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 Programme, 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
