The client, a European-based leading bank in online financial services that offers state-of-the-art solutions to meet investment needs, required support from Avantage Reply on the preparation of a regulatory inspection for Credit risk and IT-related topics.
The customer needed support from our team of experts in two areas:
In addition, during the regulatory inspection, our team consulted the client regarding the treatment of questions raised by the regulator.
The interaction between stakeholders during the project took place remotely. Therefore, one of the main challenges was to engage the key stakeholders and ensure their project expectations were met. Moreover, another challenge was ensuring that access to the required documentation was provided on time so that the exhaustive review is performed within the tight timeline, as requested by the local regulator.
Avantage Reply provided two resources who performed the detailed review of the credit risk processes and procedures including a technical review of the IFRS 9 impairment models and RWA calculation approach.
The deployed team conducted the following: