The Risk Management Framework (“RMF”) sets out a high level view of the tools, techniques and governance in place at the bank to ensure all material risks facing the bank are correctly identified, understood and managed.

The top 10 common issues that we have encountered in regulatory reporting automation projects.

The Internal Capital Adequacy Assessment Process (ICAAP) is the process in which the Board and management of the bank oversees and regularly assesses key financial and capital related aspects of the bank.

A key purpose of the Internal Liquidity Adequacy Assessment Process (ILAAP) is to document and demonstrate overall liquidity adequacy. The document informs the bank’s Board and regulators of the ongoing assessment and quantification of the bank's liquidity and funding risks, how the bank intends to mitigate those risks and how much current and future liquidity is required.

Stress testing will assist banks to ask the right question about its business model, capital adequacy, liquidity adequacy and franchise viability. This enables board and management teams to gain a forward looking view of its business and identify suitable management actions in a severe and plausible stress event.

The recovery plan is a firm’s complete menu of options addressing a range of severe financial stresses caused by idiosyncratic problems, market-wide stress or both.

Katalysys's Regulatory Reporting Transformational Programme (RRTP) is an integrated and holistic approach to regulatory reporting. We do not view this as just a simple automation exercise, and look at all aspects across the organisation that contribute to accurate and timely regulatory reporting.

CVA means an adjustment to the mid-market valuation of the portfolio of transactions with a counterparty. That adjustment reflects the current market value of the credit risk of the counterparty to the institution.

Eligible ILAS BIPRU firms that are also significant IFPRU firms are eligible for modification by consent for the CRR liquidity rules, and can continue to manage and report liquidity based on BIPRU rules.