capture.
The Bank of England has published the results of their annual concurrent stress test confirming that, in aggregate, the UK banking system is sufficiently capitalised to withstand a severe stress. However the regulator has been clear: there is more work to do for banks to have a sufficiently robust stress testing process. In this briefing, Avantage Reply provides its analysis and its perspectives on how banks can up their stress testing game.
Definio Reply™ is an integrated platform capable of addressing the needs of management, analysis, reporting and logging of financial assets. The target customers of the Definio Reply™ solution have as their objective the active management and monitoring of financial portfolios.The integration of the
financial database with the asset database makes Definio Reply™ a viable and complete alternative to vertical portals.
On 26th January 2017, Avantage Reply is hosting its first RAF, ICAAP, ILAAP & SREP roundtable in Paris. After a presentation, the attendees will have the opportunity to hear the feedback from a German significant institution on Governance & Risk Management Assessment.
The second consultative document for revisions to the Standardised Approach for Credit Risk was published in December 2015. It proposed significant revisions to the current credit risk capital framework and the first consultative document published in December 2014.
Barely a year after the entry into force of the Fourth Directive, the European Commission published on July 5, 2016 a fifth Directive proposal to strengthen the rules on transparency with regard to beneficial owners of companies and trusts to prevent tax evasion and money laundering.
The 2015 RiskMinds International conference in Amsterdam was the 22nd edition of this prestigious event. Avantage Reply was delighted to be a sponsor for the second consecutive year and has marked the occasion with the launch of the third edition of our CRO Insights Journal Special RiskMinds.
There are differences between countries in the riskiness of life. Cultures also differ in their perceptions of and preferences for risk.
Scott Warner, Senior Manager at Avantage Reply discuss the topic in the Intelligent Risk Magazine.
On Wednesday 23 November 2016, Avantage Reply hosts its second Annual Risk & Regulatory Symposium. The event takes place at Crown Plaza in London.
Banks are considering excluding risk factors deemed immaterial from their risk models as a way to avoid a capital charge add-on for hard-to-model risks under the new trading book capital rules, but the strategy could be derailed by the will of regulators or by failing the internal models test.
STUDENT RISK & REGULATORY HACKATHON is a European student live challenge, offering students from 5 cities in Europe the opportunity to work for one day on generating innovative solutions to a failing bank. The event will be open to all students from HEC Liege, Imperial London College, VU Amsterdam, Luiss in Rome and students from Manheim University and Frankfurt School of Finance. For further information, please
The world of FinTech has the potential to transform the Financial Services industry. What does this mean, and what are the implications for Risk Managers?
2016 promises to be another challenging year with more extensive regulatory involvement and further disruption of existing business models. Whilst financial industry firms will continue to rebuild their balance sheets and implement new regulations designed to strengthen standards for a simpler and safer industry, this year will bring additional challenges of dealing with new entrants, including fintech companies, and the necessity of business restructuring and portfolio rebalancing to achieve viable capital and cost bases.
On Monday and Tuesday 21 and 22 June 2016,
Avantage Reply will give a presentation on
Risk Data Aggregation and Risk Reporting at the Risk & Supervision event organised by the Italian Banking Association.
"The title of one of the Basel Committee on Banking Supervision’s (BCBS) consultative documents pretty much sums up its attitude towards internal models as the cost of capital for using derivatives and certain asset classes continues to ratchet-up". Sergio Gianni and Dean Mitchell, Partners with Avantage Reply, answer the questions from the Global Risk Regulator.
On May 25, 2016,
Avantage Reply sponsors the 33rd International Conference of the French Finance Association. The French Finance Association Conference is one of the main European conferences in finance. The Conference gives researchers the opportunity to present their research work and exchange ideas.