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In the context of increased regulatory pressure, financial institutions and insurers are facing many strategic and organizational challenges. Governance, risk and compliance services can ensure sustainable performance of activity and business.

BearingPoint helps the financial services industry in risk and compliance based on a flexible, tailored approach covering the latest applicable regulations. We assist clients from all industries with improving their risk and compliance framework to meet regulatory needs and promote sustainable performance:

  • Effective, transparent and lean risk and compliance governance and processes
  • Sound and thoroughly defined methodology taking the client´s business model into account
  • Well-structured data and state of the art data management
  • Future-proof infrastructure and use of technology

Governance:

Offer

  • Asses and adapt the existing governance process
  • Foster integration and convergence between supervisors
  • Define and implement pilotage and ethics solutions

 

Example of mission (asset manager)

  • Defining and implementing governance for the whole control functions in line with the operational model and the core guidelines

Compliance:

Offer

  • Perform a regulatory watch and analysis
  • Identify and qualify the impact on business activities and operations
  • Foster integration with an appropriate risk management approach

Example of mission (bank of a car manufacturer)

  • MIFID II impact assessment
  • PRIIPs KID external provider benchmark
  • Performing a compliance review of IT processes and verifying their compliance with French and German regulation and defining a European action plan

Risk Management:

Offer

  • Organize the governance core risk processes of banks (e.g., ICAAP, ILAAP, Risk Appetite Framework)
  • Manage & control traded risks in line with regulation (market risk, counterparty credit risk, CVA risk)
  • Manage and control non-traded risk types (liquidity risk, interest risk in the banking book)
  • Organize treasury function (funds transfer pricing)
  • Risk data management and data governance

Example of mission (major banks)

  • 3 line of defense model - roles and responsibilities and processes definition for a European major bank
  • Risk factor definition and prototype of a Value at Risk model for a German bank
  • Implementation of liquidity risk and interest risk in the banking book frameworks at different major European banks
  • Implementation of BCBS239 at some major banks