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Opened in 2007, Promontory Financial Group France SAS’ Paris office expanded Promontory’s practice in Europe and the European Union (EU). The office serves clients throughout France and the EU.
Our operations in Paris are led by Pierre-Yves Thoraval. Mr. Thoraval is a 30-year veteran of the French Central Bank, including service as Deputy Secretary General of the French Banking Commission. The French Banking Commission is charged with protecting depositors as well as acting as watchdog over the French banking and financial system to ensure its profitability and financial stability.
Promontory’s operations in Paris have extended to work on behalf of clients in both the private and public sectors. Recent projects have included:
- Regulatory monitoring and assistance on products; regulatory impact assessment of development strategies; advice on regulatory compliance of crucial decisions (new activities, authorization files, mergers and acquisitions, business plan, living wills, pre-approvals and validations).
- Audit and update of global governance internal systems (committee, duties, responsibilities, decision-drift prevention, conflicts of interest management); advice in governance of specific tools (stress-testing, reporting, remuneration, incentives, capital adequacy).
- Advice on the choice of methodology for managing all types of risks (financial and non financial); support for the management of extreme risks and / or systemic; development scenarios formulated and evaluated innovative methods; advice to setting implement actions to reduce risk and residual risk funding; development of risk models for supervisors public and private institutions.