Financial Institution Risk Assessment in Hungary: A Growing Concern

As concerns about financial risk continue to escalate both globally and locally, it has become increasingly crucial for financial institutions in Hungary to operate robust risk management frameworks that meet compliance demands, inform better decision-making, and enhance performance.

The Importance of Robust Risk Management Frameworks

To address this pressing issue, KPMG’s Financial Risk Management Advisory function provides expert services to banks, insurance companies, investment services providers, asset managers, financial enterprises, and corporate clients. Our team of 25 local professionals with extensive knowledge of the Hungarian market and global expertise has been helping institutions identify and mitigate potential financial risks.

Our Expertise

Our advisory services cover a wide range of areas, including:

• Regulatory Compliance: MiFID II/MiFIR/EMIR/PRIIPs, Basel/CRR-CRD/ICAAP-SREP
• Risk Management: Credit risk, market risk, operational risk, remuneration policy
• Supervisory Examination and regulatory reporting
• Internal Audit and Compliance Functions
• Capital Planning and capital optimization
• Recovery and Resolution Plans
• Business Improvement and risk management processes
• Scoring and Rating Models
• IFRS9 Impairment Effects
• Financial Crimes Controls: Solvency II, Benchmarks Regulation, PSD2, instant payment preparation
• Brexit Risk Assessment
• RPA Solutions and Artificial Intelligence-based tools
• RegTech and due diligence services for fintech companies

Our Approach

Our approach is built on years of experience and the latest technology, ensuring compliance with regulatory requirements while delivering economic benefits. With our local expertise and global knowledge, we are well-positioned to help Hungarian financial institutions navigate the complex landscape of financial risk management and achieve success in the era of “smart digital finance” (SDF).