Objective

To help the asset management unit of a global bank meet 2a-7 regulatory requirements and enhance credit research capabilities across multiple geographies and product sectors.

Challenges

• Client required expertise across several sectors to deliver reliable and independent analytical insights
• CRISIL asked to support diverse client teams based in multiple geographies with different existing processes
• Must maintain analytical quality, despite operating within strict timelines
• Engagement required agility to deal with changes in requirements and manage ad hoc requests
  

CRISIL's Solution

• CRISIL established a dedicated team with strong expertise in credit research across multiple sectors, including corporates, financial institutions and sovereigns
  
• Designed and standardised the report format and content requirements in consultation with client teams spread across different geographies
  
• Provided flexible team composition and structure to cater to time-sensitive needs and manage peak load requirements
  
• Took full ownership of 2a-7 reports, with deliveries aligned with the annual schedule of reviews
  
• The team provided ad hoc research support (earnings updates, sector reviews and event analysis) to client during a period of internal resource constraints
  

Client impact

• Saved time by delegating more than 300 credit reports
• In-depth analysis of credits, including investment recommendations
• 100% compliance with regulatory requirements within defined timelines
• Strong quality framework with sector-specific inputs from subject-matter experts
• Detailed review of sectors through thematic research and databases
• Expanded coverage by 10% over two years
  

Questions

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