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Regulatory Roadmap for Trading and Risk: Leading European Bank

Client challenge

TORI was engaged to implement a new robust governance structure and enhance the existing subject matter expertise for one of Europe’s top 10 banks. Their regulatory roadmap held significant challenges:

  • Eur100mn/250 staff programme
  • FRTB
  • BCBS239
  • New ledger
  • Counterparty Credit and Collateral systems
  • IRRBB
  • Market Data and new foundation IT/Data architecture

There was programme slippage, compounded by cost cutting, limited subject matter expertise, poor programme governance and the management of dependencies between other projects (e.g Treasury Program, and MIFID)

What we did

  • TORI reviewed the regulatory directives and interpreted them into business requirements, produced gap analysis, as well as project roadmaps and overall plans
  • Defined all the required corrective actions for remediation
  • Ensured all milestones, inter-dependencies and MI were correct, complete, realistic, and suitably prioritised
  • Implemented and chaired efficient cross-project oversight committee and control processes

The result

  • Robust programme governance
  • Correct, complete, realistic and prioritised project dependencies
  • Increased discipline imposed across all related projects to ensure a more pragmatic/collaborative focus towards delivery
  • Benefits realisation and owners established
  • Lessons Learnt sessions delivered to ensure the business retains knowledge
  • Client re-engaged the TORI team for Phase 2 of the programme
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