Belgian retail bank under the direct supervision of the European Central Bank (ECB). The Bank’s products and services are distributed on-line, through the network of offices in Belgium, and through brokers.
The Bank requested Avantage Reply to enhance their Internal Liquidity Adequacy Assessment Process (ILAAP), not only complying with regulatory requirements but also going beyond them to meet supervisory expectations and align to best practices of the market.
Therefore, from Avantage Reply we assist in the performance of the official document that will need to be submitted to the supervisory authority.
This assignment is not only writing a document, but also looking into the market and new regulations published by the supervisory authorities, analyzing how other banks are facing the new challenges concerning liquidity and sharing our knowledge and experience of the financial industry.
The main goal of the client is to enhance their Internal Liquidity Adequacy Assessment Process (ILAAP) following the supervisory expectations and best practices of the financial industry.
On top of the current situation due to the coronavirus crisis, the main challenges of the project are the lack of availability of the customer, as well as the access to information.
The solution is to manage efficiently the organization of the work by speaking with every department and guarantee that there is no miss information, between the departments, Group and subsidiary.
Additionally, Avantage Reply is providing assistance in sharing knowledge of the regulation and best practices, to help them comply with the requirements.
Belgian retail bank under the direct supervision of the European Central Bank (ECB). The Bank offers retail payment, saving lending (mortgage and consumer loans) and investment products to private individuals in Belgium. For asset and liability management purposes, the Bank also engages in investment (fixed income portfolio and Dutch mortgages) and hedging activities.
The Bank’s products and services are distributed on-line, through the network of offices in Belgium, and through brokers.