KPMG in Greece has extensive experience of delivering a wide range of strategies to clients in the financial sector
KPMG in Greece has extensive experience of delivering a wide range of strategies...
In the past few years, financial institutions have been through an intense period of change that has greatly increased the potential for operational risk. Increased regulation, mergers and acquisitions, internal restructuring and changes to systems and technology bring management up against a potential minefield of risks and issues.
Operational risk includes hidden dangers that do not fall under the umbrella of market or credit risk:
The way financial sector organizations manage these risks is under greater scrutiny than ever before (in this respect, Basel III framework is a comprehensive set of reform measures to strengthen the regulation, supervision and risk management of the banking sector), as they are liable to shareholders, regulators, and other stakeholders.
KPMG in Greece is one of the leading providers of operational risk management advisory services and has extensive experience of delivering a wide range of strategies to clients in the financial sector. This includes diagnostic and regulatory compliance reviews, benchmarking studies, developing risk management frameworks, and setting up and supporting the risk management function.
KPMG’s operational risk services include:
Operational risk strategies
Risk management structures
Risk identification and assessment
We help clients to identify, assess and manage operational risk using risk profiling techniques, a variety of self-assessment approaches, loss data and scenario based quantification approaches and risk and control databases. We can also help you develop specific components of your control frameworks, such as business contingency planning and risk transfer through insurance.
Risk management information