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Risk Management for Banks and PFS
Risk and complexity are inherent elements of our business environment. They can be found in new technologies, cyber threats, regulatory requirements and changes in accounting and tax rules. Risk is by far the greater threat, as it can easily spread over the globe undetected and has a much larger and far-reaching impact.
Our experienced risk management professionals can help you develop best practice governance, policies, systems, processes and methodologies to identify, measure, manage, reduce and report any risk that your institution is facing or might face in the future. The variety of topics covered includes but not limited to:
Governance and risk management framework (including ICAAP/ILAAP)
Financial and non-financial risks
Recovery and resolution planning
Risk modelling and quantitative analysis
Stress testing and scenarios analysis
IT and data management
Risk reporting (including COREP) and disclosures
Technologies and tools
We support a wide range of financial institutions, including credit institutions, payment institutions/electronic money institutions, asset management companies (in relation to the capital requirements) and insurance companies.
Regulatory background
Over the past years the risk management regulatory framework undergone waste changes and it is becoming more and more complex aiming to promote an efficient, effective and transparent management of risks throughout the financial sector of the EU.
Among others, Luxembourg risk management regulatory framework encompasses:
EU Banking package
EU Capital Requirement Directive and Regulations (CRD IV / CRR, to be soon replaced by CRD V / CRR II)
EU Bank Recovery and Resolution Directive (BRRD II)
EU Single Resolution Mechanism Resolution (SRMR II)
For more information, please visit our page "Regulations".
- Investment firms regulation and directive introducing new prudential framework (IFR & IFD). For more information, please visit our page "Investment firms directive and regulation (IFD & IFR)".
BCBS publications and guidelines relating to the capital adequacy (aka Basel III / IV), banking supervision, various risks (including credit risk, market and operational risk), transparency and disclosure. For more information, please visit our page "Basel IV".
EBA Single Rulebook, various guidelines and technical standards aiming to provide clarity and detail on the regulatory acts
CSSF regulations and circulars aiming to implement and adopt regulatory texts in Luxembourg
The new regulatory framework around ESG risks has started to build up, for more information, please visit our page "ESG in banking: what it means for Risk Managers".
How can we help you
- Risk Management Governance Framework
- Regulatory reporting solutions
- Regulatory services
- Digital solutions and data management
- Risk management vendors solutions
Risk Management Governance Framework
- Guidance in respect of the upcoming regulatory changes and impact analysis
- Gap analysis against the regulatory requirements and best market practices
- Support in development / enhancement and/or execution of ICAAP / ILAAP
- Support in development / enhancement of Recovery Plan
- Development / enhancement of the relevant policies and procedures
- Board and Management training
- Risk appetite framework and RWA optimisation
- Management of interest rate risk from non-trading activities (IRRBB)
Regulatory reporting solutions
This is not a secret anymore, banks are facing unprecedented amounts of changes in regulatory reporting on a daily basis while managing other issues and need expertise assistance to maintain accuracy in their reporting.
PwC Regulatory Reporting Solutions are there to help with, among others, services like:
- Assistance to the regulatory reporting production
- Review and challenge of your reporting prior to submission
- Trainings & Workshops
- Implementation of new regulations
Regulatory services
Guidance in respect of the upcoming regulatory changes and impact analysis
Gap analysis against the regulatory requirements and best market practices
Development / enhancement of the relevant policies and procedures
Development / enhancement of the methodologies applied
Support in addressing the regulator’s comments
Stress testing development and calibration
Modelling and quantitative analysis
Risk management trainings
Digital solutions and data management
- Co-implementation of risk management tools (PMO)
- Assist in selection of digital solutions from a range of vendors and vendors due-diligence
- Validation of implementation of risk management tools and models (independent review)
- Calibration of existing systems and tools for regulatory changes
- Support in development / enhancement of the effective risk data aggregation
- Quality review of the risk management data and reporting
- Support in identifying and selecting data sourcing options
- Quantification of IRRBB under stress scenarios
Risk management vendors solutions
Regulatory Reporting, Risk Measurement, Stress Testing, Operational Risk, Data Management …. complex tasks that are time consuming, costly, and resource draining.
PwC Vendor Solutions is there to help.
Through expert knowledge and additional support from a network of deep relationships with reputable vendors, PwC Luxembourg can support you with tailor-made solutions from a broad service suite.
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