Avantage Reply will be hosting its first ESG
Breakfast at their office on the
3rd of May 2022 (from 8:00 to 10:30am) and we would be grateful if you could join us.
This session would be an opportunity to discuss the current ESG challenges and contribute to the conversation, as well as, a chance to ask questions to the experts and network with peers.
On April 22nd 2022, the CSSF published the longawaited Circular on outsourcing arrangements which sets out the new regulatory requirements applicable to in-scope entities as of June 30th 2022. The new Circular translates the EBA guidelines on outsourcing arrangements into locally adapted regulations.
The discontinuation of LIBOR requires the financial industry to shift to alternatives, the socalled Alternative Reference Rates (“ARR”), with implications on products that refer to variable
interest rates. Major structural differences between LIBOR and the ARR necessitate a reconsideration of product design, operational processes and IT solutions.
Brain Momoh, manager at Avantage Reply, writes about some of the key emerging risks facing financial institutions. Read the full article at TechNative.
In the context of growing importance of cloud-driven solutions, National Competent Authority in Luxembourg provides further details in respect to regulatory requirements around contractual clauses and obligation of notification prior to outsourcing of material IT activities.
Reply is hosting a special wine tasting event on the 18th of November 2021, to simply enjoy a delightful evening.
The event will take place from 7pm to 10pm at the Hotel Melia Luxembourg (1 Park Dräi Eechelen,1499 Luxembourg).
Join us and let’s share some glasses together while being guided by our sommelier.
The event will take place from
7pm to 11pm at the Hyatt Paris Madeleine Hotel (24 Boulevard Malesherbes, 75008, Paris). The evening takes place under the splendid glass roof of the Gustave Eiffel workshops. Take a break, join us and as the tasting progresses, let yourself be guided by our sommelier while enjoying an exceptional setting and the know-how of a master chef of France, Chef Sébastien Roux. Please note that the redirection page is in French.
On Wednesday the 13th October 2021, the Bank of England (BoE) and the Financial Conduct (FCA) have announced the launch of the joint transformation programme on Transforming Data Collection, officially kicked off at the beginning of July 2021: this initiative follows the letter published on 23 February 2021 from the two authorities.
Reply will be a Sponsor at the Italian meeting of Actuaries which will focus on technological innovation and systemic risks.
The European Commission presented an AML package in July 2019, where it highlighted a number of deficiencies in implementation of the EU anti-money laundering framework, while the recent money laundering scandals led the need to develop a new comprehensive approach at the EU level.
Avantage Reply UK and ElysianNxt are pleased to announce that we have entered into a strategic partnership, bringing together Reply’s management and risk consulting expertise with ElysianNxt’s cutting edge risk technology.
The intention of the “Quick fix” amendments to MiFID 2 is to support economic recovery from the Covid-19 pandemic. The European Commission tries to achieve this via certain reliefs of administrative requirements on firms. Member states are required to transpose the changes into national law by 28 November 2021 and apply them by 28 February 2022.
At Reply, we support, guide and advise our clients in their Operational Resilience to Operational Excellence journey through our deep industry experience, leading strategic partnerships and proven framework.
The European Banking Authority (EBA) published on 16th of March 2021 a decision, which changes the Basel III monitoring exercise from its current voluntary nature to a mandatory exercise from December 2021.
Banks, like all economic players, are called upon to contribute to the climate effort and the implementation of concrete actions in response to the Paris agreements limiting the increase in the planet's temperature to 1.5°C.
Find out how Avantage Reply worked with
UK Finance to recommend improvements to financial services regulators’ cost-benefit analyses. Learn how the team's research, supplemented by discussions with the industry, led to the making of
7 key recommendations in the resulting policy paper.
The main aim of this paper is to show the potential benefits for the Securitisation process, both in terms of the setup of operations and in the entire product life cycle, derived from the adoption of the Blockchain Technology.
On 24 November
Avantage Reply welcomed guest speakers from
industry, law and
a roundtable to discuss the
laws, regulations and
popular sentiments that are ushering in a new era of the Economy. Download the presentation now.
London Interbank Offered Rate (LIBOR) is the world’s most widely used benchmark for short-term interest rates. It is a reference rate for some $200 to $350 trillion in mortgages, consumer loans, derivatives and other financial instruments, which elevates it to the status of a gauge for the health of the banking system. As of the end-2021, it will cease to exist. This development is both a challenge and an opportunity for the financial industry.
Avantage Reply are proud to announce their involvement as Gold Sponsors of the PRMIA Risk Leader Summit 2020. The virtual event, held over two half-day sessions on 16 - 17 November 2020, offers an exploratory risk leadership experience looking at the new dynamics governing the risk profession.
In recent years, financial institutions have faced a significant increase in the volume and complexity of regulatory reporting requirements imposed by the supervisory authorities.
In this context, institutions are required to submit hundreds of thousands of data points in different templates and formats to various supervisors (European Authorities, national authorities, or both). It is worth noting that the reporting deadlines and frequencies at which data points must be reported to the relevant supervisory authorities vary greatly across national jurisdictions.