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.
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".
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
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:
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
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.
Risk & Regulatory Partner, PwC Luxembourg
Tel: +352 49 48 48 2874