Avantage Reply assisted a well-known Private Bank in the Eurozone in the transition to the new regulatory reporting requirements into force from June 2021, i.e. Capital Requirements Regulation 2 / CRR 2. In particular, the reporting function needed support on the following topics:
The client was looking for additional support in order to implement regulatory changes required by CRR 2.
The project involved a vast scope of regulatory topics and activities performed by the institution. As a result, the primary challenge was to understand and process a great amount of regulatory and internal data in order to arrive at meaningful conclusions. Moreover, due to regulatory deadlines, the team had to provide a clear roadmap with action plan to meet regulatory requirements.
Avantage Reply conducted in depth analysis and delivered a number of solutions, primarily focused on the following: