Financial Institutions in Ireland Must Adapt to Evolving Risk Landscape, Says EY
In today’s rapidly changing regulatory environment, financial institutions in Ireland are facing unprecedented challenges in managing their risk exposure. According to global professional services firm EY, Irish banks and financial institutions must adapt quickly to new business models and evolving risk management requirements.
EY’s Financial Services Risk Management Solutions
EY’s Financial Services Risk Management consulting team offers integrated solutions to help financial institutions navigate the complex landscape of:
- Enterprise risk
- Liquidity risk
- Credit risk
- Operational risk
- Compliance risk
- Capital management
- Market risk
- Structured finance
- Quantitative services
With a deep understanding of the Irish financial sector, EY’s experts can help institutions drive efficiency, effectiveness, and balanced risk coverage across their governance, risk, and compliance activities.
Expert Services Offered by EY
The firm’s Enterprise Risk Consulting Services team assists with:
- Creation, enhancement, implementation, and review of integrated frameworks for identifying, measuring, mitigating, and monitoring risks from all sources
- Credit risk identification, measurement, management, and reporting
Meanwhile, EY’s Treasury and Liquidity Risk group provides strategic recommendations to identify, measure, and manage liquidity risk, helping organizations comply with regulatory expectations and enhance their position in an evolving competitive landscape.
Additional Expertise
EY offers expert services in:
- Operational risk framework creation, enhancement, implementation, and review
- Regulatory Compliance team assists with designing effective, flexible, and robust compliance programs to address unique business, regulatory, risk tolerance, technology, and operational model requirements
The firm’s Financial Crimes Compliance professionals design, implement, and operate Anti-Money Laundering (AML), Know-Your-Customer (KYC), and Office of Foreign Assets Control (OFAC) sanctions functions.
Adapting to Evolving Risk and Regulatory Environments
In a statement, EY emphasized the importance of adapting to evolving risk and regulatory environments for financial institutions in Ireland. “We understand the unique challenges facing Irish banks and financial institutions,” said a spokesperson. “Our integrated risk management solutions can help them navigate these challenges and accelerate their performance.”