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.
Financial institutions are prioritizing AI risk management, regulatory alignment, and governance in H2 2024. As AI adoption grows, firms...
On 3rd May 2024, the ECB released its Guide on Effective Risk Data Aggregation and Risk Reporting (RDARR), relating to the Principles...
In an era marked by rapid globalization and technological advancement, combating money laundering and countering the financing of...
On 3rd May 2024, the ECB released its Guide on Effective Risk Data Aggregation and Risk Reporting (RDARR). Among seven areas...
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.
Fresh from the presses! A tidal wave is looming on the horizon of the AML landscape: the first European Regulation on AML/CFT, an...
This briefing note functions as a starting point for banks’ senior management to identify key priorities and design decisions for risk and...
The Consultation Paper outlines the Prudential Regulation Authority’s (”PRA”) proposals for non-systemic banks and building societies in...
The European Securities and Markets Authority (ESMA) released an update to Validation Rules and XML Schemas for the Securities...
The Bank of England has published its position on Basel 3.1 reforms, introducing a series of fundamental changes to the current prudential...
Following Brexit, the UK Government has sought out ways to improve, clarify, and simplify the regulatory regime for UK financial...
Among the many challenges relating to climate risk management is the question of identifying and assessing exposure to Carbon risk...
Leveraging on its experience and in line with market practices, Avantage Reply has developed Solvency & Liquidity Stress Test...
Leveraging on its experience and in line with market practices, Avantage Reply has developed a Capital planning tool. Flexible and easy to...
The PRA has previously expressed concerns regarding potential errors stemming from the internal model estimation process within credit...
On 11 January 2021, the Prudential Regulation Authority (PRA) published a set of documents to outline its approach to international banks...
Leveraging on its experience and in line with market practices, Avantage Reply has developed several assets for the ICAAP covering risk...
Covid-19 as well as other physical events have left UK financial institutions anxious about their abilities to continue critical operations...
On 9th November, the UK Treasury published a roadmap for mandatory disclosures outlining HMT’s explicit expectations regarding ...
Banks have now submitted their feedback on the Consultative Document on the Revisions to the Principles for the Sound Management of...
During 2019/2020, the UK and EU introduced multiple climate documents to embed sustainable finance into financial systems to assist in...
In 2017, the Financial Conduct Authority (FCA) announced that it would cease to compel banks to submit their input rates for the...
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...
A growing number of stakeholders, from governments to individuals, pension funds and asset managers, have realised that the application...
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...
The CSDR (Central Securities Depository Regulation) was put into effect in September 2014, with the objective of harmonising settlement...
This briefing note aims to present first the forthcoming ECB's supervisory stress tests, highlighting areas that banks should anticipate by...
The comprehensive common EU SREP framework was established in 2014 and has been applied in practice since 2016. Following global...
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...
On 18 April, the FCA released their 2017/18 Business Plan describing their planned work for the coming year. Amongst their priorities...
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...
On 23 November 2016, the European Commission released its proposals to amend the Capital Requirements Regulation (CRR) and the...
'Leverage' means the relative size of an institution's assets, offbalance sheet obligations and contingent obligations to pay or to deliver or...
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...
With the Fundamental Review of the Trading Book (FRTB) nearing completion, the industry’s attention will move from assessing the...
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...
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...
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...
On 23 January 2015, the EBA published its revised final draft Regulatory Technical Standards (RTS) laying out the requirements related to ...
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...
On 5 March 2014, the European Banking Authority (“EBA”) issued a report, which provides a policy analysis of aligning the current CRR1...
As the FCA approaches its first birthday, this paper sets out Avantage Reply’s observations on its approach to date, how firms have...