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This briefing note focuses on the key sets of guidelines on institutions’ stress testing, highlighting areas that banks should carefully evaluate to address the requirements in a timely fashion considering compliance and associated operational issues.
On the 31 October 2017, the EBA published a consultation paper. The objective is to consult on the revisions in the first quarter of 2018, targeting practical implementation by the end of 2018. This publication focuses on the implications of these latest developments for banks, highlighting areas that should be evaluated when addressing the requirements, considering all compliance operational issues.
The Basel Committee on Banking Supervision bowed to the inevitable on December 7, announcing a three-year postponement to the implementation of the FRTB, which had been due for January 2019. Lawmakers in the European Union had been thinking about delaying beyond that date, and the US transposition process has not even started. (Samuel Wilkes, Risk.Net)
On Tuesday 12 December 2017, Avantage Reply will be hosting a Business Breakfast meeting in its offices in Luxembourg. The Breakfast will provide an opportunity to discuss evolving regulatory requirements and industry approaches to the management of model risk with a focus on independent model validation.
In February 2017, the ECB launched the executive phase of the Targeted Review on Internal Models (TRIM). This White Paper provides both an update for the Credit Risk side and shares the common understanding related to the latest results and future points of attention. It also discusses the requirements for the design of the process and IT architectures supporting the regulatory exercises, as well as providing best practices for institutions.
There have been vast changes since the 1995 introduction of the Data Protection Directive that is being replaced. In this edition, we remind the legal framework and enter the discussion of how the GDPR is being handled by Banks. We share the lessons learned, the challenges and give recommendations. Finally, we welcome our readers to put themselves in the shoes of a DPO and tackle the complexity of GDPR with a PAI.
During 2017, the EBA and the ECB released several publications concerning the SREP process and supervisory stress tests. This Briefing Note focuses on the implications of these latest regulatory developments, highlighting areas that banks should carefully evaluate to address the requirements in a timely fashion, considering all compliance and associated operational issues.
On 22 September, Avantage Reply hosts a Data Quality & Automation in Insurance event. The audience will have the opportunity to discover the importance of data quality (NBB), a feedback on the Risk Data Quality Automation (Euler Hermes), a feedback on the Solvency II Closing Process Automation (P&V) and case studies (Avantage Reply).
In this article, Risk.Net gives an overview of the current trends in the finance and risk university programmes and how practitioners such as Avantage Reply actively collaborate to students' development.
Models are an integral part of modern banking. They are used inter alia to price transactions, value portfolios and optimise returns. They are also a key cornerstone of the regulatory framework, used to determine required capital and liquidity. In this paper, we set out the key cornerstones of a modern model risk management framework. We start with an overview of the regulatory (i.e., mandatory) requirements, but then consider in greater detail other aspects of the framework, in particular those where some element of management discretion remains.
Open Reply is honoured to have been chosen as a partner to support ABBL's Digital Banking and FinTech Innovation Cluster in developing and delivering a series of 40 workshops on FinTech topics.
On Thursday 1st June, Avantage Reply sponsors the PRMIA event on the Future of Models. The event will take place at the Amsterdam Institute of Finance.
On 1st June 2017, Avantage Reply invites you to the GDPR Briefing taking place in Brussels. The event offers the opportunity to discuss the legal framework, the implications as well as the IT impacts of GDPR.
Data Robotics Solutions are emerging as a highly effective, yet practical approach for banks to reduce operational risk, improve efficiency, reduce costs and derive additional value. From Robotic Process Automation to machine learning enabled Intelligent Process Automation, banks that have started implementing these solutions are reaping the rewards, both from a financial and compliance perspective.
This White Paper takes stock of the current state of play of the resolution framework in the Banking Union, a little bit over one year after the entry into application of the Single Resolution Mechanism, and contemplates the associated challenges (as well as opportunities) for banks in that context.
On 27 March the BoE published the scenarios for their fourth annual stress test. Clearly this is not just a routine annual process; the BES and IFRS 9 make this test more operationally challenging. This paper takes a brief look at ways banks can improve the efficiency of their stress tests in the future.
Avantage Reply announces its collaboration with Credo, an experienced player in credit risk since 2001, for 2017 and onwards. Through this partnership, Avantage Reply and Credo will collaborate in offering and assisting institutions with the implementation of an end-to-end solution for IFRS9 phase 2.
The EIOPA issued on 2 December 2016 a discussion paper on “potential harmonisation of recovery and resolution frameworks for insurers”. The aim of this document is to focus on key aspects of the discussion paper on which EIOPA is seeking feedback from insurers.
On 26 April 2017, Avantage Reply hosts a ICAAP/ILAAP roundtable breakfast in Luxembourg.
On 8 March 2017, Avantage Reply hosts a Shadow Banking roundtable breakfast at the Chamber of Commerce in Luxembourg.
This White Paper shares insights on how Eurozone credit institutions have been dealing with the first two SREP exercises. It also shares our understanding of the ECB’s current and future expectations. Last but not least, the Paper explores the impact of the changes in supervisory practices and how these have affected and will continue to affect credit institutions in the Eurozone.
In the article, Ram Ananth, Senior Manager at Avantage Reply was interviewed on the interpretation of European rules for hard-to-model risks under new trading book capital rules