The challenge
In 2024, the European Banking Authority (EBA) announced the new Capital Requirements Regulation 3 (CRR3), legislation that imposes stricter capital requirements on banks and financial institutions – particularly affecting mortgage portfolios. A major Dutch bank engaged our expertise to develop a strategic action plan and execute the necessary steps to ensure compliance with these new regulatory obligations.
Our approach
By combining the in-depth expertise of Talent&Pro and ITDS, supported by execution and project leadership from the Redmore Performance Center, House of Redmore delivered a distinctive and high-impact solution.
Key succes factors:
- Multidisciplinary team composed of a project manager, financing specialists and data analysts
- Acceleration through deep market knowledge and proven best practices
- Co-creation with the client’s compliance, legal and risk departments to develop a fully aligned action plan
- Phased team scaling tailored to each project stage
- High-quality execution through effective quality assurance and short-cycle performance steering
The result
Thanks to our clear and pragmatic project approach, the bank was fully compliant with the ECB’s ‘secured by mortgages’ requirements well before the official deadline. Based on our performance, we were subsequently asked to support the bank with additional CRR3 obligations, including credit loan tape, enterprise sizing and project financing.
Within 10 weeks we achieved:
- Full execution of the remediation programme
- Cleansing and enrichment of source systems in line with CRR3 requirements
- Integration of data into regulatory reporting formats
- Implementation of the developed methodology and working processes within the bank to ensure future-proof compliance
