Financial services case studies | Avantage Reply Page 3

Case Study

Functional Analyst

For a Top Tier Bank within its Data Quality Management (DQM) Department responsible for ensuring delivery of top quality reports to national and international regulators, the functional analyst joined the Agile team in charge of the liquidity-reporting tool: Moody's analytics liquidity solution.

Case Study

CAP support on Internal control framework and Third-Party Risk Management

The client is an insurance company where a team of insurance industry veterans who understand the challenges of MGAs and PA. Their goal is the implement and develop their business plan/action (already developed in Malta and in other countries) in the heart of Europe and other countries. We did support them in their policies, in their Third-Party Risk management (“TPRM”), in the completion of their risk register, in the support and control on the Risk Appetite Statement, in the completion of the Key Risk Indicators & metrics documents and in the support & control of the Own Risk and Solvency Assessment (“ORSA”) report.

Case Study

IT Department Management Reporting Re-engineering

Our client is the IT department of a European retail bank and insurance company. They require future-proof financial reporting available to managerial levels of their organisation. To achieve these ambitions, we defined a new reporting framework together with our client, and implemented the necessary tools and processes on that foundation. It has led to a considerable reduced workload in the preparation of reports, freeing up time for value-added activities, increased flexibility in reporting as to gain more insights, and further autonomy for end-users.

Case Study

Implementation of the supervisory stress test

Avantage Reply supported a large European bank with the submission of the 2020 ECB Stress Test exercise. The bank was looking for the assistance in implementing the new stress test methodology, completing all stress test templates, developing the explanatory notes and performing all necessary corrections during the ECB submission period. Avantage Reply supported the client through the 2020 ECB Stress Test as well as the 2021 post-COVID relaunch of the ECB Stress Test exercise. In addition, Avantage Reply carried out all project management activities during this project.

Case Study

Implementing new ILAAP Handbook

The client wished to perform an enhanced gap-analysis of the organisation’s current ILAAP framework against the ECB and EBA guidelines as well as to use this information to design and implement an ILAAP Handbook/Framework document covering all in-scope entities. The final deliverable also included a detailed remediation roadmap, which helped the client and its entities to remediate and align their ILAAP processes across the Group in line with the regulatory and supervisory requirements.

Case Study

Review of Internal ratings methodologies

The project focused around the full review of the credit rating methodologies for non-financial counterparties, specifically models for sovereigns, corporates, funds and asset managers. The objective of the project was to test and document the credit rating methodologies to meet regulatory requirements and start the model validation process. Avantage Reply started the review with a pre-assessment of the rating model based on the best practices in order to identify the models’ gaps in different areas.

Case Study

VALIDATION OF THE MONITORING TOOL

The client requested Avantage Reply’s assistance with the review and validation of their monitoring tool (i.e. Monitoring Scorecard). This tool aimed to standardise, centralise and implement a common control mechanism to the monitoring activities related to the general mandate universe. In the course of the project, Avantage Reply applied its expertise in model validation and worked in close liaison with the team who developed the monitoring tool in order to ensure the comprehensiveness of the tool validation and to analyse a possible extension of the application of this tool to other mandates.

Case Study

COST-BENEFIT ANALYSIS POLICY PROPOSAL

A leading trade association for the UK banking and financial services sector was looking to respond to one of the UK government bodies’ call for evidence on regulatory coordination in respect of recommendations for improving Cost/Benefit Analysis (CBA) by financial-services regulators in the UK. Avantage Reply was able to finalise the policy paper for the client to successfully submit their response to the UK regulator within the required timeframe.

Case Study

Transition to direct supervision by the European Central Bank

The ECB banking supervision is based on the same rules as local supervision (single rulebook), public information on the differences between both is not commonly available. While there are differences, these are on a practical level and only known to experts with insights on both locally and directly supervised banks. Avantage Reply prepared a review of these differences and the gaps of the client to these the previous year. The client wanted to have an update on these recommendations based on the progress that was made during the year, also with regard to the updated timeline to ECB supervision. To address these topics, Avantage Reply organised workshops with its subject matter experts and the client and reviewed the relevant documents provided by the client.

Case Study

RISK MANAGEMENT SUPPORT OF A UK SUBSIDIARY, EU BANK

An EU bank had established a UK subsidiary to continue the activities of their currently passported branch after Brexit. The goal of the project was to assist the client with developing documentation that aligned with internal expectations and regulatory requirements in the UK. Avantage Reply reviewed the risk management framework documentation for the subsidiary and four key documents for the subsidiary in the UK based on FCA regulation.

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