The client is a Public Investment and Financing group serving French companies which has two main characteristics.
The client was looking to enrich and strengthen its recovery strategy but also to address a number of issues identified by the ECB in the previous recovery plan package. The key areas of improvements aimed to:
Our mission consisted of updating the recovery plan on all its key components, notably, the recovery stress tests, the recovery options and the recovery indicators while addressing in a best effort ECB’s recommendations.
In order to succeed in this project, the approach retained by the Avantage Reply team and the client was based on 8 milestones listed below:
The recovery package document was fully updated and completed in time in line with the key milestones. The ECB recommendations were mostly addressed, and the playbook had been given to the ECB. A dry-run exercise is scheduled for the following quarter. It is planned for the next recovery plan exercise to reshape all the recovery scenarios and options in order to be fully aligned with the ECB requirements.