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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.
Internal audit functions are faced with an increasingly challenging external environment driven by on-going regulatory change, macroeconomic factors and a competitive environment. Avantage Reply can provide a wide range of internal audit and assurance initiatives within a number of areas.
In February 2017, the ECB launched the executive phase of the Targeted Review on Internal Models (TRIM). This White Paper provides both an update for the Credit Risk side and shares the common understanding related to the latest results and future points of attention. It also discusses the requirements for the design of the process and IT architectures supporting the regulatory exercises, as well as providing best practices for institutions.
Five years after BCBS 239 risk data requirements were introduced, Rob Konowalchuk, Partner at Avantage Reply, investigates what’s changed and where banks are heading.
12 April 2018,
Avantage Reply will host an event on
Interest Rate Risk in the Banking Book (IRRBB) in
On 22 March 2018, Avantage Reply is hosting an event on AnaCredit in Paris.
Avantage Reply is hosting a roundtable on Stress Testing in Paris on 8 March 2018.
Avantage Reply will be hosting a
Stress Testing Breakfast in
2 March 2018. The meeting will provide an opportunity to discuss the latest developments in the field of stress testing and their implications for Risk and Financial Management.
Models are an integral part of modern banking. They are used inter alia to price transactions, value portfolios and optimise returns. They are also a key cornerstone of the regulatory framework, used to determine required capital and liquidity. In this paper, we set out the key cornerstones of a modern model risk management framework. We start with an overview of the regulatory (i.e., mandatory) requirements, but then consider in greater detail other aspects of the framework, in particular those where some element of management discretion remains.
This briefing note focuses on the key sets of guidelines on institutions' stress testing, highlighting areas that banks should carefully evaluate to address the requirements in a timely fashion considering compliance and associated operational issues.
On Thursday 8 February 2018, Avantage Reply will host a Model Risk Management event in our offices at 38 Grosvenor Gardens. The event provides participants an opportunity to better understand the evolving regulatory requirements and discuss the industry approaches.
On the 31 October 2017, the EBA published a consultation paper. The objective is to consult on the revisions in the first quarter of 2018, targeting practical implementation by the end of 2018. This publication focuses on the implications of these latest developments for banks, highlighting areas that should be evaluated when addressing the requirements, considering all compliance operational issues.
Data Robotics Solutions are emerging as a highly effective, yet practical approach for banks to reduce operational risk, improve efficiency, reduce costs and derive additional value. From Robotic Process Automation to machine learning enabled Intelligent Process Automation, banks that have started implementing these solutions are reaping the rewards, both from a financial and compliance perspective.
The Basel Committee on Banking Supervision bowed to the inevitable on December 7, announcing a three-year postponement to the implementation of the FRTB, which had been due for January 2019. Lawmakers in the European Union had been thinking about delaying beyond that date, and the US transposition process has not even started. (Samuel Wilkes, Risk.Net)
Avantage Reply explains how the use of technologies such as Adjoint Algorithmic Differentiation and Machine Learning can support financial institutions both in the calculation process and in the active management of the new criteria for calculating the capital requirements envisaged for the management and mitigation of market risk, the Fundamental Review of the Trading Book (FRTB).
On Tuesday 12 December 2017, Avantage Reply will be hosting a Business Breakfast meeting in its offices in Luxembourg. The Breakfast will provide an opportunity to discuss evolving regulatory requirements and industry approaches to the management of model risk with a focus on independent model validation.
On 9th November, Rob Konowalchuk, Associate Partner will be one of the guest speakers to the regulatory webinar organised by Lombard Risk. The webinar is the opportunity to hear how firms can prepare for the array of uncertainty impacting regulatory compliance planning, ranging from what’s next from the PRA’s Rulebook Reporting Requirements, the European reporting roadmap and of course how RegTech innovations may change operational processes.
On 27th October 2017, Avantage Reply hosts an IRRBB Breakfast Event in its offices in Luxembourg. The participants will have the opportunity to hear presentations on the changes in the regulatory focus regarding IRRBB, the complexity with an IRRBB tool and the implications for banks.
This White Paper takes stock of the current state of play of the resolution framework in the Banking Union, a little bit over one year after the entry into application of the Single Resolution Mechanism, and contemplates the associated challenges (as well as opportunities) for banks in that context.
The Regulatory Reporting landscape is changing fast. What are the challenges and prioritisation for Banks? Discover the plethora of reporting requirements facing banks and the solutions Avantage Reply offers.
On 27th September, Avantage Reply will be speaker to the Lombard Risk Regulatory Conference. During the event, participants will hear directly from the regulator on upcoming regulatory changes, as well as enhance your industry knowledge through the lively presentations and panel discussions.
During 2017, the EBA and the ECB released several publications concerning the SREP process and supervisory stress tests. This Briefing Note focuses on the implications of these latest regulatory developments, highlighting areas that banks should carefully evaluate to address the requirements in a timely fashion, considering all compliance and associated operational issues.