Financial Crime World

ALBANIA TAKES FINANCIAL RISK MANAGEMENT SERIOUSLY IN GLOBAL ECONOMIC CLIMATE

In the face of growing global concerns about financial risk, Albanian enterprises are taking proactive steps to implement robust financial risk management frameworks. This approach not only helps meet compliance demands but also informs better decision-making and drives performance.

KPMG’s Financial Risk Management Expertise

KPMG’s Financial Risk Management team is at the forefront of this effort in Albania, working with financial institutions and corporate clients to achieve their objectives. The firm’s experts possess a deep understanding of the complexities involved in financial risk management and are well-equipped to provide tailored solutions that address the unique needs of each client.

Why Financial Risk Management Matters

According to KPMG spokesperson, “Financial risk management is more critical than ever for Albanian businesses.” The team is dedicated to helping clients navigate the challenges associated with:

  • Operational risks
  • Credit risks
  • Market risks
  • Compliance with regulatory requirements such as Basel II and Solvency II

KPMG’s Financial Risk Management Services

The firm’s services encompass a wide range of areas, including:

Operational Risk Measurement and Management

  • Identifying and assessing operational risks
  • Developing strategies to mitigate operational risk exposure
  • Implementing effective operational risk management frameworks

Credit Risk Measurement and Management

  • Assessing creditworthiness of borrowers
  • Developing credit policies and procedures
  • Monitoring and managing credit risk exposure

Transformation to Basel II and Solvency II Frameworks

  • Advising on the implementation of Basel II and Solvency II requirements
  • Providing training and support for staff
  • Conducting readiness assessments and gap analysis

Capital Adequacy and Regulatory Advisory Services

  • Assessing capital adequacy and regulatory compliance
  • Providing advisory services on regulatory matters
  • Developing strategies to improve capital adequacy

Financial Instruments Accounting

  • Advising on financial instruments accounting and valuation
  • Implementing IFRS 9 and other relevant standards
  • Providing training and support for staff

Risk Management in Transactions

  • Identifying and assessing risks associated with transactions
  • Developing strategies to mitigate risk exposure
  • Implementing effective transaction risk management frameworks

Asset Management Advisory

  • Advising on asset management strategies
  • Providing support for asset optimization and restructuring
  • Conducting asset valuation and appraisal

KPMG’s CEE Actuarial Services Group

The firm’s CEE Actuarial Services group provides actuarial expertise, ensuring that clients receive comprehensive support across all aspects of financial risk management.

Global Network and Local Expertise

With a global network at its disposal, KPMG is able to offer its services on both a local and international level, making it an attractive partner for Albanian businesses seeking to manage financial risk effectively in today’s complex economic environment.