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The Academy will provide continual training and education for our staff members in our twelve offices in Europe and the United States and is also open to clients.
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.
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.
Avantage Reply has been announced as Sponsor for the Master in Insurance & Risk Management at MIB Trieste School of Management, nationally accredited and internationally ranked among the top 10 in the World (Eduniversal Ranking 2016). Along with other sponsors, Avantage Reply will serve the School providing insight and advice as the program develops.
As part of their current target of making capital modelling more transparent, simple and consistent across different banks, the BCBS has proposed the SMA as a single and non-model based method for assessing operational risk and calculate Pillar I capital requirements, replacing all four approaches currently in place. The SMA is expected to establish consistency regarding the regulatory capital measurement for operational risk, to promote comparability of risk-based measures and to reduce the model complexity.
On 23 November 2016, the European Commission released its proposals to amend the Capital Requirements Regulation (CRR) and the fourth Capital Requirements Directive (CRD 4). This Briefing Note presents an overview of these regulatory developments highlighting areas that banks should carefully evaluate.
Of all the implementation challenges posed by FRTB, data is perhaps the most daunting, given the complexity of the regulation. To help develop industry standards, ISDA has launched the FRTB Data Standards project. This initiative is aimed at reaching a common industry consensus on the interpretation of risk-factor modellability rules under the FRTB, and a shared set of business requirements to support risk-factor assessment and data capture.
The Bank of England has published the results of their annual concurrent stress test confirming that, in aggregate, the UK banking system is sufficiently capitalised to withstand a severe stress. However the regulator has been clear: there is more work to do for banks to have a sufficiently robust stress testing process. In this briefing,
Avantage Reply provides its analysis and its perspectives on how banks can up their stress testing game.
On 26th January 2017, Avantage Reply is hosting its first RAF, ICAAP, ILAAP & SREP roundtable in Paris. After a presentation, the attendees will have the opportunity to hear the feedback from a German significant institution on Governance & Risk Management Assessment.
The second consultative document for revisions to the Standardised Approach for Credit Risk was published in December 2015. It proposed significant revisions to the current credit risk capital framework and the first consultative document published in December 2014.
Barely a year after the entry into force of the Fourth Directive, the European Commission published on July 5, 2016 a fifth Directive proposal to strengthen the rules on transparency with regard to beneficial owners of companies and trusts to prevent tax evasion and money laundering.
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.
There are differences between countries in the riskiness of life. Cultures also differ in their perceptions of and preferences for risk. Scott Warner, Senior Manager at Avantage Reply discuss the topic in the Intelligent Risk Magazine.
On Wednesday 23 November 2016, Avantage Reply hosts its second Annual Risk & Regulatory Symposium. The event takes place at Crown Plaza in London.
Banks are considering excluding risk factors deemed immaterial from their risk models as a way to avoid a capital charge add-on for hard-to-model risks under the new trading book capital rules, but the strategy could be derailed by the will of regulators or by failing the internal models test.
STUDENT RISK & REGULATORY HACKATHON is a European student live challenge, offering students from 5 cities in Europe the opportunity to work for one day on generating innovative solutions to a failing bank. The event will be open to all students from HEC Liege, Imperial London College, VU Amsterdam, Luiss in Rome and students from Manheim University and Frankfurt School of Finance.For further information, please
The world of FinTech has the potential to transform the Financial Services industry. What does this mean, and what are the implications for Risk Managers?
On Monday and Tuesday 21 and 22 June 2016, Avantage Reply will give a presentation on
Risk Data Aggregation and Risk Reporting at the Risk & Supervision event organised by the Italian Banking Association.
"The title of one of the Basel Committee on Banking Supervision’s (BCBS) consultative documents pretty much sums up its attitude towards internal models as the cost of capital for using derivatives and certain asset classes continues to ratchet-up". Sergio Gianni and Dean Mitchell, Partners with Avantage Reply, answer the questions from the Global Risk Regulator.
On May 25, 2016,
Avantage Reply sponsors the 33rd International Conference of the French Finance Association. The French Finance Association Conference is one of the main European conferences in finance. The Conference gives researchers the opportunity to present their research work and exchange ideas.