The client, an ECB-supervised bank, is required to maintain and update their Recovery Plan regularly. In this context, the client requested the assistance of Avantage Reply, to assist the bank in the production of its Group Recovery Plan.
The project aimed at achieving the following objectives:
Due to the COVID-19 crisis at the time of the engagement, the client adopted a “remote only” work structure with all its employees exclusively working from home. This fact impeded the proper coordination and engagement required between the project manager and the supporting functions.
Avantage Reply provided a recovery planning expert to conduct the regulatory review and update of the plan. The expert performed the following: