Insights

Decoding the trends and anticipating the future to fuel innovation in Financial Services.

Biz Dev & Transformation
J. Soulard

Plan de déconfinement : enjeux et perspectives pour les banques de détail et les banques privées

En France, le 11 mai prochain apparaît comme un jalon clé dans la suite de la crise du COVID 19.

Passés les premiers jours de sidération mi-mars, les banques ont su être réactives pour assurer le fonctionnement et le soutien aux entreprises. Elles doivent désormais se tourner vers cette nouvelle étape du déconfinement, qui à n’en pas douter, sera durable…

L’enjeu est de taille : assurer la sécurité des collaborateurs et anticiper le retour à l’activité commerciale, sans connaître l’horizon temporel…

Innovation
P. Bucquet

White Paper : Why are Central Banks Interested in Digital Currency?

With a decrease in the use of cash, the objectives pursued by the Central Banks with an electronic and universally accessible form of money are to anticipate the disappearance of cash, create an efficient and cheap means of payment, and strengthen regulatory controls.

It is not a matter of “if” but a matter of “when”. Central Banks must define the objectives first, then get the design parameters right while carefully assessing the second order effects; and conduct thorough pilots before launching a Central Bank Digital Currency.

Biz Dev & Transformation
Sébastien Meunier

What is pandemic planning and how to do it right

In the United States, planning efforts to respond to future pandemics started in 1976. It was first centered around public health and was progressively extended to other critical institutions and businesses. In this article, we’ll present three useful US-originated frameworks that can be leveraged by any business across the world.

Regulatory Watchtower
Olivier Garcia

IBOR Transition

IBOR transition represents a real challenge to financial institutions around the world. As the transition is ongoing, all difficulties have not been tackled yet and some key aspects remain to be clarified, generating new risks to manage.

Biz Dev & Transformation
S. Semain

L’Analyse CSDR de CH&Co. : Extrait pour la banque privée

CSDR | Il reste encore du chemin à parcourir pour les établissements financiers afin de se mettre en conformité avec les exigences CSDR. Tous les acteurs des services financiers sont impactés. A l’instar des infrastructures de marché, des Securities Services providers, ou encore des CIB, les Banques Privées sont pleinement concernés par CSDR.

Regulatory Watchtower
A. Beyot

5th directive AML/CFT – Text inputs and implementation

On May 30th 2018, the European Parliament adopted the 5th directive (2018/843) on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (AML/CFT). This new directive, expected to be transposed by the Member States by January 10th 2020 at the latest, comprises significant changes compared to the previous version adopted in May 2015 (2015/849).

Regulatory Watchtower
A. Beyot

5ème directive LCB/FT – Apports du texte et implémentation

Le 30 mai 2018, le Parlement européen adoptait la 5ème directive (2018/843) LCB/FT, un texte s’inscrivant dans la continuité de la 4ème directive adoptée en 2015.La transposition de la 5ème directive LCB/FT en droit national va néanmoins demander aux établissements financiers d’adapter leur organisation afin de mieux lutter contre le blanchiment d’argent et le financement du terrorisme.Quels sont les principaux challenges engendrés par cette nouvelle directive pour les institutions financières ?

Finance, Risk & Compliance
Florent Palayret

Banks tackle the KyC challenge

The increasing cost of ‘know your customer’ resources within financial institutions is becoming a major strategic issue. One not to be neglected under any circumstances.

Regulatory Watchtower
B. Genest

Basel III – Overview of international Basel 3 impacts

Basel 3 regulation aimed at providing a common level-playing field across all regions, business models and size. From a worldwide perspective, its primary objective is not increase minimum required capital but rather (i) to provide better comparability and harmonisation of regulatory playing field at worldwide level ; (ii) limit potential bias provided by internal model approach.

Finance, Risk & Compliance
B. Genest

Bâle 3 – Contexte et enjeux en Europe

Les études d’impacts Bâle III publiées en 2019 ont mis en exergue l’ampleur des impacts quantitatifs, particulièrement en Europe. A l’heure de la transposition de ce texte, les institutions financières européennes s’interrogent quant à la pérennité de leur business model dans un environnement concurrentiel et économique challengeant.

CH&Co. propose une grille de lecture succincte des impacts du texte et un éclairage sur les perspectives et défis à relever pour la mise en œuvre de Bâle III.

Vous pouvez télécharger le document ci-dessous.

Finance, Risk & Compliance
B. Genest

Bâle III : La cristallisation des tensions entre banques et régulateurs

Depuis plusieurs semaines, les banques font connaître leurs craintes sur la transposition des règles mondiales de solvabilité négociées dans le cadre du Comité de Bâle. La raison ? Les nouvelles règles prudentielles dévieraient de leur objectif initial faisant notamment craindre un prix à payer trop fort et une baisse de leur compétitivité, dans un environnement toujours plus concurrentiel.

Finance, Risk & Compliance
A. Beyot

Description of the Directive on Administrative Cooperation (DAC) 6

The Directive on Administrative Cooperation (DAC) 6 imposes mandatory reporting for certain cross border transactions for taxpayers and intermediaries. The Common Communication Network will be set-up by the European Union as the mandatory automatic exchange platform.

What are the main challenges of this new directive?

Download our article below.

Finance, Risk & Compliance
A. Beyot

Ester : la succession de l’Eonia s’organise

Le marché monétaire européen a accueilli un nouvel indice le 2 octobre : l’Ester, ou €STR. La transition est plus complexe qu’il n’y paraît, surtout pour les banques.

Finance, Risk & Compliance
A. Beyot

EMIR – REFIT: How is different from EMIR?

EMIR Refit brings key changes to certain technical aspects of EMIR like a new categorization of financial counterparties and a clearing obligation for specific assets by NFC+.

Finance, Risk & Compliance
A. Beyot

BMR: What is at stake ?

BMR compliance is required when contributing/calculating/administering to an index for the determination of the value of a financial product.

Finance, Risk & Compliance
A. Beyot

MiFID 2: Where we stand one year later

The regulators are now going to shift from implementation to control and supervision. What would be the most likely control points after Investment Advice?

Finance, Risk & Compliance
A. Beyot

SFTR Article 4: the key impacts

SFTR article 4 will involve new reporting obligations which will have an impact on repos transactions and their related commodity financing techniques.

A. Hovette

Video : Business Projects explained

Chappuis Halder & Co. launches a new service which we have called Business Projects. Let’s hear Alexandre Hovette and Laurent Liotard-Vogt, Partners, to understand which clients’ new needs have given us the idea.

Data, Tech & Cyber Security
P. Bucquet

Video : “Open banking : opportunities or risks ?”

Is open banking a synonym for more services or more risks ? This new environment, where banks open up their services to third party providers, has definitely an impact on innovation.

Finance, Risk & Compliance
Olivier Garcia

Vidéo : “Compliance : assets or constraints ?”

We ask Partner Olivier Garcia whether compliance is seen as an asset or as a constraint. His answer comes very clearly : financial services should leverage compliance requirements and turn them into an investment to support the business.

Innovation
Yannick Gaillard

Vidéo : “du robo allocator” au “robo advisor”

Les robo-advisors sont devenus une réalité, tant outre-Atlantique qu’en France, comme le démontre notre dernière enquête. Quelques chiffres et tendances présentés par Yannick Gaillard, Partner de CH&Co. à Paris.

Finance, Risk & Compliance
Olivier Garcia

Video : update on Libor and reference rate reform

Chappuis Halder & Co. saw an acceleration of the awareness level on the UK market on the question of reference rate reform. Yet, things are only getting real now, as Olivier Garcia, our Partner in London states in this CH TV video.

Data, Tech & Cyber Security
S. Eyraud

Robotic Process Automation (RPA)

RPA in the Financial Services industry can extend the creative problem-solving capabilities and productivity of human beings and …

Data, Tech & Cyber Security
S. Eyraud

InsurTech: Birth Pangs of a Revolution?

InsurTech – the sub-segment of FinTech addressing the current challenges and opportunities in the insurance market – is revolutionizing the classic business model of insurance with a focus on customer experience and accessibility …

Global Research & Analytics
B. Genest

Basel II IRB Risk Weight Functions

This CH&Co.’ GRA paper introduces Basel II, the construction of risk weight functions and their limits in two sections

Augmented Consulting
S. Eyraud

Video : “Consortiums and innovation in banking”

How do consortiums contribute to innovation in financial services? The need to innovate and cost constraints have made this tool a particularly interesting one now, says Catherine Joly, COO of Chappuis Halder & Co.

Innovation
S. Eyraud

The Insurance Conundrum for Autonomous Cars

The arrival of autonomous cars brings a plethora of new risks and players into the value chain that insurers now need to consider when designing products for the future.

Data, Tech & Cyber Security
S. Eyraud

Crypto Assets, a New Frontier for KYC

Financial institutions may have to adjust their approach to financial crime risk management, even if they do not trade cryptoassets or currencies themselves.

Data, Tech & Cyber Security
S. Eyraud

Regulatory Fintech Friendliness and ICO Focus

Several countries launched initiatives to reduce the regulatory burdens for start ups. From one regulatory authority to another, strategies differ.

Global Research & Analytics
B. Genest

Post-Scoring Classification for Low Default Portfolios

In a context, where banks are looking to improve their Return on Equity and supervisors strengthening their positions, this whitepaper aims to provide clues for optimizing Post-Scoring classification as well as analysing the relationship between the number of classes in a rating scale and the impact on regulatory capital for LDPs.

Global Research & Analytics
B. Genest

Interest Rate Risk In The Banking Book

How to manage IRRBB considering the Monetary Policy and the new regulation. This white paper focuses on understanding how current market conditions (low interest rates) can affect banks’ revenues and profitability.

Global Research & Analytics
B. Genest

Cat bonds & Artificial Neural Networks

An example of reinsurance products’ pricing using machine learning methods. Over the last fifty years, numbers and costs of natural disasters have not ceased to multiply. Given this phenomenon, insurers and reinsurers struggle to cover the associated losses.

Biz Dev & Transformation
S. Eyraud

Crypto Exchanges – Overview and Challenges of the Landscape

Tokenization as a business driver! This paper, extract of the CH&Co. yearly publication on Innovation for Financial Services, aims to provide an overview of the burgeoning crypto exchange landscape from an innovation watch perspective.

Data, Tech & Cyber Security
A. Beyot

Juicing the Business Value of Data

Data: a source of future income and wealth? This is an extract of the CH&Co. yearly publication on Innovation for Financial Services.

Data, Tech & Cyber Security
P. Bustamante

ICO-Fueled Fintechs: The New Disruptors?

Could initial coin offerings (ICOs) be the primary lever for kick-starting the blockchain evolution in financial services? Tokenization as a business driver…

Data, Tech & Cyber Security
P. Bucquet

Bitcoin et autres crypto monnaies

Mieux Vivre fait le point sur le bitcoin et autres crypto monnaies et interroge Chappuis Halder & Co. pour rappeler ce qu’il faut savoir avant d’investir.

Finance, Risk & Compliance
A. Beyot

Indices de transition monétaires

Augustin Beyot et Olivier Garcia publient une tribune pour expliquer la transition des indices monétaires de référence. Le Libor et l’Eonia entre autres sont remplacés par de nouveaux taux de référence à horizon 2020.

Smart Automation
Yannick Gaillard

Robo-advisors for wealth management purposes

Robo-advisors dans la gestion de patrimoine : la dimension humaine reste importante rappelle Yannick Gaillard, associé, dans cette interview donnée à Agefi Hebdo et parue le 24 janvier.

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