Publications

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Case Study

Warehouse and risk management framework - Gap analysis roadmap

Design and implement a risk management framework for monitoring warehousing and distribution risks to comply with the group minimum standards.

Case Study

IFRS 9 Impairment Model

A Tier 1 UK financial institution requested the support of Avantage Reply on the development of an in-house credit impairment model that would produce more accurate expected credit loss estimates and comply with the requirements of the IFRS 9 standard. Read the full case study here.

Case Study

Regulatory Reporting Remediation Program

Avantage Reply assisted a well-known Private Bank in Eurozone in improving the quality of FINREP & COREP reporting and in documenting internal production process. 

Case Study

Brexit Project Management Support and Risk Management Expertise

A US-headquartered G-SIB was looking to build a presence in the Eurozone (“Brexit Entity”) within a short period of time, amongst a great deal of Brexit uncertainty. Avantage Reply provided project management services to support the build-out of the Bank’s risk function enabling it to successfully deliver a highly-complex Brexit programme ready for the original Brexit date of March 2019.

Case Study

Regulatory Reporting Platform Migration

The client is a Private Banking and Asset Management institution headquartered in the Eurozone and present in 9 countries across Europe. The institution is under the direct supervision of the European Central Bank.

Case Study

Wind-Down Plan

Avantage Reply assisted a multi-asset broker, who primarily provides execution, clearing and prime brokerage services, with development of the Wind-Down Plan (WDP), required by the FCA. With a limited amount of time available, a detailed and extensive Wind-Down Plan was developed, following the FCA guidelines and industry best practices.

Case Study

Reverse Stress Test

A multi-asset bank, who primarily provides execution, clearing and prime brokerage services, requested Avantage Reply's assistance with the development of the reverse stress. Avantage Reply provided an expert team to revise and enhance the overall reverse stress testing methodology in time to submit the ICAAP before the regulatory deadline.

Case Study

Recovery Plan Test

Avantage Reply was requested by an international bank to design the crisis scenario, prepare the communication materials and to coordinate the execution of the recovery plan “fire drill”. Avantage Reply proposed an idiosyncratic and system-wide scenario that enabled them to test the formation of the bank's Crisis Management Committee (CMC) and provide concrete suggestions to improve the recovery plan.

Case Study

Data Lineage Roadmap Definition for the Brexit Entity of a Global Investment Bank

Avantage Reply assisted a leading global investment bank in putting together an end-to-end project plan and roadmap covering data lineage for market, credit and liquidity risk to satisfy the BCBS 239 requirements. This allowed the client to quickly mobilise the required stakeholders to ensure compliance.

Case Study

Electronic trading global policy and Governance framework

A major global investment bank requested Avantage Reply to assist in the delivery of a governance framework and global policy for electronic trading. Find out how Avantage Reply aided the client in developing, agreeing upon and embedding a tailored electronic trading governance framework in line with regulatory expectations.

Case Study

IMM, IMA and IRB: Roadmap Delivery for the Brexit Entity of a Global Investment Bank

Avantage Reply used their expertise to help the new Brexit entity of a global investment bank meet the requirements of the Capital Requirements Regulation (CRR). Learn about the challenges faced in developing and embedding the roadmap and the solutions provided.

CSDR

Briefing Note

Overview of the Settlement Internaliser in the CSDR

The CSDR (Central Securities Depository Regulation) was put into effect in September 2014, with the objective of harmonising settlement process and systems across Europe, after the financial crisis. This briefing note focuses on the role of the Settlement Internaliser and its reporting requirements under this regulation.  

SFTR

Briefing Note

Securities Financing Transactions Regulation

The European Commission introduced the Securities Financing Transactions Regulation to increase the transparency of securities financing markets. Avantage Reply takes a close look at the implications, challenges and opportunities posed by the regulation. 

EBA

Briefing Note

EBA ITS on supervisory reporting

On October 16th 2019, the EBA published the consultative paper on revised Implementing Technical Standards (ITS) on supervisory reporting, which aim to keep the reporting requirements in line with changes in the regulatory framework.

Case Study

Regulatory Credit Risk Database

Avantage Reply supported an globally operating European investment bank with maintenance and user assistance of the regulatory database used to compute and manage regulatory and accounting figures for the client’s group Common Reporting (CoREP).

GRC

White Paper

Governance, Risk and Compliance

This White Paper discusses questions such as: What are the supervisory expectations on Internal Control and how can GRC tools support an efficient Internal Control Framework? What needs to be considered when planning the implementation of a GRC tool? What future evolvements need to be anticipated?

IFRS 17

White Paper

Bringing Data Governance to IFRS 17

While IFRS 17 poses a range of challenges for insurance companies, it also represents an opportunity to redesign a strategy for data governance and generate new business value. This white paper explores the impact of IFRS 17 on data acquisition, storage, analysis and reporting. It provides a thorough analysis of the impact of the new standard in each step of the reporting cycle from the perspective of different facets of data as a foundation for a an actionable roadmap.

Case Study

ICAAP and Capital Management: Remediation plan and roadmap

Following an on-site inspection conducted by the ECB on the Group’s ICAAP and increasing supervisory requirements, the client was looking to establish a remediation plan and design a 2 year roadmap to strenghten their ICAAP and establish a capital management framework in line with market best practices. Avantage Reply was engaged to establish the remediation plan and design the roadmap to adress the findings of ECB’s on-site inspection, to comply with supervisory requirements and to be in line with market practices

Case Study

ICAAP/ILAAP – Gap Analysis and Roadmap

Faced with increasing supervisory expectations, the client mandated Avantage Reply to perform a gap analysis and define a remediation roadmap regarding its capital and liquidity adequacy assessment processes (ICAAP and ILAAP).

Case Study

Independent Model Validation

Avantage Reply was engaged by the independant validation function of a large bank to conduct independant model validation of risk management models, and backtesting reviews on a large scope of credit risk models.

Case Study

Model Risk Management - Reshaping of the independent validation function of financial risk models

Avantage Reply was engaged to assist the client in the reshaping of the independent validation function covering all financial risk models and valuation models, in order to be consistent with a Model Risk Management Framework, using regulatory guidelines, industry best practices and the Internal Audit recommendations.