Publications

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Guide to Effective RDARR

Briefing Note

Data governance framework, including the role of the 'validation function'

On 3rd May 2024, the ECB released its Guide on Effective Risk Data Aggregation and Risk Reporting (RDARR), relating to the Principles adopted by the Basel Committee on Banking Supervision (BCSB 239). The ECB outlined its supervisory expectations across seven key areas; this one-pager focuses on the ECB's expectations regarding the data governance framework in Significant Institutions (SIs).

AML

Briefing Note

EU'S FINANCIAL SHIELD: STRENGTHENING AML MEASURES IN A GLOBALIZED ERA

In an era marked by rapid globalization and technological advancement, combating money laundering and countering the financing of terrorism (AML/CFT) has become imperative for maintaining the integrity of financial systems worldwide. Nowhere is this challenge more pronounced than in the European Union, a region characterized by diverse economies and interconnected financial networks.

GUIDE TO EFFECTIVE RDARR

Briefing Note

ECB SUPERVISORY EXPECTATIONS ON BCBS239: SCOPE OF APPLICATION

On 3rd May 2024, the ECB released its Guide on Effective Risk Data Aggregation and Risk Reporting (RDARR), relating to the Principles adopted by the Basel Committee on Banking Supervision (BCSB 239). The ECB outlined its supervisory expectations across seven key areas; this one-pager focuses on the ECB’s expectations regarding the scope of application of BCBS 239 in Significant Institutions (SIs).

Guide to Effective RDARR

Briefing Note

RESPONSIBILITIES OF THE MANAGEMENT BODY

On 3rd May 2024, the ECB released its Guide on Effective Risk Data Aggregation and Risk Reporting (RADRR). Among seven areas considered prerequisites for sound data governance and effective processes for identifying, monitoring, and reporting risks, the ECB placed at the forefront the responsibilities of the Management Body of Significant Institutions (SIs).

BCBS239

Briefing Note

A RENEWED ECB PRIORITY

On 3rd May 2024, the ECB released its Guide on Effective Risk Data Aggregation and Risk Reporting. Aimed at addressing deficiencies and guiding institutions toward significant improvements, the Guide delineates the ECB's supervisory expectations. Avantage Reply offers specialised support to Significant Institutions (SIs) and interested Less Significant Institutions (LSIs) in navigating and implementing the principles of BCBS239.

AVANTAGE REPLY THOUGHT LEADERSHIP AND SERVICE OFFERING

Crypto Asset

Briefing Note

TIME TO MICAR

Crypto-assets and DLT technology are consolidating in the financial industry. Avantage Reply brings the right skill-set to support banks and financial institutions in embracing with innovation and new business models meanwhile managing risks and uncertainty.

AML

Briefing Note

AML package

Fresh from the presses! A tidal wave is looming on the horizon of the AML landscape: the first European Regulation on AML/CFT, an independent and autonomous authority specific to AML... 2024 will be a landmark for financial crime regulation!The GRC Team is proud to present an in-depth look at the AML Package set to be adopted by the end of the year.

Briefing Note

Six Design Principles for Bank Risk and Control Operating Model Transformations in 2024

This briefing note functions as a starting point for banks’ senior management to identify key priorities and design decisions for risk and control target operating model (TOM) transformations in 2024. It has been developed by identifying the key supervisory priorities of the UK and EU regulators, analysing strategic risk management trends in the industry, and leveraging Avantage Reply’s insights from developing target operating models for a range of risk and control functions at some of the most significant financial institutions across Europe.

Case Study

Risk Support

Avantage Reply provided support to the Risk department of a custodian bank that operates at an international level. The goal was to help with the completion of the department’s daily tasks and any upcoming projects

Case Study

Risk Management Support

The client began a project to switch to a new core banking system and aimed to complete this transition quickly with minimal impact on their daily processes and duties.

Case Study

Internal Audit of the Recovery Plan

The client, an independent and privately-owned banking group which provides private banking services, wanted an external expert to support their internal audit team. In particular, the client wanted to review and provide assurance that their Group Recovery Plan is in line with the latest regulatory requirements and best market practices.

Case Study

Standardized Approach for Counterparty Credit Risk

The client, a major banking group offering a broad range of financial products and services such as bilateral loans, trade financing and derivative products to corporate and institutional clients, required assistance with calculating the capital requirements for counterparty credit risk under the new standardized approach.

Case Study

Compliance Support

Avantage Reply supported the Compliance department of an internationally operating Private Bank / Financial Services Company in moving its European headquarters between countries. This involved PMO support, regulatory analysis and assessment of the Bank’s Compliance functions across several locations in the Eurozone, the UK and other European countries.

White Paper

Climate and environmental risk integration within the prudential framework: Sustainable-FRTB

Climate change will continue for many decades to come, Banks should adequately incorporate climate-related and environmental risk within their governance and risk management frameworks in order to mitigate risks.

Briefing Note

Solvent Exit Planning for Non-Systemic Banks and Building Societies

The Consultation Paper outlines the Prudential Regulation Authority’s (”PRA”) proposals for non-systemic banks and building societies in the UK to prepare, as part of their business-as—usual activities, for an orderly ‘solvent exit’ and if needed, to be able to execute one.

Briefing Note

DORA - Overview of the Joint Consultation on the First Batch of DORA Policy Products

On 19th June 2023, The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) launched a public consultation on the first batch of policy products under the DORA. This pack provides an overview of the four draft regulatory technical standards (RTS) and one set of draft implementing technical standards (ITS) released.

Case Study

Recovery Planning under ECB supervision

The client, an ECB-supervised bank, is required to maintain and update their Recovery Plan regularly. In this context, the client requested the assistance of Avantage Reply, to assist the bank in the production of its Group Recovery Plan.

Case Study

Enhancement of the Group’s ICAAP Framework

Avantage Reply undertook a project to assist an international banking group in enhancing its Internal Capital Adequacy Assessment Process (ICAAP) framework in alignment with best banking practices.

Case Study

ICAAP/ILAAP Reports Update and Enhancement

Avantage Reply assisted a client with their objective to produce two regulatory reports namely the Internal Capital Adequacy Assessment Process (‘ICAAP’) and the Internal Liquidity Adequacy Assessment Process (‘ILAAP’).

Case Study

Regulatory Reporting Support

In the context of transferring banking activities to another partner, the bank (the client) must comply with European banking authority (EBA) reporting requirements. The bank is required to produce regulatory reporting on a monthly and quarterly basis (i.e., COREP, FINREP etc.) Avantage Reply was engaged to provide support and expertise to generate regulatory reporting.

Case Study

ILAAP Internal Audit Support

Avantage Reply assisted the internal audit department of a leading private bank in the Eurozone, a less significant institution (LSI) that is part of an international group.