Briefing Notes

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ICT and Third-Party Risk Management

Briefing Note

BaFin Implementation Guidelines on DORA

This paper summarizes BaFin's September 2024 guidelines on implementing DORA in Germany’s financial sector, highlighting key differences in ICT and third-party risk management. It outlines actions for firms to align with DORA’s broader resilience requirements in governance, IT operations, and security.

AI Risk Management in Finance

Briefing Note

Financial institutions are prioritizing AI risk management, regulatory alignment, and governance in H2 2024. As AI adoption grows, firms...

Guide to Effective RDARR

Briefing Note

On 3rd May 2024, the ECB released its Guide on Effective Risk Data Aggregation and Risk Reporting (RDARR), relating to the Principles...

AML

Briefing Note

In an era marked by rapid globalization and technological advancement, combating money laundering and countering the financing of...

GUIDE TO EFFECTIVE RDARR

Briefing Note

On 3rd May 2024, the ECB released its Guide on Effective Risk Data Aggregation and Risk Reporting (RDARR), relating to the Principles...

Guide to Effective RDARR

Briefing Note

On 3rd May 2024, the ECB released its Guide on Effective Risk Data Aggregation and Risk Reporting (RDARR). Among seven areas...

Crypto Asset

Briefing Note

TIME TO MICAR

Crypto-assets and DLT technology are consolidating in the financial industry. Avantage Reply brings the right skill-set to support banks and financial institutions in embracing with innovation and new business models meanwhile managing risks and uncertainty.

AML

Briefing Note

Fresh from the presses! A tidal wave is looming on the horizon of the AML landscape: the first European Regulation on AML/CFT, an...

Briefing Note

This briefing note functions as a starting point for banks’ senior management to identify key priorities and design decisions for risk and...

Briefing Note

Solvent Exit Planning for Non-Systemic Banks and Building Societies

The Consultation Paper outlines the Prudential Regulation Authority’s (”PRA”) proposals for non-systemic banks and building societies in...

Briefing Note

Last amendment on SFTR

The European Securities and Markets Authority (ESMA) released an update to Validation Rules and XML Schemas for the Securities...

Briefing Note

The Bank of England has published its position on Basel 3.1 reforms, introducing a series of fundamental changes to the current prudential...

Briefing Note

Following Brexit, the UK Government has sought out ways to improve, clarify, and simplify the regulatory regime for UK financial...

Briefing Note

Carbon Asset Risk Assessment Framework

Among the many challenges relating to climate risk management is the question of identifying and assessing exposure to Carbon risk...

Briefing Note

Leveraging on its experience and in line with market practices, Avantage Reply has developed Solvency & Liquidity Stress Test...

Capital Management

Briefing Note

Leveraging on its experience and in line with market practices, Avantage Reply has developed a Capital planning tool. Flexible and easy to...

Risk Management

Briefing Note

The PRA has previously expressed concerns regarding potential errors stemming from the internal model estimation process within credit...

Regulation

Briefing Note

On 11 January 2021, the Prudential Regulation Authority (PRA) published a set of documents to outline its approach to international banks...

ICAAP

Briefing Note

Leveraging on its experience and in line with market practices, Avantage Reply has developed several assets for the ICAAP covering risk...

Operational Resilience

Briefing Note

Covid-19 as well as other physical events have left UK financial institutions anxious about their abilities to continue critical operations...

Green Economy

Briefing Note

On 9th November, the UK Treasury published a roadmap for mandatory disclosures outlining HMT’s explicit expectations regarding ...

Operational Risk

Briefing Note

Banks have now submitted their feedback on the Consultative Document on the Revisions to the Principles for the Sound Management of...

Green Economy

Briefing Note

During 2019/2020, the UK and EU introduced multiple climate documents to embed sustainable finance into financial systems to assist in...

Briefing Note

In 2017, the Financial Conduct Authority (FCA) announced that it would cease to compel banks to submit their input rates for the...

Covid-19

Briefing Note

The ECB has mandated a new reporting exercise in the light of the COVID-19 crisis in an effort to ensure the timely and consistent...

ESG

Briefing Note

A growing number of stakeholders, from governments to individuals, pension funds and asset managers, have realised that the application...

COVID-19 CRISIS

Briefing Note

The lockdown put in place to contain the spread of COVID-19 has triggered a sudden halt in the economy, with the impact felt intensely...

CSDR

Briefing Note

The CSDR (Central Securities Depository Regulation) was put into effect in September 2014, with the objective of harmonising settlement...

Liquidity Stress Test

Briefing Note

This briefing note aims to present first the forthcoming ECB's supervisory stress tests, highlighting areas that banks should anticipate by...

SREP

Briefing Note

The comprehensive common EU SREP framework was established in 2014 and has been applied in practice since 2016. Following global...

IRRBB

Briefing Note

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...

Custody banks

Briefing Note

On 18 April, the FCA released their 2017/18 Business Plan describing their planned work for the coming year. Amongst their priorities...

UK stress test

Briefing Note

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...

CRR 2/ CRD 5

Briefing Note

On 23 November 2016, the European Commission released its proposals to amend the Capital Requirements Regulation (CRR) and the...

Risk & Compliance

Briefing Note

'Leverage' means the relative size of an institution's assets, offbalance sheet obligations and contingent obligations to pay or to deliver or...

IFRS 9

Briefing Note

IFRS 9 - The novel paradigm for credit loss: implementation challenges and market updates

This publication offers valuable commentary from a broad spectrum of stakeholders including the standard setter, regulators and market participants. It targets C-Level Officers through the IFRS 9 Primer...

IFRS 9 - The novel paradigm for credit loss implementation challenges and market updates 0

Risk & Compliance

Briefing Note

With the Fundamental Review of the Trading Book (FRTB) nearing completion, the industry’s attention will move from assessing the...

Practice note

Briefing Note

Fundamental Review of the Trading Book: Internal Models

The Basel Committee on Banking Supervision’s (“BCBS’s”) second full consultative document on the fundamental review of the trading book (“FRTB”) , supplemented by a third paper in December 2014 covering outstanding issues , sets out significant revisions to the market risk capital requirements framework. Key areas include moving from Value at Risk (“VaR”) to Expected Shortfall (“ES”), varying liquidity...

Practice note

Briefing Note

MiFID II: implications for Commodity Derivatives

Commodity dealers are subject to important changes under MiFID II regulation. This has far-reaching implications for both commodity trading market participants and for the market as a whole. Exemptions for commodity derivative dealers are being removed and more...

Practice note

Briefing Note

Interest Rate Risk in the Banking Book 2015 QIS

In June 2013, the European Banking Authority launched a consultation paper on amendments and additions to the earlier CEBS Guidelines on interest rate risk arising from non-trading activities (IRRBB) published in 2006. The main objectives of the proposed changes were to...

Risk & Compliance

Briefing Note

On 23 January 2015, the EBA published its revised final draft Regulatory Technical Standards (RTS) laying out the requirements related to ...

Practice note

Briefing Note

Fundamental Review of the Trading Book: Current Developments

The recent financial crisis revealed material weaknesses in the regulatory capital framework for trading activities. Capital allocated to absorb trading losses displayed high volatility. As an initial rapid response to the apparent undercapitalisation of market risk, the Basel...

Practice note

Briefing Note

On 5 March 2014, the European Banking Authority (“EBA”) issued a report, which provides a policy analysis of aligning the current CRR1...

Practice note

Briefing Note

As the FCA approaches its first birthday, this paper sets out Avantage Reply’s observations on its approach to date, how firms have...