Financial Crime World

Here is the rewritten article in markdown format:

Singapore Firms Emphasize Robust Financial Risk Management Policies Amid Global Concerns

In a climate marked by heightened financial risks, Singapore-based companies are placing increased emphasis on establishing robust financial risk management frameworks to ensure compliance, inform better decision-making, and drive performance.

KPMG’s Expertise

As trusted risk management advisers to the boards and executive teams of leading enterprises, KPMG’s Financial Risk Management professionals offer a range of services to help clients navigate complex financial risks. These include:

  • Credit risk measurement and management
  • Operational risk measurement and management
  • Market and liquidity risks
  • Economic capital management

Success Stories in Singapore

KPMG has successfully assisted several Singapore-based companies in mitigating their financial risks. For example:

  • A large commodity and energy trading company based in the city-state worked with KPMG to validate the effectiveness of its FX hedging operations in relation to HSFO fuel hedging operations. The project resulted in:
    • Improved risk management policies
    • Treasury system enhancements
    • Better segregation of duties
  • One of Malaysia’s largest oil and gas multinationals partnered with KPMG to develop a cutting-edge treasury and liquidity management framework, which enabled the centralization of liquidity and financial risk management on a group-wide basis. The project is expected to generate annual savings of up to US$100 million in interest paid on external funding.
  • A leading real estate firm in Singapore worked with KPMG to identify the most appropriate accounting treatment for hedges of foreign exchange exposures, providing guidance on possible hedging strategies and analyzing the impact of different accounting options on profit and losses.

Expertise in Financial Risk Management

With its expertise in financial risk management, KPMG is well-positioned to help Singapore-based companies navigate the complexities of financial risk management. Whether it’s credit risk measurement and management or operational risk measurement and management, KPMG’s team can provide tailored solutions to meet each client’s unique needs.

I hope this helps! Let me know if you have any further requests.