Since 1998, MRV Associates has worked with numerous domestic and foreign clients ranging from a one-person start-up to large, publicly traded companies. Projects have been with internationally active banks, non-financial companies, financial regulators, multilateral donors such as USAID and FIRST INITIATIVE, Office of Technical Assistance of the U.S. Treasury, and non-profit organizations. MRV Associates consulting projects have ranged from a few hours on the phone to numerous days on- and off-site.
Market Risk Measurement Preparation for Bank Regulatory Approval
MRV Associates worked for several months with an internationally active bank of $500 billion in assets to help prepare it to receive bank regulatory approval of its market risk internal model. This required working closely with modelers, validators, auditors, compliance officers, internal control and risk manager professionals to verify the strength of model risk governance at the firm. MRV Associates discovered a number of shortcomings in the model and was able to offer solutions. After the completion of the project, the bank received permission from its bank regulator to use its internal model to measure market risk for daily risk measurement and for bank regulatory reporting purposes.
Credit Risk Measurement to Meet Basel III Requirements
When this U.S. Fortune 500 financial institution was asked by a U.S. bank regulator to calculate its credit risk exposures enterprise wide under Basel III, it hired MRV Associates to assist in this endeavor. Since the institution only owned a small bank, it had not had to comply with Basel III. MRV Associates worked with teams in several cities to verify that the financial institution could submit regulatory call reports with Basel III credit risk measurements. MRV Associates successfully aided the financial institution in completing the calculations and reporting according to Basel III standards.
Train the Trainers Program for Asian Regulator
MRV Associates created a risk-based supervision training program for financial institution examiners. The year-long program was funded by FIRST, a joint World Bank and IMF venture. Together with other instructors, MRV Associates designed a six-week program to train examiners how to examine banks’ credit, market, operational, and liquidity risks.
Additionally, MRV Associates designed a Train-the-Trainer program to train select personnel how to design agendas, presentations, case studies, and exercises. For three weeks, the select examiners co-taught classes with lead instructor Mayra Rodríguez Valladares. She then supervised them a few more weeks as they delivered classes on their own.