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Case Studies

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Case Study

Internal Audit of the ICLAAP

The client, an independent and privately-owned banking group which provides private banking services, wanted an external expert to support their internal audit team. In particular, the client wanted to review and provide assurance that their Internal Capital & Liquidity Adequacy Assessment Process (ICLAAP) is in line with the latest regulatory requirements and best market practices.

Case Study

Credit Risk Reporting Automation

The client, a major banking group offering a broad range of credit facilities to its corporate and institutional clients as well as its retail clients. These facilities include bilateral and syndicated loans in the form of term or revolving facilities in addition to bonds, letter of guarantees and other types of facilities. Since the Bank was producing all of its Credit Risk related reports manually, they required assistance in report process automation.

Case Study

BCBS239 program

The client, a private bank, had to comply with the BCBS239 regulation. As an action plan, a BCBS239 implementation program has been activated.Avantage Reply Luxembourg was invited to accompany the organization during this journey.

Case Study

Internal Audit Credit Support

The client, a major banking group specialising in offering a broad range of credit facilities to its corporate and retail clients, including residential and commercial real estate loans among its offerings. Since the Bank had a strategy to enlarge its credit exposure in the real estate portfolio, an audit mission was conducted at the Group level to verify all aspects related to the real estate lending portfolio.

Case Study

Support to the Chief Compliance Officer

The client, a major player in the fund industry, contacted Avantage Reply seeking assistance to its Chief Compliance Officer. Indeed, as part of a fast-changing environment and due to new activities and projects being launched, the client needed Avantage Reply to bring expertise in covering all compliance topics of its "Business as Usual" activities as well as to assist and advise on its new Fund Dealing projects. 

Case Study

Large Exposure & Connected Clients

The objective of this project was the identification of ‘connected clients’ as clients so closely linked by idiosyncratic risk factors that it is prudent to treat them as a Single Risk. The client is a leading multinational private bank and financial services company. 

Case Study

ICLAAP and Pillar 3 reports

The client, a banking institution specialised in financing of companies in Luxembourg, requested Avantage Reply's assistance in preparing and improving their Internal Capital and Liquidity Adequacy Assessment Process (ICLAAP) as well Pillar 3 report, and then based on the recommendations, align the reports with the regulatory requirements.

Case Study

Risk Support

Avantage Reply provided support to the Risk department of a custodian bank that operates at an international level. The goal was to help with the completion of the department’s daily tasks and any upcoming projects

Case Study

Risk Management Support

The client began a project to switch to a new core banking system and aimed to complete this transition quickly with minimal impact on their daily processes and duties.

Case Study

Internal Audit of the Recovery Plan

The client, an independent and privately-owned banking group which provides private banking services, wanted an external expert to support their internal audit team. In particular, the client wanted to review and provide assurance that their Group Recovery Plan is in line with the latest regulatory requirements and best market practices.

Case Study

Standardized Approach for Counterparty Credit Risk

The client, a major banking group offering a broad range of financial products and services such as bilateral loans, trade financing and derivative products to corporate and institutional clients, required assistance with calculating the capital requirements for counterparty credit risk under the new standardized approach.

Case Study

Compliance Support

Avantage Reply supported the Compliance department of an internationally operating Private Bank / Financial Services Company in moving its European headquarters between countries. This involved PMO support, regulatory analysis and assessment of the Bank’s Compliance functions across several locations in the Eurozone, the UK and other European countries.

Case Study

Recovery Planning under ECB supervision

The client, an ECB-supervised bank, is required to maintain and update their Recovery Plan regularly. In this context, the client requested the assistance of Avantage Reply, to assist the bank in the production of its Group Recovery Plan.

Case Study

Enhancement of the Group’s ICAAP Framework

Avantage Reply undertook a project to assist an international banking group in enhancing its Internal Capital Adequacy Assessment Process (ICAAP) framework in alignment with best banking practices.

Case Study

ICAAP/ILAAP Reports Update and Enhancement

Avantage Reply assisted a client with their objective to produce two regulatory reports namely the Internal Capital Adequacy Assessment Process (‘ICAAP’) and the Internal Liquidity Adequacy Assessment Process (‘ILAAP’).

Case Study

Regulatory Reporting Support

In the context of transferring banking activities to another partner, the bank (the client) must comply with European banking authority (EBA) reporting requirements. The bank is required to produce regulatory reporting on a monthly and quarterly basis (i.e., COREP, FINREP etc.) Avantage Reply was engaged to provide support and expertise to generate regulatory reporting.

Case Study

ILAAP Internal Audit Support

Avantage Reply assisted the internal audit department of a leading private bank in the Eurozone, a less significant institution (LSI) that is part of an international group.

Case Study

Support to Risk Management: Risk monitoring tool migration

The client is a large multinational asset management company. The customer needed assistance on the migration of its risk monitoring tool (from RiskMetrics to Aladdin Risk). Avantage Reply supported the client on the risk monitoring tool migration as Project Manager, leveraging on industry knowledge and internal know-how.

Case Study

Liquidity & Interest Rate Risk Assessment on Complex Financing Structures

Avantage Reply assisted a well-known universal bank in the Eurozone to analyze, assess and document the potential liquidity and interest rate risks related to complex financing structures. The tailor-made financing solutions are important for more sophisticated clients, mostly corporations with precise financial needs, and aim at financing them via term loans, leasing, liquidity raising, securitization or short-term investments.

Case Study

National Central Bank Reporting Support

Avantage Reply assisted the finance department of a well-known bank in updating its process to produce monthly and quarterly statistical reporting for the Nation’s Central Bank, following the publication of the updated guidelines. This guideline modifies the statistical reporting requirements for credit institutions

Case Study

Recovery Plan Update

The client, a subsidiary of a leading bank, is required to maintain and update their Recovery Plan on the regular basis. Given internal resource limitations along with new requirements, the client required an assistance in the review and update of the plan. Avantage Reply provided a recovery plan expert who 1) updated the plan according to the latest regulatory requirements and 2) integrated the recommendations received from the internal audit function as well as the national regulator.