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Financial Services

Risk Services

Risk in Financial services

Financial institutions across the Banking, Wealth, Insurance and Superannuation sectors are facing continuing pressure from regulators on one side and shareholders on the other.

Working to balance the former’s expectations for higher levels of capital and the latter’s for superior returns; senior executives and boards are focusing on improving risk management and governance and deploying capital more efficiently.

We can help our clients build an intelligent risk strategy to address their current, looming and future risk across:  

  • The regulatory environment
  • The competitive landscape
  • Changing capital, liquidity and funding requirements
  • Cost and performance pressures
  • Infrastructure and technology needs
  • The use of data analytics
  • Increased expectations from stakeholders.

Read more about our risk and online delivery or delve into some of our services that are addressing significant risk issues in Financial Services:

Sectors:

Banking

 

The Banking sector continues to undergo enormous transformations, addressing more sophisticated customer demands and facing increasing regulatory pressures from Future of Financial Advice (FoFA), anti-money laundering (AML), Know Your Customer (KYC) and Foreign Account Tax Compliance Act (FATCA).

Financial crime and cyber-security are also significant issues, with implications for how banks deal with technology developments across mobility and payment platforms, security and cloud computing significant focus areas.

Through a deep understanding of the sector, our specialists can address the risk implications from these pressing issues, helping our clients increase efficiency and improve monitoring, reporting, and mitigating of risk.

Insurance

 

Within the Insurance sector, organisations are confronting the need for increased premiums to meet claims and to fund innovation, efficiency issues, new competition and ongoing regulatory reform.

Through a deep understanding of the sector, our specialists can address the risk implications from these pressing issues, helping our clients increase efficiency and improve monitoring, reporting, and mitigating of risk.

Wealth Management and Investment

 

In the Wealth sector, regulatory pressures from Future of Financial Advice (FoFA) and StrongerSuper reforms, merger and acquisition activity, and technology developments are having significant impacts on organisations.

Through a deep understanding of the sector, our specialists can address the risk implications from these pressing issues, helping our clients increase efficiency and improve monitoring, reporting, and mitigating of risk.

Superannuation

 

Although on a global scale Australia's superannuation system is highly ranked, the last five years have presented a number of pressures including increased benefit payments, reduced contributions, post-retirement asset growth concerns and shrinking asset pool as a portion of Australia's gross domestic product.

Through a deep understanding of the sector, our specialists can address the risk implications from these pressing issues, helping our clients increase efficiency and improve monitoring, reporting, and mitigating of risk.

Talk to us

Timothy Oldham Timothy Oldham
Lead Partner
Tel: +61 2 9322 5694
Email

 

Watch

Global risk management survey of financial institutions, eighth edition

Interview with Peter Matruglio on Sky Business News [4.57mins]

 

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