Luxembourg’s Financial Institutions Urged to Strengthen Risk Management Strategies Amid Evolving Global Landscape

Introduction

The global economic landscape is experiencing unprecedented changes, and Luxembourg’s financial institutions are being urged to reassess their risk management strategies to stay ahead of the curve. In a rapidly changing environment, corporations recognize the importance of robust risk management setups to boost organizational readiness and response to growing risk realities.

The Need for Robust Risk Management

Financial institutions in Luxembourg, like those globally, face unique challenges and demands. To steer their organizations through turbulent times more effectively, many are seeking to integrate sound risk management practices into their firm-wide performance management systems. KPMG’s risk management professionals are working closely with corporate clients across the financial sector, leveraging their expertise in both financial and non-financial risk to deliver optimal value.

KPMG’s Risk Management Services

KPMG offers a range of tailored services designed specifically for Luxembourg’s financial institutions, addressing the unique challenges and demands of the industry. These services include:

• Risk Awareness Training and Workshops: Comprehensive training programs at all levels, from board members to management
• Building a Strong Risk Culture: Developing a risk-aware culture within organizations
• Risk Strategy and Appetite Frameworks: Creating frameworks and statements for effective risk management
• Embedding Risk into Financial Planning Processes: Integrating risk considerations into financial planning and decision-making
• Digitizing Risk Management Systems: Implementing digital solutions for efficient risk monitoring and reporting
• Managing Incidents and Process Control: Developing processes to manage incidents and ensure business continuity
• Financial Risk Management Expertise: Providing expertise in treasury management, IFRS 9 accounting requirements, and cyber and IT risk assessments
• Risk Reporting Mechanism: A comprehensive reporting mechanism to inform financial institutions and support data-driven decisions

Contact Information

For more information on KPMG’s risk management services, please contact:

Sven Muehlenbrock Partner and Head of Risk Advisory