Implementing Basel 2 or ILAS is a challenge for all financial services organisations, but particularly for small firms whose resources are often at stretch and have little time to wade through the hundreds of pages of the directive text, consultation papers, rules and guidance produced by the Basel Committee, EU, FSA and other related bodies. This is where flexible consultancy for your Basel 2 / ILAS implementation can help.
Basel 2 Project Assistance
Flexible and cost-effective assistance with your Basel 2 project can take the form of just a day or two when needed or be on a regular basis, such as a few days each month, depending on your own particular requirements. This will greatly reduce the burden on your own resources in tackling such tasks as:
- Defining and establishing your Basel 2 implementation strategy.
- Formulating your implementation plan - activities, milestones and project deliverables.
- Briefing your directors and senior managers on Basel 2 legislation and its implications.
- Assisting with your Basel 2 project tasks such as gap, impact and cost analysis.
- Facilitating your risk assessment and risk management procedures.
- Reviewing your ICAAP and related procedures for assessing capital requirements.
ILAS Project Assistance
Implementing Individual Liquidity Adequacy Standards (ILAS) presents a number of specific challenges, especially for small banks and investment firms. We can assist with:
- Documenting your Liquidity Risk Management Framework
- Formulating/expressing risk appetite and setting limits to risk tolerance
- Reporting and MI – for internal monitoring and meeting regulatory demands
- Stress testing to meet required criteria, incorporating analyses set out in ILAS
- Documenting your Individual Liquidity Adequacy Assessment (ILAA)
- Formulating/documenting contingency plans
- Ensuring you meet implementation deadlines