In order to exercise the annual update of the Crisis Recovery Plan of the subsidiary of a large French bank and improve the coherence with the Group’s guide, the client has requested Avantage Reply to update and reinforce their Crisis Recovery Plan report with the focus on the Governance, Business activity analysis, the coherence with Contingency funding plan and the Group’s guide.
The client is the Luxembourg branch of a large French Group acting as a multi-specialist bank, offering services to business customers, institutional investors (Securities Services) and high net worth individuals (Private Banking) via its highly active trading room.
The client was looking to conduct an annual update of their Crisis Recovery Plan, as they were facing challenges in following the guide of the Group and in maintaining consistency on all its components with the holding. The previous year plan was lacking a well-established governance of Crisis Recovery Plan and the business activity analysis needed an updated assessment of all business lines.
Following the Group guide, the client has decided to set up an action plan to conduct an updated Business Model Assessment and a comprehensive governance framework associated to the Crisis Recovery Plan consistent with internal processes.
As a result of our project, the client was complying with the Group standards by achieving the following: