Implementation

Prudential Regulation

Essential Consulting provides a broad range of prudential regulation advice to help financial institutions comply with evolving prudential requirements. For example, our experts are leading Basel III/CRD IV and Solvency II implementations at many firms. We provide useful analysis and strategic insights to solve business challenges, applying the latest techniques and methodologies to measure risk and manage tight capital requirements.

Conduct & Compliance

With an outstanding regulatory implementation record across the financial services sector and, thanks to our consultants’ specialist knowledge; Essential Consulting continuously keeps pace with the increasing volume of regulations focused on conduct.

Amongst other projects, we are advising clients on regulatory initiatives such as AIFMD, MiFID II, EMIR, Dodd-Frank, recovery and resolution planning, anti-money laundering and financial crime, treating customers fairly and client assets.

Programme Management

The success of complex programmes depends on leadership from the business, clear team communication and rigorous attention to the core objectives.

We never lose sight of these goals. Essential Consulting provides the best foundation for clients to implement changes that will bring lasting benefits to their businesses. Risk Measurement & Modelling.

Essential Consulting Group’s risk measurement team has a deep understanding of the development and validation of wholesale and retail credit scorecards and models, as well as Basel and IFRS models.

We also specialise in developing, reviewing and validating VaR, PFE and CVA, including the implementation and integration of third-party risk management systems. We work with risk managers and product control, implementing effective P&L processes.

Model Governance

We write and agree policies and procedures to support model governance. More importantly, we have implemented a model inventory tool in several banks that allows them to capture all aspects of a model lifecycle. It combines a robust database with governed workflow, capturing relevant source documentation, approvals, model performance statistics and metrics. It also allows real-time reporting of model status and proof of compliance with agreed policies.

Contact Essential Consulting today