• 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

IFRS 9 Control Framework

FOCUS ON: Case studies,

The customer is a retail belgian bank focusing on mortgage loans and consumer credit. Following the implementation of the IFRS 9 ECL calculator, the need arised to implement a control framework to ensure timely and quality calculation and bookings, and integration in the accounting and reporting platforms. Avantage Reply helped the client bridge the distance between different departments to identify the right responsibilities at the right moment in the process to increase its reliability.

CUSTOMERS GOALS

The objective of the project was to :

    1. Set up controls on the IFRS 9 process : especially on the input part, a shared paltform for Risk, ALM and accounting under the principle of One Data Source.
    2. Embed the controls in the organisation of Bpost Bank, including process desctiption, the definition of roles, Raci matrixes and a management cockpit.
    3. Leverage on the previous work perfomed on the models by another firm, the recommendations of the auditors, and of the regulators

THE CHALLENGE

The first big issue was an organizational one: defining responsibilities for data that are received from an external provider, and that are re-used and shared across different departments. The two other main issues were linked to the project: the control framework was to be set up on a “TO BE” architecture, including changes linked to the new definition of default project that were not stabilized yet, making for a “moving target” situation. Finally, the project was delivered in the context of the Covid-19 lockdown, which limited our access to client network and resources.

APPROACH AND SOLUTION

The solution proposed by Reply was in three phases:

    1. Collection of the controls, quality criteria and common pitfalls
    2. Control framework definition, quality assurance
    3. Implementation and roll-out, embedding in the existing tools

CUSTOMER DESCRIPTION

The customer is a retail belgian bank focusing on mortgage loans and consumer credit.It serves over half a million clients. Our customer offers the various services of a traditional bank: the banking account, savings books, consumer loans, mortgage loans and credit insurance.

RELATED CONTENTS

Case Study

Enhancement of Internal Rating Based Framework

The client, a major universal bank featuring a significant wealth management activity, was in the process of enhancing its IRB framework (Internal Ratings Based) following Basel IV requirements and feedback from the European Central Bank (ECB). This program has been launched to repair internal models used to calculate own funds requirements for credit risk under the Internal Ratings Based (IRB) approach.

Case Study

Remediation of the outsourcing control framework

In 2021, an internal systemic Bank launched a holistic risk assessment of its Depositary Bank (DB) business. As part of this review, Avantage Reply performed a review of DB exposure to risks related to outsourcing arrangements including the effectiveness of controls to mitigate associated risks.

Case Study

Testing and management of migration to a new accounting system

Avantage Reply assisted a Finance department of a well-known private bank in their migration to a new accounting system and in the early post-migration phase. The project covered a wide range of activities such as...

 ​
 
 ​
 
Reply ©​​ 2023 - 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)