Financial Institution Risk Management Policies Under Scrutiny in Singapore Amid Regulatory Changes
As financial institutions in Singapore navigate a rapidly evolving regulatory landscape, they are under increasing pressure to revamp their risk management strategies to stay ahead of the curve. In this challenging environment, experts from Ernst & Young (EY) are offering cutting-edge solutions to help local banks and financial institutions manage risk more effectively.
Introducing EY’s Financial Services Risk Management Consulting Team
With a deep understanding of the complexities surrounding risk management, EY’s Financial Services Risk Management consulting team is uniquely positioned to provide integrated services that cater to the unique needs of Singapore-based financial institutions. From enterprise-wide risk assessment to compliance risk mitigation, EY’s experts bring together qualitative, quantitative, regulatory and technology skills to drive efficiency, effectiveness and balanced risk coverage across governance, risk and compliance activities.
Services Offered by EY
Enterprise Risk
- Assist with creating, enhancing, implementing and reviewing integrated frameworks for identifying, measuring, mitigating and monitoring risks from all sources.
Liquidity Risk
- Provide strategic recommendations to identify, measure and manage liquidity risk, ensuring compliance with regulatory expectations and enhancing competitive positioning.
Credit Risk
- Offer leading services focused on assisting in credit risk identification, measurement, management and reporting.
Operational Risk
- Assist with creating, enhancing, implementing and reviewing operational risk frameworks to ensure effective risk management.
Compliance Risk
- Design effective, flexible and robust compliance programs tailored to unique business, regulatory, risk tolerance, technology and operational model requirements.
Financial Crimes Compliance
- Design, implement and operate Anti-Money Laundering (AML), Know-Your-Customer (KYC), and Office of Foreign Assets Control (OFAC) sanctions functions.
Capital Management
- Offer services to help anticipate and adapt to regulatory changes and assess their impacts on business models and capital needs.
Market Risk
- Focus on financial risk identification, measurement, mitigation, monitoring and reporting of exposures to interest rate, commodity, equity and foreign exchange movements.
Structured Finance
- Participate in the domestic and global structured finance market, assisting with the execution of structured finance deals from beginning to end.
Quantitative Services
- Apply quantitative techniques to help institutions develop and validate risk measurement and valuation methodologies.
Conclusion
In today’s complex financial landscape, Singapore-based financial institutions can rely on EY’s expert guidance to navigate the challenges of risk management and regulatory compliance. By leveraging EY’s cutting-edge solutions and expertise, these institutions can accelerate their performance while ensuring sound risk management practices.