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Financial Institution Risk Management: A Pragmatic Approach to Regulatory Compliance in Belgium

In a rapidly changing regulatory landscape, financial institutions in Belgium must adapt quickly to ensure compliance and maintain sound risk management practices. KPMG’s Financial Risk Management (FRM) team offers expert guidance to help banks, insurance companies, and other financial sector actors navigate this complex environment.

Our Expertise

Our FRM professionals bring deep industry knowledge and global experience to shape your risk strategy, improve risk-adjusted performance, and implement pragmatic recommendations. We provide objective advice tailored to your organization’s unique needs and objectives, helping you drive business performance and achieve regulatory compliance.

Key Services

  • Financial Risk Modeling: Developing, validating, and implementing credit risk, market risk, and operational risk models to meet demanding regulatory expectations.
  • Regulatory Reporting: Ensuring accuracy, efficiency, and future-proofing of reports filed with the regulatory authorities.
  • Financial Instruments Valuation and Accounting: Providing guidance on the impact of IFRS 9 on financial institutions.

Additional Services

  • Supervisory Review and Evaluation Process (SREP) Assessments: Identifying key objectives set by supervisors and developing strategies to address identified issues.
  • Environmental, Social, and Governance (ESG) Risks: Integrating ESG risks into your risk management framework, providing guidance on conducting gap assessments against regulatory requirements and materiality assessments on company activities.
  • Recovery and Resolution Planning: Improving governance, capital structure, and playbooks for banks and other financial institutions.

Regulatory Compliance

Our FRM team offers a range of services to ensure regulatory compliance, including:

  • Regulatory Rule Analysis and Horizon Scanning: Centralizing regulatory inventory management processes and strategic assessment of current state against to-be compliance requirements.
  • Compliance Governance, Controls, Policies, Procedures, and Processes: Designing and implementing revised policies and procedures.

Implementation and Remediation

Our implementation and remediation services include:

  • Policies and Procedures: Drafting policies and procedures, training materials, project and program management, internal and external stakeholder management, and assurance/attestations.
  • Technology Selection and Implementation: Selecting and implementing technologies that align with the organization’s compliance strategies, reducing costs and improving performance, agility, and effectiveness.

Conclusion

With our expert guidance, financial institutions in Belgium can navigate the complex regulatory landscape, ensure sound risk management practices, and drive business performance.