In the current environment, the management of all risk types in financial institutions is a key focus for regulators, shareholders and customers. Recent market developments have increased the focus on risk management practices and consequently regulators today are placing greater emphasis on the need for sound and effective risk management frameworks.
In addition to this an increased onus is also being placed on firms to deliver a more integrated risk and capital framework, which is creating challenges as firms seek to embed new concepts of risk management into business as usual. This increase in focus is also being driven by legislative requirements such as those encapsulated in the Capital Requirements Directive (‘CRD’), Solvency II, and the Markets in Financial Instruments Directive (‘MiFID’).
How can PwC assist you?
Our team has extensive experience in this area working with some of Ireland’s leading financial institutions supporting them in the following areas: