INTEGRATING SOLUTIONS FOR THE FINANCIAL SERVICES INDUSTRY
01 / ADVISORY
Lux Clara helps financial institutions to strategically plan and manage their Finance, Risk and Regulatory Reporting domain. Our team’s expertise covers all aspects of it, such as data governance, business processes, change management, roadmap management, risk calculators, roadmap management, the reporting life-cycle, including the IT architecture that enables this.
02 / IMPLEMENTATION
The Lux Clara team works together with the client to implement the regulatory roadmap and make it successful, all the way from the project phase till the day-to-day operations. We deliver hands-on experience, know-how and subject-matter-expertise, tackling the complex and time-critical nature of the Finance, Risk and Regulatory Reporting domain. We know how to support financial institutions in business analysis, software implementation, design and build of IT solutions, project delivery and aftercare.
Lux Clara's integrated Finance, Risk and Regulatory Reporting (FRR) vision
The Finance, Risk and Regulatory Reporting functions are becoming more and more integrated and dependent on each other, requiring a collaborative approach and shared use of data, guaranteeing consistency, reconciliation and an efficient reporting of results.
DATA
Data is a critical resource to obtain high quality insights and decisions.
Lux Clara’s services are geared towards ensuring a good design and management of the data processes while taking extra care of data lineage, data governance, business intelligence, ownership, meta-data, validation and reconciliation.
We enable financial institutions to structure and govern their data, improve their data quality, transparency and consistency across departments.
DATA
FINANCE
The ledger provides insights into the different business portfolios of the bank and represents the financial truth of the organization. It is dependent on different risk processes and calculations to get the picture complete, for example the IFRS 9 Expected Credit Loss calculation which provides impairment entries.
We help financial institutions to achieve a ledger which contains the right level of detail, with links to granular product and counterparty data. Such a ledger provides a powerful tool for profitability and the basis for financial and regulatory reporting.
FINANCE
REGULATORY REPORTING
Banks operate in a complex and volatile regulatory environment. They need to manage a wide scope of reporting packages with thousands of data points, which are often complex, time critical and frequently changing.
We work together with our clients to address the impact of such changes and implement a flexible, adjustable and high performant reporting solution that copes with the granularity and volumes of data, the frequency of reporting, the number of reports and the many last-minute changes.
We have a wide experience with global regulatory reporting packages such as EBA FINREP, Call Reports (FRY-9C), EBA COREP, BCAR, CCAR, DFAST, Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), AnaCredit, Pillar 3.
REGULATORY
REPORTING
RISK
The risk department relies on balance information and core data to perform its various functions such as modelling, ALM and stress testing.
Our team focus on a close integration between Finance, Risk and Regulatory Reporting, combined with aligned data sources. We help our clients to achieve high quality results and set up an efficient risk reporting allowing smooth end-to-end simulations and stress tests.
We continuously deepen our knowledge in risk and regulations and are ready to assist our clients with Basel IV, CRD V, liquidity risk and stress testing.
RISK
OUR STORY
The Lux Clara Consulting team helps financial services companies to meet their regulatory requirements and efficiently manage their data by assisting with knowledge, advise, strategic planning and software implementation services. We help our clients to feel confident and secure in an ever changing and complex regulatory environment.
Lux Clara Consulting was established in Belgium and the Baltics in 2017. It was founded by Gaëtan Serruys, a highly experienced Finance, Risk and Regulatory Reporting advisor with 20 years of experience in the financial services industry in various roles (consultant, project manager, head of professional services) and regions (Europe, North America, Asia, Australia).
Over the past few years we built a team of experienced and knowledgeable professionals who are ready to assist in the definition, implementation and ongoing management of your finance, risk and regulatory reporting landscape, guiding and supporting you during all the steps of the process.
Gaëtan Serruys
Founder
Regulatory Risk and Reporting Advisor
CONTACT US
FOLLOW US ON
Lux Clara Belgica: +32 473 851846
Lux Clara Baltica: +370 688 44065
© 2020 Lux Clara Consulting