I The impacts of the Bail-in on the banking model

BANKING REVIEW, January 2015

vignettebailinvaussyby Frédéric Vaussy, Senior Manager at Harwell Management “The implementation of the Bail-in and of TLAC, soon to follow, will have many implications for banks’ funding structure, both in terms of the composition of their liabilities and in the legal organization of issuance— with inevitable pressure on profitability.”


I Managing Liquidity : New implications

BANKING REVIEW, November 2013

vignetterbby Frédéric Vaussy, Senior Manager at Harwell Management “The risk of liquidity is dual as it encompasses both the risk of financing liquidity, corresponding to liquidities necessary to deliver on commitments, and the risk of market liquidity stemming from the impossibility of receiving financing under normal market conditions. The implications of liquidity ratios are at the same time technical, organizational and commercial. Technical, because to manage such risk, operations teams calculate and analyze regulatory indicators such as LCR, NSFR and liquidity gap as well as internal indicators such as net borrowing and lending, etc. The implications are organizational in that national regulators privilege the constitution of stocks of collateral in their geographical zone, which leads to decentralization of cash management at the level of each country. The challenges for business are the integration of all liquidity costs, direct and indirect, in product pricing. Today, the Bâle III prudential banking standards place the management of rare resources (liquidity and capital) at the heart of banks’ concerns and will bring about profound changes in the universal banking model, whether in terms of distribution capacity, operational functions or business portfolios.”


I Towards customization of service offerings

vignettemaxence2by Maxence Bouchet, Program Director and Expert at Harwell Management

Les systèmes d’information permettent de concilier industrialisation et personnalisation.

Dans le monde des entreprises de services comme les banques et les opérateurs de télécommunications, nous constatons une nouvelle phase dans la façon dont les systèmes d’information peuvent accompagner l’évolution des offres de services. Dans une première phase le système d’information a joué un rôle essentiel dans le support à l’automatisation et à l’efficacité opérationnelle.


I Towards a non procyclical provisioning


by Olivier Grandi, Senior Manager at Harwell Management

La récente crise du “subprime” redonne un intérêt à ce mécanisme puisqu’elle rapelle ses atouts pour réduire la procyclité.

Depuis le débat sur la régulation des banques pour une nouvelle stabilité financière mondiale, le Comité de Bâle a émis en octobre 2009 des recommandations auprès de l’AISB (International Accounting Standards Board, NDLR) : l’objectif en particulier est de réformer les modalités de provisionnement des banques en réduisant leur effet procyclique.