Press Article


Perhaps unsurprisingly, climate action failure, extreme weather events and biodiversity loss have been identified as three global risks anticipated to have the most damaging effect over the next ten years according to the World Economic Forum Global Risks Perception Survey 2022.



2022 Annual Cyclical Scenario (ACS): What is new?

On 26 September 2022, the Bank of England (BoE) published details of the return to its 2022 Annual Cyclical Scenario (ACS). The ACS was not performed over the past two years during Covid-19 and postponed in March 2022 due to Russia’s invasion of Ukraine.

03.05.2022 / ESG


ESG Breakfast

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.


News & Communication


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.


News & Communication

Alternative Reference Rates

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.

26.01.2022 / TechNative

Press Article

5 Key Risk Trends and Implications for Financial Institutions

Brain Momoh, manager at Avantage Reply, writes about some of the key emerging risks facing financial institutions. Read the full article at TechNative.


News & Communication

IT Outsourcing modified CSSF Circular

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.



Wine Tasting Luxembourg 2021

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.

18.11.2021 / Paris


Wine Tasting Paris 2021

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.



Transforming Data Collection – The joint transformation programme

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.

10.11.2021 - 12.11.2021 / Hybrid Event


Italian Association of Actuaries – National Meeting

Reply will be a Sponsor at the Italian meeting of Actuaries which will focus on technological innovation and systemic risks.


News & Communication


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.


News & Communication

Avantage Reply UK announce partnership with ElysianNxt

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.


News & Communication

MiFID "Quick Fix"

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.



From Operational Resilience
to Operational Excellence

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.


News & Communication

The EBA will make its Basel III Monitoring Exercise Mandatory

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.

03.03.2021 / Le Soir Belgium

Press Article

An ecological opportunity for European banks : towards the introduction of "green" home loans

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.

22.02.2021 / UK Finance

Press Article

Improving financial services regulators’ cost-benefit analyses

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.

22.12.2020 / Risk Management Magazine

Press Article

Blockchain securitization: an innovative technology to boost asset liquidity

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.

30.11.2020 / Climate and ESG


Roundtable - Climate and ESG Related Risks

On 24 November Avantage Reply welcomed guest speakers from industry, law and academia for a roundtable to discuss the laws, regulations and popular sentiments that are ushering in a new era of the Economy. Download the presentation now.

20.11.2020 / LIBOR

Press Article

Äddi LIBOR, Moien Alternative Reference Rates

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.