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FCA plans review of custody banks’operational resilience

Best Practice

On 18 April, the FCA released their 2017/18 Business Plan describing their planned work for the coming year. Amongst their priorities relating to retail customers, technology and AML was an announcement from the FCA of planned supervisory interventions in the custodian banking sector.

Monthly Financial Close Automation and Monitoring in an actuarial department

Case Study

Avantage Reply assisted a significant Insurer in the automation of recurrent tasks in its non-life actuarial department. The mission enabled the client to allocate more time in analysing, understanding and anticipating risks and provide decision-makers with accurate and appropriate insights to define strategic orientations.

Model Risk Management

Case Study

Avantage Reply was engaged to lead the design of a comprehensive model risk management framework. This comprised a new model governance, organisation, policy, and supporting documentation. It was fully aligned to industry best practice as well as model risk regulations, such as SR 11-7 (Fed) and TRIM (ECB).

Operational Risk & DataRobotics

Best Practice

DataRobotics 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.

The Single Resolution Mechanism: Stock take and looking forward

Best Practice

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.

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Definio Reply™ Pricing Service: Demo

Video

Definio Reply™ Pricing Service is the innovative Web-based Service for valuation of Illiquid, OTC and Structured Financial Instruments: Demo of the Web interface of the Service.

FCA plans review of custody banks’operational resilience

Best Practice

On 18 April, the FCA released their 2017/18 Business Plan describing their planned work for the coming year. Amongst their priorities relating to retail customers, technology and AML was an announcement from the FCA of planned supervisory interventions in the custodian banking sector.

Monthly Financial Close Automation and Monitoring in an actuarial department

Case Study

Avantage Reply assisted a significant Insurer in the automation of recurrent tasks in its non-life actuarial department. The mission enabled the client to allocate more time in analysing, understanding and anticipating risks and provide decision-makers with accurate and appropriate insights to define strategic orientations.

Model Risk Management

Case Study

Avantage Reply was engaged to lead the design of a comprehensive model risk management framework. This comprised a new model governance, organisation, policy, and supporting documentation. It was fully aligned to industry best practice as well as model risk regulations, such as SR 11-7 (Fed) and TRIM (ECB).

Operational Risk & DataRobotics

Best Practice

DataRobotics 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.

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Compliance Review, Recommendations and Improvements

Case Study

Avantage Reply was engaged to support and reinforce the Compliance department. This was done by reviewing and improving the tools and processes used for monitoring compliance with laws, regulations and internal policies. Through the review of compliance, the client wanted to gain assurance of its capacity to oversee controls, both from business operations and in terms of detecting and correcting compliance-related issues.

CRO Insights Journal Volume 2 / 2015

Best Practice

Following the 2008 crisis, financial regulation moved from the periphery to the centre of the global economic agenda. Risk discussions were no longer confined to technocratic circles but were taken up by the financial industry as a whole, including policy makers and the general public. We saw the increasing importance of Chief Risk Officers (CROs) and recognised the need for risk management to be embedded across all levels of an organisation. In 2014, Avantage Reply launched its CRO Insights Journal to respond to these shifts.

The Bank Recovery and Resolution Directive

Best Practice

While the regulatory framework on the the Bank Recovery and Resolution Directive is  being finalised, it is vital that institutions begin to analyse its impact.
This white paper provides a comprehensive review of the technical standards related to recovery plans, and observations provided by the industry. Informed by Avantage Reply’s experience in assisting our clients with the preparation of recovery plans, this paper also functions as a user-friendly guide to the technical process of recovery plan preparation.

Applying Big Data to Risk Management: Transforming Risk Management Practices within the Financial Services Industry

Best Practice

While Big Data is already being embraced in many fields, risk managers have yet to harness its power. Big Data technology has revolutionary potential. It can improve the predictive power of risk models, exponentially improve system response times and effectiveness, provide more extensive risk coverage, and generate significant cost savings. In a world of increasing complexity and demand, the ability to capture, access and utilise Big Data will determine risk management success.

CRO Insights Journal Volume 1 / 2014

Best Practice

At Avantage Reply, we recognise the value of contributing to and providing a forum for knowledge-sharing and the cross-fertilisation of risk practices across all industry segments.
We are hence launching Avantage Reply’s CRO Insights Journal, a publication that seeks to fill a gap by helping us all as an industry to better understand, measure and weigh the consequences of risk.
In this first issue, we elected to focus on how the Risk Function in general and the Chief Risk Officer’s responsibilities in particular have evolved.
We are privileged to share three leading CROs’ insights on these topics.

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