Press article about financial services sector

If you have ever worked at a bank, you might have come across a process called Supervisory Review and Evaluation Process (SREP). A “baby” of the Global Financial Crisis (GFC) and the European debt crisis, this process is an essential element in ensuring that banks remain safe and reliable.

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.

20.10.2020 / Regulatory Reporting

Press Article

Integrated reporting system – The end of the regulatory burden?

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.

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).

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.

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.

01.04.2012

Press Article

Deutliche Verschärfung bei der Liquidität

Interview mit Lutz Niemann über die Herausforderungen der neuen Liquiditätskennzahlen.
Gegenüber der bisherigen nationalen Liquiditätskennziffer bedeuten die neuen Mindestanforderungen an die Liquidität für deutsche Finanzinstitute eine deutliche Verschärfung. Lutz Niemann von Xuccess Reply stellt im Gespräch mit geldinstitute das Konzept der Liquidity Coverage Ratio (LCR) und der Net Stable Funding Ratio (NSFR) vor und zeigt, welche Abhängigkeiten für die Finanzinstitute existieren.

21.03.2012

Press Article

Bridging the gap

What challenges and opportunities does CRD IV provide to institutions to improve their compliance framework? Avantage Reply writes a press article for - InCompliance Magazine The 2008 crisis triggered by the bankruptcy of Lehman Brothers revealed a number of serious shortcomings in the existing regulatory capital framework for financial institutions. It is now widely accepted that the international minimum standards for capital and risk management – also known as Basel II or the Capital Requirements Directive (CRD) in the European Union (EU) – were not robust enough to accurately reflect the true level of risk inherent in the financial system.

01.11.2010

Press Article

Applying and complying

Iain Wright and Will German's article on how firms can manage regulatory risk was published in the first edition (Autumn 2010) of inCOMPLIANCE, the quarterly journal of the International Compliance Association. This article builds on a previous article which appeared in Compliance Monthly (May 2010). It provides advice for firms on how to implement and maintain control frameworks to deliver regulatory compliance including how firms can map the regulations that affect their business and how to use this map to develop practical working tools to manage regulatory risk.

01.05.2010

Press Article

Here be Dragons: Mapping the Regulatory Footprint of your Firm

Iain Wright and Will German's article on rules mapping is the feature article in the May edition of Compliance Monthly. This article is the first part of a two part series providing advice for firms on how to implement and maintain control frameworks to deliver regulatory compliance. This part covers how firms can map the regulations that affect their business. The second part (which will appear in the Compliance Monthly June issue) focuses on using this map to develop practical working tools to manage regulatory risk. This article draws upon examples and regulations applicable to the financial services sector; however, the principles and methodologies are relevant to firms in other industries.

Search

Press Article