Regulatory Advice
Implement Basel III/FRTB and IMM requirements without over-engineering the solution or the organisation around it.
- Basel III / IV and FRTB
- IMM and IMA applications
- CVA and counterparty risk
Independent quantitative risk advisory
Quantitative risk, engineered for regulation.
Häner Consulting helps banks meet Basel III/FRTB, IMM and model risk requirements — from policy and validation to production risk systems.
Services
From regulatory interpretation to production numbers.
Four ways we work with risk, finance and model development teams — as an independent adviser, a hands-on builder, or both.
Model Validation
Independent, evidence-based validation of pricing and risk models — from single models to book-level model risk.
- Independent model review
- Benchmark models and back-testing
- Model risk governance
Model & System Development
Build the models, systems and documentation that connect regulatory methodology to production risk numbers.
- Model implementation
- Risk system architecture
- Testing and documentation
Training
On-site workshops that give risk, finance and audit teams a working understanding of complex regulatory topics.
- Basel III/FRTB and CVA
- Model risk and validation
- Customised to your portfolio
Selected outcome
Helped the UK branch of a global investment bank reduce regulatory capital by hundreds of millions of pounds.
Regulatory adviceSelected work
Evidence, not adjectives.
A sample of engagements with investment and central banks. Client names are withheld.
Major Scandinavian bank
Fundamental Review of the Trading Book feasibility
A FRTB-compliant prototype and a data gap analysis that turned an abstract regulation into a delivery plan.
Read the case study
Requirement
The market risk department needed to assess the practical challenges of implementing the upcoming FRTB rules.
Solution
Working with a global management consultancy, we built a FRTB-compliant prototype of the market risk framework and led the data workstream, identifying gaps in collection, transformation and storage.
Benefit
The client understood its data-related risks and had a concrete plan for closing the gaps before the compliance deadline.
Global South African bank
Back-testing policy for IMM credit risk models
A practical back-testing framework that satisfied the IMM waiver requirements and gave management an economic view of model quality.
Read the case study
Requirement
The bank planned to apply for IMM under Basel III. The waiver required a back-testing framework covering principles, policies and procedures.
Solution
Using experience from a UK FSA IMM application, we defined a robust framework that was practical to operate and aligned with the regulatory expectations.
Benefit
The bank met the regulatory requirement and gained a cash-denominated estimate of model shortcomings, not just a pass/fail result.
Tier 1 Swiss investment bank
Model risk on a book level
A full re-pricing of a six-figure FX book showed that the book was not sensitive to the modelling assumptions under review.
Read the case study
Requirement
The bank was concerned that its FX pricing models might not reflect the book’s skewness and kurtosis risk, despite sensitivities observed on individual positions.
Solution
We implemented benchmark pricing models for vanilla and exotic FX products and re-priced the entire book, rather than relying on a sample of trades.
Benefit
The trader’s assessment was confirmed with evidence from the actual book, giving the bank a defensible view of its model risk.
Why Häner Consulting
A specialist, not a pyramid.
The value of a boutique is not a smaller version of a large firm. It is a different operating model.
Independent and vendor-neutral
No software licence, implementation partner or referral fee influences the advice.
Senior practitioner, direct access
You work with the person accountable for the work, not a delivery layer between you and the answer.
From methodology to production
We stay through design, implementation, testing and the evidence regulators and audit expect.
Focused by design
A narrow specialism — market and credit risk for regulated financial institutions.
Who we work with: CROs, heads of market and credit risk, model owners, validation teams, regulatory reporting and internal audit.
Approach
A practical path from requirement to evidence.
We keep the scope tight, make the trade-offs explicit, and leave your team with something they can operate and defend.
01
Diagnose
Map the regulatory requirement, the model landscape and the data constraints.
02
Design
Define the methodology, governance and implementation plan that fit the institution.
03
Implement
Build models, systems and documentation alongside your risk and technology teams.
04
Validate
Test, benchmark and prepare the evidence that regulators, audit and management expect.
Engagement models
Start with the question, not a framework.
The right shape of engagement depends on whether you need an independent view, a defined delivery, ongoing support or capability building.
Diagnostic review
An independent view of a model, framework or regulatory gap, with a clear remediation plan. Typically two to four weeks.
Project delivery
A defined piece of work — validation, methodology, model implementation or regulatory evidence — with a clear end date.
Embedded advisory
Ongoing senior support alongside your risk, model or technology team through a programme or regulatory cycle.
Training
On-site workshops for teams that need to apply the framework, not just read it.
About
Built by practitioners who have run these programmes.
Häner Consulting has provided quantitative services to major investment and central banks since 2009. We work where regulation, mathematics and technology meet — and where the answer has to survive a regulator, an auditor and a production risk system.
Patrick Häner, the founder, has held roles including Global Head of Counterparty Credit Risk Analytics at Nomura London, Global Head Model Validation Credit/Fixed Income at UBS London, and Executive Director Derivatives Analysis at Goldman Sachs London.
Founded2009
FocusMarket and credit risk
ClientsInvestment and central banks
CoverageGermany · UK · Switzerland
Discuss a mandate.
Tell us about the regulatory requirement, model or system you are working on. We will reply with a short, practical view of how we can help.