The client is a French retail bank and a subsidiary of the largest French insurance group combining the advantages of an online bank and a network of physical branches. It offers a wide range of banking services including: current accounts, loans and insurance.
As a part of the uplift in the supervisory expectations and higher demands of the national competent authorities (‘ACPR’) relating to the SREP exercises and the BRRD implementation, the client was looking to review and strengthen their stress-test scenarios in the Recovery plan and to improve RAF, ICAAP and ILAAP processes. For this purpose, Avantage Reply was mandated to review and improve the recovery plan and its key components as well as designing and implementing RAF, ICAAP and ILAAP frameworks.
The approach consisted of the following steps