The challenge
A top-tier bank required emagine's Regulatory Practice to kick-start the delivery of the regulatory SA-CVA programme by deploying specialist project resources according to local and global regulatory compliance.
Actions and outcomes
The emagine Regulatory team provided advice, analysis and assistance to the business by identifying gaps in risk models and approaches to mitigate them.
We also provided an analysis and validation of different model choices, as well as an ongoing review of the testing process/policy.
We identified regulatory gaps in CVA risk processes and procedures, including the setting of effective risk metrics, information monitoring and reporting.