New and extended regulatory requirements for risk management in reaction to the recent financial crisis – mostly known as Basel III – require swift and professional reactions from banks of all kinds and sizes. Among the various areas of financial risk management, the following issues are key:
How BearingPoint brings value
To implement the increasingly complex regulatory requirements you need to bring together different skills. They range from functional, organizational and methodological knowledge to mathematical and technical expertise. In addition you need to understand the regulatory regime and its application in various countries.
Your business and IT people need to work together to meet the requirements of growing functional complexity, increasing amounts of data and less tolerance for late reports or imprecise results. It is vital to understand the underlying business as well as the individual needs of the different departments in a bank to solve new regulatory requirements efficiently and effectively.
We can help. As one of the leading consultancies in risk management and banking regulation, we combine the required skills which have been developed and proven during many successful client engagements throughout Europe and globally. As the provider of the leading regulatory reporting software ABACUS/DaVinci, we know both the theory and the practice of banking regulation.