Finance, Risk & Compliance
IFR/IFD Regulation
The new prudential regime for investment firms IFR/IFD is coming
A. Beyot 26 May 2021
Insights
Decoding the trends and anticipating the future to fuel innovation in Financial Services.
Data, Tech & Cyber Security
THE ROI OF CYBERSECURITY
No week passes without the news of a new cybersecurity
Sébastien Meunier 18 May 2021
Biz Dev & Transformation
[CH&Co. in the press] What will the company #postcovid19 look like?
Catherine Joly, our COO, shares some thoughts on the challenges
Catherine Joly 7 April 2021
Global Research & Analytics
|Press release| “You can sell” by Stéphane Eyraud and Patrick Bucquet
New York, USA – 4/12/2021 – “You can sell” by
Patrick Bucquet 6 April 2021
Finance, Risk & Compliance
Our convictions to manage Climate Risk
Climate change creates many challenges across society, and the financial
B. Genest 19 March 2021
Finance, Risk & Compliance
Sustainable finance – ESG & Climate risk
SFDR « Disclosure » regulation enforcement from 10 March 2021
B. Genest 19 March 2021
Augmented Consulting
Stablecoins: What to watch.
This paper will provide you with a brief overview of
Olivier Garcia 19 March 2021
Data, Tech & Cyber Security
|Press release| FinDepth Limited announces its strategic partnership with FinTech Connex Limited
FinDepth Limited announces its strategic partnership with FinTech Connex Limited
Olivier Garcia 2 March 2021
Global Research & Analytics
5 ideas to change banking climate stress test exercises: Adapt to the challenges of the Anthropocene era.
Stress test exercises appear to be the best lever to
B. Genest 19 February 2021
Augmented Consulting
[CH&Co. in the press] French Boss: Interview de Stéphane Eyraud par French Morning
Interview French Boss de Stephane Eyraud, dans French Morning Media Group: vous saurez
S. Eyraud 19 February 2021
Global Research & Analytics
ETH 2.0: A giant step toward the “World computer”
The long-awaited ETH 2.0 transition has been launched last December.
Olivier Garcia 19 February 2021
Augmented Consulting
Crypto Trading Map
Feeling you don’t keep up with the crypto trading dev
Olivier Garcia 19 February 2021
Global Research & Analytics
Financing & Consolidation of the crypto industry
The development of the crypto space reminds of the early
Olivier Garcia 19 February 2021
Global Research & Analytics
Tokenized stocks – A major Milestone
A significant milestone has been achieved at the end of
Olivier Garcia 19 February 2021
Augmented Consulting
Blockchain in Finance: Views on the main macro themes
High-level, de-passionate overview of what are today the main macro themes for blockchain in financial services, whether these themes withstand scrutiny, and what to watch to see the story unfold, one way or another.
Olivier Garcia 19 February 2021
Data, Tech & Cyber Security
|Replay| Enhancing the adviser-client relationship with technology
Replay of the webinar held by The Wealth Mosaic, about
Loïc Paquotte 15 December 2020
Regulatory Watchtower
Reporting Factory
Most banks have answered to new regulatory regimes as they
Olivier Garcia 17 November 2020
Biz Dev & Transformation
Client Lifecycle Management: Digital opportunities
The Covid crisis has shown the current urgency to use
D. Corrales 17 November 2020
Augmented Consulting
Augmented Front Office
Whilst uncertainty for the next quarters remains high, multiple levers
D. Corrales 17 November 2020
Finance, Risk & Compliance
[CH&Co. in the press] International Banker: FinCEN Files: Don’t shoot the messenger!
While banks are easy targets to blame, the recent leaks
L. Liotard 17 November 2020
Biz Dev & Transformation
Prospection en temps de COVID : Le temps pour les banques privées d’explorer de nouvelles approches
Les approches traditionnellement privilégiées afin de socialiser, gagner la confiance
D. Corrales 17 November 2020
Biz Dev & Transformation
Smart Automation: Low Code/No Code
Across every organization in the Financial Services industry, businesses are
Alan Cherian 3 November 2020
Biz Dev & Transformation
Cost Reduction – A first step forward profitable growth
Despite AuM growth, the average cost-income ratio stagnates around 80%
D. Corrales 30 October 2020
Biz Dev & Transformation
|Press release| Partnership: Wealth Dynamix and Chappuis Halder & Co.
London, UK, October 13, 2020 – Wealth Dynamix, a global
Olivier Garcia 13 October 2020
Augmented Consulting
Livre Blanc 2019
Intitulé « Intelligence artificielle, blockchain, technologies quantiques : 3 technologies
Yannick Gaillard 28 September 2020
Data, Tech & Cyber Security
Client Lifecycle Management: KYC Analytics
After several years trying to optimize the onboarding process Banks
L. Liotard 16 September 2020
Data, Tech & Cyber Security
Client Lifecycle Management: Digital Journey
After several years trying to optimize the onboarding process Banks
L. Liotard 16 September 2020
Finance, Risk & Compliance
7 PROPOSALS TO INTEGRATE CLIMATE RISK INTO CAPITAL REQUIREMENTS
Climate Risk is a complex topic for the Banking Industry,
B. Genest 15 September 2020
Finance, Risk & Compliance
4 PROPOSALS TO FACTOR EMERGING RISKS QUANTIFICATION IN THE RISK APPETITE FRAMEWORK
Emerging risks are a class of non-financial risks marked by
B. Genest 15 September 2020
Data, Tech & Cyber Security
Data as a service
Data has become one of the most important item on
Olivier Garcia 9 September 2020
Finance, Risk & Compliance
Non-financial risks
There is a growing regulatory pressure to address non financial risks with
Olivier Garcia 9 September 2020
Data, Tech & Cyber Security
Omni-channels strategy
In the current environment, wholesale clients are looking for comprehensive,
Olivier Garcia 9 September 2020
Data, Tech & Cyber Security
Smart IT resources management
The demand for digital related talent and the changes in how
Olivier Garcia 9 September 2020
Augmented Consulting
Chappuis Halder Credit Basel Simulator
An innovative free mobile application developed by our lab to instantly visualize the basel 2/3 capital charge based on different credit risk approaches. An indispensable tool for risk managers, academics, students, modelers, managers and consultants.
B. Genest 22 July 2020
Data, Tech & Cyber Security
[CH&Co. in the press] South China Morning Post : Coronavirus is hastening central banks’ efforts on digital currency plans to deliver faster pandemic stimulus
The coronavirus pandemic has accelerated central banks’ experiment with sovereign digital
G. Rico 26 June 2020
Biz Dev & Transformation
FINCEN Customer Due Diligence Rule: 2 years after enforcement. Challenges in times of Covid Crisis
The FinCEN Customer Due Diligence (CDD) Rule drastically changed the KYC practices. In response, large CIBs are still implementing significant transformations, while some aspects of the rules are continuously subject to various interpretations
Florent Palayret 25 June 2020
Biz Dev & Transformation
Automatisation et digitalisation des banques de détail
La crise du Covid-19 a été le facteur d’accélération de la digitalisation le plus puissant de ces dernières années. Dans un contexte de contrainte forte sur les coûts de distribution, les banques se doivent d’accélérer leur feuille de route pour adapter leurs modèles de services. Quels en sont les enjeux ?
J. Soulard 17 June 2020
Data, Tech & Cyber Security
The importance of client activity data in the context of banks’ KYC programs and common pitfalls
How are banks tracking the various financial activities that their clients are executing via the products and services that they offer? Are they able to compare the
expected activities that their clients have indicated during the account opening process,
with the actual activities executed by their clients throughout the year? Are they able to
aggregate the total margins generated per client, across different business lines, and
compare it with the total onboarding costs for the same client?
Florent Palayret 16 June 2020
Data, Tech & Cyber Security
“Pandemic bond”: marketing gadget or useful financial instrument? – [Cloned #8796]
In June 2017, the World Bank issued two bonds destined to cover developing countries against the risk of pandemic outbreaks.
Sébastien Meunier 16 June 2020
Biz Dev & Transformation
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…
J. Soulard 4 May 2020
Innovation
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.
Patrick Bucquet 1 May 2020
Innovation
[CH&Co. in the press] South China Morning Post : Asia’s central banks are ahead in the race to develop their own digital currencies.
Asia is a step ahead of other regions in developing central-bank digital currencies, with China, Hong Kong and Thailand set to roll out sovereign virtual tokens as a means of payment and to better monitor money flows.
G. Rico 6 April 2020
Biz Dev & Transformation
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.
Sébastien Meunier 3 April 2020
Regulatory Watchtower
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.
Olivier Garcia 25 March 2020
Biz Dev & Transformation
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.
S. Semain 22 February 2020
Regulatory Watchtower
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).
A. Beyot 19 February 2020
Regulatory Watchtower
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 ?
A. Beyot 17 February 2020
Data, Tech & Cyber Security
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.
Florent Palayret 7 February 2020
Regulatory Watchtower
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.
B. Genest 29 January 2020
Finance, Risk & Compliance
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.
B. Genest 14 January 2020
Innovation
[CH&Co. in the press] L’Agefi Hebdo : “Banques centrales et gouvernements ont intérêt à émettre des cryptomonnaies”
Les banques centrales et les gouvernements ont toujours regardé d’un oeil attentif le développement du bitcoin et consorts. Dans un monde où les devises physiques se raréfient et où les dépôts bancaires sont électroniques, ils s’intéressent désormais à l’émission de cryptomonnaies nationales.
S. Eyraud 23 December 2019
Finance, Risk & Compliance
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.
B. Genest 18 December 2019
Global Research & Analytics
White paper on Model Risk Management: How to measure and quantify model risk?
The aim of this paper is to present model risk situations and a methodology to measure and quantify the associated risk at model level, with different types of assumptions.
B. Genest 5 December 2019
Innovation
Where is cryptocurrency most frequently used in the US?
The goal of this research paper is to determine which states have the highest percentage of the crypto-owning population on a state by state level in the US.
Patrick Bucquet 2 December 2019
Finance, Risk & Compliance
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.
A. Beyot 27 November 2019
Biz Dev & Transformation
Le modèle de franchise dans la banque de détail : expériences et enjeux
Bien qu’encore peu répandue, la formule d’agences bancaires franchisées intéresse actuellement un certain nombre d’établissements.
J. Soulard 6 November 2019
Finance, Risk & Compliance
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.
A. Beyot 30 October 2019
Finance, Risk & Compliance
[CH&Co. in the press] La Tribune : “Taux monétaires : avec l’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.
A. Beyot 28 October 2019
Data, Tech & Cyber Security
How many active crypto traders are there across the globe?
A new research led by Chappuis Halder & Co. and Coqonut intended to estimate the number of active crypto traders worldwide.
Patrick Bucquet 27 October 2019
Innovation
Why are central banks and governements looking at issuing state-backed crypto-currencies?
Contrary to cryptocurrency, which is a virtual currency with cryptography and based on blockchain technology, fiat currency is “legal tender” backed by a “central government”.
S. Eyraud 16 October 2019
Finance, Risk & Compliance
[CH&Co. in the press] N3D : “Adieu l’Eonia, place à l’€ster”
La publication de l’€STR comme futur successeur de l’EONIA rend très concret aux yeux des institutions financières les enjeux financiers, opérationnels et techniques de la transition des indices monétaires de référence.
A. Beyot 9 October 2019
Finance, Risk & Compliance
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+.
A. Beyot 8 October 2019
Biz Dev & Transformation
[CH&Co. in the press] Option Finance : “Big data, IA : vers un gérant «augmenté» ?”
Interviewé par Séverine Leboucher pour Option Finance, Yannick Gaillard explique l’évolution du métier des asset managers avec l’arrivée des nouvelles technologies dans la finance.
Yannick Gaillard 7 October 2019
Biz Dev & Transformation
Authentification forte des paiements : un délai supplémentaire à mettre à profit !
Initialement prévue le 14 septembre dernier, l’entrée en vigueur de l’obligation « d’authentification forte » a finalement été repoussée de 36 mois en France. Les acteurs concernés, à commencer par les banques, ont tout intérêt à tirer profit de ce délai supplémentaire. Car au cœur de l’authentification forte se joue la bataille de l’expérience client et de la sécurisation.
J. Soulard 4 October 2019
Biz Dev & Transformation
[CH&Co. in the press] L’Agefi Hebdo : “L’intelligence artificielle rend les BFI plus efficaces”
Interviewé par Alexandra Oubrier pour L’Agefi Hebdo, Olivier Garcia explique en quoi l’intelligence artificielle rend les BFI plus efficaces.
Olivier Garcia 3 October 2019
Biz Dev & Transformation
[CH&Co. in the press] Les Echos : “Authentification forte des paiements”
Prévue le 14 septembre, l’entrée en vigueur de l’obligation d’authentification forte a été repoussée. Un délai dont les banques peuvent tirer profit.
J. Soulard 2 October 2019
Finance, Risk & Compliance
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.
A. Beyot 1 October 2019
Finance, Risk & Compliance
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?
A. Beyot 24 September 2019
Finance, Risk & Compliance
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. Beyot 16 September 2019
End-to-end innovation
Convictions on FinTech and Innovation for 2019
This 2019 booklet proposes ideas to “surf the token wave” in two ways…
S. Eyraud 31 July 2019
Global Research & Analytics
Global Research Analytics Booklet “Risk & modelling” – Third Edition
After seven years of existence, the GRA team continues to explore the issues of risk quantification. This third booklet still demonstrates the perseverance of the GRA work and reflects the numerous questions the team faces daily.
B. Genest 15 July 2019
Data, Tech & Cyber Security
Patrick Bucquet 1 July 2019
Data, Tech & Cyber Security
10 functionalities that Facebook Libra should consider in the near future
This article focuses on Facebook Libra and its functionalities that should be considered in the near future. Patrick Bucquet, Marie Lermite and Ally Jo made a comparative analysis and determined 10 functionalities that Facebook should look at next.
Patrick Bucquet 1 July 2019
Global Research & Analytics
Counterparty Credit Risk : Evolution of the standardised approach to determine the EAD of counterparties
This article focuses on the revised standardised methodology (SA-CCR) introduced by the regulator to compute the Exposure of derivatives for Counterparty Credit Risk management.
B. Genest 12 June 2019
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.
A. Hovette 7 June 2019
Augmented Consulting
Video : “End to end innovation and augmented consulting as a service”
End to end innovation and augmented consulting are CH&Co.’s response to today’s fast moving world. Hear more in this video of our Partners Patrick Bucquet and Laurent Liotard-Vogt.
L. Liotard 7 June 2019
Data, Tech & Cyber Security
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.
Patrick Bucquet 7 June 2019
Finance, Risk & Compliance
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.
Olivier Garcia 7 June 2019
Innovation
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.
Yannick Gaillard 7 June 2019
Finance, Risk & Compliance
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.
Olivier Garcia 7 June 2019