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RiskAvert the comprehensive risk management platform for capital adequacy, was enhanced to incorporate the NPE Prudential Backstop module that enables Financial Institutions to meet regulatory requirements for the calculation and reporting of minimum losses for NPEs.

The module fully covers the calculation of minimum loss coverage amount for non-performing exposures (NPEs), in line with the provisions of Regulation (EU) 2019/630.  It also covers all the relevant reporting requirements of EBA Reporting Framework, regarding NPE Loss coverage.

In addition, RiskAvert has also been enriched with the development of the updated version of Interest Rate Risk in the Banking Book (IRRBB) module that supports the EU prudential Banking supervision and regulatory reporting requirements. The IRRBB regulation introduces methodologies where the NII (Net Interest Income) differs from that of EVE (Economic Value of Equity), as well as the simplified standardised approach.

With these enhancements financial institutions in the Eurozone will better facilitate their processes to efficiently meet their CRR/CRD related requirements and safeguard their business operations effectively. RiskAvert has been developed to help organisations achieve their business goals pertinent to compliance through an intuitive, automated and flexible platform.

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