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Case Study

Implementing capabilities of Data Governance

Avantage Reply assisted a local universal bank with the effective implementation of data governance capabilities. As part of a broader initiative to ensure the bank’s compliance with BCBS 239 principles, our client needed to document the key source data related to credit risk and ALM calculation tools. Additionally, there was a need to define, implement and run processes allowing remediation of data quality-related issues.

Case Study

Review and remediation of the entire client base regarding AML/KYC requirements and review of the AML/KYC processes.

Avantage Reply was tasked by a leading Wealth and Fund Management Bank to review and remediate the existing customer base KYC information, specifically for AML/CTF requirements. This task was required on the one hand due to changing regulatory requirements, on the other hand, because of the effect caused by Brexit on the customer’s UK branch.

Case Study

FRAUD RISK: AN EXAMPLE OF OPERATIONAL RISK ASSESSMENT

The client, a crypto-currency exchange, has requested Avantage Reply to assist with an ongoing project around fraud risk. As the regulation around virtual asset service providers is not yet mature, the measurement of new and non-traditional operational risks is not an easy exercise. In fact, several players in the industry have recently found themselves being vehicles for the continuation of various financial crimes, including fraud. In the client landscape, scammers and individuals with malicious intentions have exploited the weaknesses of decentralized finance (DeFi) and have misappropriated even millions of dollars from their victims through first party or third party external fraud.

Case Study

MIGRATION AND TESTING OF CREDIT RISK MODELS

Avantage Reply assisted a European Institution in implementing its own version of Credit Risk models and migrating from Moody’s RAY to a Java-based solution implementation. The institution needed Avantage Reply support to ensure smooth communication between the business and the developers and to ensure the correct migration and implementation of the new models. All the process required completed documentation.

Case Study

Embedment of ICAAP & ILAAP exercise

Avantage Reply has assisted a Private Banking group in the Eurozone in their embedment of Internal Capital Adequacy Assessment Process (ICAAP) & Liquidity Adequacy Assessment Process (ILAAP) exercise, s.c. ICLAAP. Following the recommendation of the European Central Bank (ECB), bank’s current practice of ICLAAP had to be reviewed and challenged. The results of the review have been presented to the Management Body. In particular, identified gaps and attention points with respective actions to improve the way ICAAP and ILAAP are conducted. The analysis has been enriched with market best practices observed among various financial institutions in the Eurozone.

Case Study

Functional Analyst

For a Top Tier Bank within its Data Quality Management (DQM) Department responsible for ensuring delivery of top quality reports to national and international regulators, the functional analyst joined the Agile team in charge of the liquidity-reporting tool: Moody's analytics liquidity solution.

Case Study

CAP support on Internal control framework and Third-Party Risk Management

The client is an insurance company where a team of insurance industry veterans who understand the challenges of MGAs and PA. Their goal is the implement and develop their business plan/action (already developed in Malta and in other countries) in the heart of Europe and other countries. We did support them in their policies, in their Third-Party Risk management (“TPRM”), in the completion of their risk register, in the support and control on the Risk Appetite Statement, in the completion of the Key Risk Indicators & metrics documents and in the support & control of the Own Risk and Solvency Assessment (“ORSA”) report.

Case Study

Senior compliance officer support - Special AML-CFT task force for client files review in an important Belgian retail bank.

Our client, one of the most important Belgian retail bank, has requested the help of Avantage Reply for the constitution of a special task force in the field of AML-CFT (anti-money laundering and countering the financing of terrorism (AML-CFT).

Case Study

IT Department Management Reporting Re-engineering

Our client is the IT department of a European retail bank and insurance company. They require future-proof financial reporting available to managerial levels of their organisation. To achieve these ambitions, we defined a new reporting framework together with our client, and implemented the necessary tools and processes on that foundation. It has led to a considerable reduced workload in the preparation of reports, freeing up time for value-added activities, increased flexibility in reporting as to gain more insights, and further autonomy for end-users.

Case Study

Senior compliance officer – Support the second line of defense of an important retail bank in transaction monitoring

Our client, an important Belgian retail bank, has requested the help of Avantage Reply for the support of its second line of defense team in the field of AML-CFT (anti-money laundering and countering the financing of terrorism).

Case Study

Internal control framework support

The project was performed for an insurance company acting in the non-life insurance market. As the company grew fast, they required support within the risk and compliance departments, to establish the risk and control register, to elaborate policies and procedures and to work on the due diligence process.

Case Study

CAP Risk Regulatory – Support for CRO

The client required support for different projects including those related to the National and the European regulators’ supervision. In particular, support was provided for researches about the Climate related Risks which is a recent topic covered by regulators. To achieve this objective, a daily ongoing support was performed and an in-depth researches on the Climate related Risk with a Regulatory Monitoring was provided.

Briefing Note

NEW SUPERVISORY REGIME FOR NON-SYSTEMIC BANKS

Following Brexit, the UK Government has sought out ways to improve, clarify, and simplify the regulatory regime for UK financial institutions. On April 29, 2021, the PRA published a Discussion Paper, “A Strong and Simple Prudential Framework for Non-Systemic Banks and Building Societies”, outlining its proposed changes to the prudential framework regime for non-systemic banks and building societies to ensure the resilience, stability, and soundness of smaller firms.

Briefing Note

SUPERVISORY EXPECTATIONS FOR NEWLY AUTHORISED BANKS

Following Brexit, the UK Government has sought out ways to improve, clarify, and simplify the regulatory regime for UK financial institutions. On April 15, 2021, the PRA published a Supervisory Statement, “Non-systemic UK banks: The Prudential Regulation Authority’s approach to new and growing banks”, outlining its supervisory expectations for newly authorised non-systemic banks in the UK.

Case Study

ICAAP and ILAAP report

The client, a banking institution specialised in financing companies, requested Avantage Reply’s assistance to prepare and provide recommendations for the ICAAP and ILAAP reports, and then based on the recommendations, align the reports with the regulatory requirements.

Case Study

Implementation of the supervisory stress test

Avantage Reply supported a large European bank with the submission of the 2020 ECB Stress Test exercise. The bank was looking for the assistance in implementing the new stress test methodology, completing all stress test templates, developing the explanatory notes and performing all necessary corrections during the ECB submission period. Avantage Reply supported the client through the 2020 ECB Stress Test as well as the 2021 post-COVID relaunch of the ECB Stress Test exercise. In addition, Avantage Reply carried out all project management activities during this project.

White Paper

EXPLORING THE IMPLEMENTATION OF THE EU TAXONOMY FOR FINANCIAL INSTITUTIONS

The birth of a general and structured regulation framing environmental performance of financial institutions creates a series of governance and practical questions within the industry. Its relative nascent stage requires an implementation far from traditional financial and risk reporting. Banks and Insurances, among others, need to anticipate the role of all their business lines, their data and insurers their top governance management in this implementation.

White Paper

Integrating Climate Risk into Credit Risk Modelling

This opinion paper note intends to describe the emerging practices in terms of integrating climate risk into credit risk modelling.

Briefing Note

Regulatory Reporting - Practical roadmap to implementing regulatory changes

The European Banking Authority (EBA) is responsible for setting harmonised prudential rules for financial institutions throughout the EU. To achieve this objective, the EBA has developed Binding Technical Standards and guidelines commonly known as Implementing Technical Standards (ITS) for regulatory reporting – standards that must be respected by all European financial institutions.

Climate change

White Paper

Climate risk stress tests – Challenges & Capabilities

The purpose of this paper is to share preliminary thoughts regarding climate risk stress tests including already planned ECB SSM climate risk stress testing exercise but also our service offer for French customers in terms of climate risk stress testing. It describes our main skills and capabilities including our analysis and acceleration tools before sharing the types of interventions that we cover and our credentials.

Stress Tests

White Paper

Stress Tests

The purpose of this paper is to share our service offer for French customers in terms of stress testing. It describes our main skills and capabilities including our analysis and acceleration tools before sharing the types of interventions that we cover and our credentials.

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