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14.07.2020 / Covid-19

Press Article

ECB Covid-19 Reporting

The European Central Bank (ECB) has mandated a new reporting exercise in light of the COVID-19 crisis in an effort to ensure the timely and consistent monitoring of the risks ignited by the outbreak and to widen the scope beyond the SREP STEs, FINREP and COREP , through the inclusion of credit moratoria and state guarantees figures. The reporting shall be submitted to National Competent Authorities on a monthly basis until at least December 2020, and raises several implementation challenges for Significant Institutions (SIs) on the organizational and operational levels (including capacity and data aggregation issues).

13.07.2020 / Outsourcing

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Outsourcing under the spotlight of the pandemic crisis

Since the latest EBA guidelines were published in 2019, financial institutions have rushed to implement measures to make sure they are in full control of outsourced activities. But COVID-19 put the spotlight on weaknesses of traditional outsourcing, opening doors to more resilient cloud-based solutions.

18.06.2020 / ESG

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Blind Reliance on ESG Data and Rankings

In early 2019, a survey of financial advisers had already revealed serious misgivings over the possible mis-selling of products marketed to investors as ‘ESG friendly’. 97 of every 100 financial advisors in the United Kingdom (UK) had declared themselves as either “very” or “fairly” concerned about the potential for allegations of mis-selling ESG investments, according to market research firm Cicero.

28.05.2020 / Consultancy.uk

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Strategic challenges of cloud adoption in financial services

While the move to the cloud was already well underway in financial services, the outbreak of the covid-19 pandemic has accelerated the need for virtual organising, and specifically slipstream cloud-based working. But while moving to the cloud can unlock significant benefits, it also comes with several challenges.

18.05.2020 / coronavirus

Press Article

Never waste a good crisis: the strategic challenges of rapid Cloud adoption in Financial Services

One dramatic impact of the coronavirus (COVID-19) pandemic has been the rapid acceleration in the digital transformation of organisations as much of the workforce has been suddenly forced to “WFH”. The ability of organisations to close physical offices and continue operating rests largely on various kinds of cloud services providing distributed, on-demand availability of data storage and computing.

17.06.2019 / ICAEW

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Digital challenges arising from IFRS 17

Rob Konowalchuk of Avantage Reply discusses IFRS 17 and the digital challenges that will come from its implementation including Data Governance, and how to move beyond mere compliance towards more strategic initiatives.

29.05.2019 / finance derivative

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Caught between global economic trends and technology change

The financial services industry has been, and still is, in a process of transformation. The Reply Financial Services Outlook 2019 gives a 360° overview from Risk Management to Digital Transformation.

05.11.2018 / Financial Times

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Equivalence - What does it mean for Financial Institutions?

Does “equivalence” solve the Brexit woes of the financial services industry? Oscar McCarthy curbs the enthusiasm that follows the latest news about a possible deal for the financial sector.

18.12.2017 / Risk.net

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Basel delay does not ensure global FRTB consistency

The Basel Committee on Banking Supervision bowed to the inevitable on December 7, announcing a three-year postponement to the implementation of the FRTB, which had been due for January 2019. Lawmakers in the European Union had been thinking about delaying beyond that date, and the US transposition process has not even started. (Samuel Wilkes, Risk.Net)

15.11.2017 / Agefi Luxembourg

Press Article

Implementing GDPR: Challenges and Recommendations

Rapidly developing technological advances combined with new and innovative commercial uses of personal data and diverse differences in data protection standards across the European Union have served as the catalyst behind the shift from the Data Protection Directive (95/46/EC) to the General Data Protection Regulation (EU 2016/679 or ‘GDPR’). GDPR is designed to give citizens more control over their personal data.

19.06.2017 / Risk.net

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Quant Guide 2017: Imperial College Business School

In this article, Risk.Net gives an overview of the current trends in the finance and risk university programmes and how practitioners such as Avantage Reply actively collaborate to students' development.

26.01.2017 / Risk.net

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EC gold-plating of FRTB raises risk of global divergence

In the article, Ram Ananth, Senior Manager at Avantage Reply was interviewed on the interpretation of European rules for hard-to-model risks under new trading book capital rules

18.05.2016 / Global Risk Regulator

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Basel heaps more pressure on derivatives

"The title of one of the Basel Committee on Banking Supervision’s (BCBS) consultative documents pretty much sums up its attitude towards internal models as the cost of capital for using derivatives and certain asset classes continues to ratchet-up". Sergio Gianni and Dean Mitchell, Partners with Avantage Reply, answer the questions from the Global Risk Regulator.

23.02.2016 / Global Risk Regulator

Press Article

Banks still question new trading book rules

Although the Basel Committee has sought to pare back the capital impact of the fundamental review of the trading book,specific asset classes could suffer. Avantage Reply was interviewed by the Global Risk Regulator.

17.12.2015 / Riskminds

Press Article

Risk Review - an insight into the industry

Risk information technology has become a key cog in 21st century banking, regardless of geographic location or institutional size. The pressures on banks' risk it teams are tremendous as they deal with fastchanging regulatory and business demands. It is critical that financial instituitions have the necessary risk infrastucture in place to accommodate their business strategy.

05.05.2015 / Euromoney

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Regulation: Banks brace for Basel interest-rate risk push

Fears of Pillar 1 capital charge; Rules may hit earnings and concentrate risk. Bernard Colla, Senior Manager at Avantage Reply, shared his point of view with Euromoney.

18.02.2015 / Global Risk Regulator

Press Article

Basel must tread carefully on risk-weight floors

Bank regulators must perform a delicate balancing act if standardised approaches are to work as a backstop to internal capital models.

18.12.2013

Press Article

Global Risk Regulator features Arnold Veldhoen from Avantage Reply on Trading Book review

The December 2013 issue of Global Risk Regulator (part of Financial Times group) interviews Arnold Veldhoen from Avantage Reply on the second consultation paper for Basel’s Fundamental Review of the Trading Book

01.08.2013

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Frederic Gielen, Partner with Avantage Reply, interviewed by The Banker on the use of internal models

The process of risk-weighting assets to determine banks’ capital adequacy has attracted criticism, but European regulators are keen to improve rather than eliminate it. Philip Alexander reports.

03.01.2013

Press Article

Paradigmenwechsel im Meldewesen

Die Umsetzung von Basel III in europäisches Recht führt für Finanzinstitute zu veränderten Anforderungen, welche eine Neuausrichtung im Bereich des Meldewesens erfordern.