• about reply
Avantage Reply Logo
Menu
  • About Us
    About Us
    • About Us
    • History
    • Our Approach
    • Values
    • Alumni
    • Strategic Partners
    • Media Contacts
    • Contact Us
  • Our Capabilities
    Our Capabilities
    • Our Capabilities
    • Risk
    • Insurance
    • Finance
    • Conduct & Compliance
    • Technology
  • Newsroom
    Newsroom
    • Newsroom
    • News
    • Events
    • Press Articles
    • Blog
    • Academy
  • Publications
    Publications
    • Publications
    • Briefing Notes
    • Case Studies
    • CRO Insights Journals
    • Infographics
    • White Papers & Practical Guides
  • Career
    Career
    • Career
    • BELGIUM
    • FRANCE
    • ITALY
    • LUXEMBOURG
    • NETHERLANDS
    • UK
  • about Reply
Avantage Reply Logo

Search

Case Studies

Case Study

CFO Assistance

FOCUS ON: Case studies, Finance,
SUMMARY

The client, a G-SIB specialised in Private Banking and Asset Management, Trade Finance and Corporate Banking, needed support to produce their BASEL III regulatory reporting in line with EBA ITSs. The local regulator forced the Bank to automate their regulatory reporting, especially the Liquidity and Solvency reporting because of recurring errors in regards to the regulatory deadlines. Avantage Reply assisted the CFO by organising the work streams within the department and by developing simple and automated models to ensure the compliance with those regulatory requirements.

CHALLENGES

To effectively support the client, Avantage Reply needed to quickly gain a deep understanding of the client organisation, its operations and financial data and to develop some tools that the client could use after the project. Indeed, the most difficult part was to work in a foreign environment and with an American accounting software that is not dedicated to European regulations.

APPROACH AND SOLUTION

Firstly, Avantage Reply conducted a gap analysis between the current status of their regulatory reporting with the CSSF comments and EBA requirements, including some audit points. Then, Avantage Reply implemented some automated tools (in excel) that computes automatically their regulatory reporting, including FinREP, CoREP, Large exposures, LCR, NSFR, ALMM, AE. Thanks to the automation of regulatory reporting, the CFO had more time to conduct quality and consistency checks on the reports before final submission. In parallel, Avantage Reply also created a simplified model to monitor their liquidity risks on a daily basis that is used by the Treasury and Accounting department.

RESULTS AND BENEFITS

Avantage Reply reviewed, produced and automated the required reports in due time to the CSSF and ECB as well as ensuring the quality of all reports were in line with EBA ITSs. For internal purposes, the Board of the client required the CFO to monitor their Liquidity issues on a daily basis in order to avoid potential breaches.

RELATED CONTENTS

Case Study

Counterparty Credit Risk (Pillar 1 and 2)

The client, a major banking group specialised in the provision of online banking and trading services, was in the process of launching new derivative products for its retail clients and required assistance for the counterparty credit risk calculations and regulatory reporting of these products.

Case Study

Standardised Approach for Counterparty Credit Risk

The client, a major banking group specialised in the provision of online banking and trading services, was in the process of launching new derivative products for its retail clients and required assistance with calculating the capital requirements for counterparty credit risk under the new standardised approach. This project was a continuation of similar work which Avantage Reply performed prior for this client, regarding the mark-to-market approach.

Case Study

Development and implementation of the IRB-models

Avantage Reply supported a large bank in Luxembourg with a complete transformation of the internal credit risk model portfolio. In doing so, our team was involved in several steps of the model lifecycle: model development, model backtesting, model validation by the second line of defense, model review by the ECB and implementation of the model in the bank’s IT system.

 ​
 
 ​
 
Reply ©​​ 2022 - Company Information -
 Privacy Cookie Settings​
  • Abou​t Reply​​
  • Investors​​​
  • Newsroom
  • Follow Reply on
  • ​
​
  • ​About Avantage ​​Reply
  • Privacy & Cookies Policy
  • Information (Client)​
  • Information (Supplier)
  • Information (Candidate)