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Prometeia takes the lead in supporting banks with ILAAP challenges

Prometeia, global leader in Risk Management consulting and software solutions, provides comprehensive support to banks of any size and complexity in dealing with the issues related to Internal Liquidity Adequacy Assessment Process (ILAAP), one of the cornerstones of the new Supervisory Review and Evaluation Process (SREP).

The enforcement of ILAAP by regulators and supervisory authorities is changing the way banks will manage Liquidity Risk, requiring the definition of interconnected and internally consistent processes aligned with the industry best practices on Liquidity and Funding governance.

“The ILAAP reporting requirements being defined by competent authorities are highlighting some structural weaknesses in key processes such as fund planning, collateral management and Treasury Risk monitoring,” comments Andrea Partesotti, Director and Head of Enterprise Risk Management in Prometeia. “Our clients appreciated our deep expertise over the whole span of the risk management cycle, allowing them to get ready for the first official 2016 ILAAP reporting requirement. Now banks should anticipate the approaching wave of requests by supervisors and begin to improve their key processes, with a strategic liquidity management perspective.”

The increasing level of asset encumbrance across the system, the need for active liquidity buffer management, and the requirement for more sound and integrated stress test practices are only some of the challenges the banking industry must confront in the near future. Prometeia supports a wide range of large and small banks in aligning with liquidity best practices as well as preparing ILAAP reporting statements as required by the EBA/CP/2015/26 and the subsequent supervisory requests.

The competitive advantages shown by Prometeia in supporting banks with these new challenges are:

  • leadership in supplying integrated platforms (ERMAS Suite) for measuring liquidity risk in all its dimensions, both for regulatory and managerial purposes;
  • a full and detailed knowledge of ever-changing regulatory requirements;
  • leadership position in the financial risk management marketplace, that gives Prometeia the edge in terms of best risk management practices;
  • a long established consulting experience in the definition of methodologies and processes supporting liquidity risk management, with a unique ability to evaluate risks and define management procedures;
  • a comprehensive approach to ILAAP reporting, with the provision of tools to self-assess the adequacy of liquidity resources and risk management processes as well as the definition and the production of the whole reporting package.