Deloitte’s Post

On May 3, 2024, the European Central Bank (#ECB) published its final guide on risk data aggregation and risk reporting (#RDARR). 🛡️ Join Deloitte experts Andris Liepins, Dagnija Bērziņa, and Elena Grigore this Wednesday, 12 June at 11 AM 📅 to explore the core principles and requirements of the guide. 🔗 Sign up now to learn practical strategies for maintaining compliance and enhancing your risk data management: https://deloi.tt/4arULAs. #Deloitte #RiskAdvisory #RiskManagement #banking #webinar

On May 3, 2024, the European Central Bank (#ECB) published its final guide on risk data aggregation and risk reporting (#RDARR). 🛡️ Join Deloitte experts Andris Liepins, Dagnija Bērziņa, and Elena Grigore this Wednesday, 12 June at 11 AM 📅 to explore the core principles and requirements of the guide. 🔗 Sign up now to learn practical strategies for maintaining compliance and enhancing your risk data management: https://deloi.tt/4arULAs. #Deloitte #RiskAdvisory #RiskManagement #banking #webinar

On May 3 2024, the European Central Bank (#ECB) published its final guide on risk data aggregation and risk reporting (#RDARR). 🛡️ Join Deloitte experts Andris Liepins, Dagnija Bērziņa and Elena Grigore this Wednesday, 12 June at 11 AM 📅 to explore the core principles and requirements of the guide. 🔗 Sign up now to learn practical strategies for maintaining compliance and enhancing your risk data management: https://deloi.tt/4arULAs. #Deloitte #RiskAdvisory #RiskManagement #banking #webinar

On May 3 2024, the European Central Bank (#ECB) published its final guide on risk data aggregation and risk reporting (#RDARR). 🛡️ Join Deloitte experts Andris Liepins, Dagnija Bērziņa and Elena Grigore this Wednesday, 12 June at 11 AM 📅 to explore the core principles and requirements of the guide. 🔗 Sign up now to learn practical strategies for maintaining compliance and enhancing your risk data management: https://deloi.tt/4arULAs. #Deloitte #RiskAdvisory #RiskManagement #banking #webinar

🏦 ECB consults on governance and risk culture The European Central Bank (ECB) has launched a public consultation on its new draft Guide on governance and risk culture, inviting feedback from banks and stakeholders until October 16, 2024. This initiative aims to replace the 2016 supervisory statement and outlines updated expectations for banks' internal governance. Key highlights include: - Focus on Diversity and Effectiveness: The Guide emphasizes the need for diverse and effective management bodies, a priority for the Single Supervisory Mechanism (SSM). - Clarified Expectations: It details how management bodies should operate, the roles of internal control functions, and the importance of a robust risk culture. - Practical Reference: The Guide serves as a roadmap for banks, incorporating recent updates from the European Banking Authority and examples of best practices. - Ongoing Scrutiny: The ECB will intensify its oversight to ensure banks implement necessary governance improvements, particularly in light of past financial crises. A stakeholder meeting is scheduled for September 26, 2024, to discuss these developments further. This consultation marks a significant step towards strengthening governance standards in the European banking sector. Link - https://lnkd.in/gbZfJe4u #riskspotlight #operationalrisk #operationalriskmanagement #riskculture #riskgovernance #riskmanagement

📍The European Central Bank are taking a proactive approach to enhancing risk data aggregation and reporting (RDARR) processes. 💡 In today's ever-evolving financial landscape, robust risk management practices are non-negotiable. Despite advancements, many banks still grapple with addressing weaknesses in RDARR, prompting the ECB to take action. 🎯 Key among the ECB's priorities is the integration of internal risk reporting mechanisms throughout banking institutions. 🔄 This entails not only fortifying internal risk management systems but also harmonising them with regulatory reporting processes, leveraging digital, XBRL-based formats for enhanced efficiency and accuracy. 🚀 By bridging the gap between internal and regulatory risk reporting, the ECB aims to ensure seamless data flow, empowering both banks and supervisors with comprehensive insights into the sector's risk landscape. 👉 Read more here: https://zurl.co/RlCu #ECB #riskmanagement #banking #supervision #riskdata #regulatoryreporting #finance #leadership #innovation #bankingregulation #financeindustry

Middle Eastern banks face new challenges with the Central Bank of UAE’s Model Management Standard and Guidance. This blog explores: 🔹Importance of automated MRM solutions 🔹CBUAE’s new regulations and impact 🔹Challenges and opportunities for banks 🔹Long-term benefits of investing in MRM tools Discover how BCT Digital’s rt360 MRM suite can help streamline compliance and ensure effective risk management. Read more here: https://lnkd.in/d45yc6K3 #BCTDigital #rt360 #ModelRiskManagement #FinancialCompliance #BankingInnovation

🎙️ Podcast Insight: The Origins of Basel Framework 🏦 📍 Did you know Basel, the hub of global banking regulation, is a town in Switzerland? In the 1970s, global regulators and central banks from the largest economies gathered in Basel to establish the Basel Committee for Banking Supervision. This historic meeting led to the creation of the first global framework, aptly named Basel I. 🌍 Over the years, subsequent frameworks kept the Basel name, with Basel III being the latest. If you're in risk management within financial services, understanding the origins of Basel III is crucial for navigating its intricate requirements and implications effectively. Listen to the full discussion for more insights! 🎧 https://lnkd.in/da7bi7hi #Finance #Banking #BaselFramework #RiskManagement #GlobalRegulation #FinancialServices #FinanceEducation

On May 3 2024, the European Central Bank (#ECB) published its final guide on risk data aggregation and risk reporting (#RDARR). 🛡️ The guide outlines prerequisites for effective risk data practices, specifying and reinforcing supervisory expectations based on Basel Committee on Banking Supervision’s Principles for effective risk data aggregation and risk reporting (#BCBS239). Dive into the core principles and requirements of the guide on 12 June at 11 AM 📅 with Deloitte experts Andris Liepins, Dagnija Bērziņa and Elena Grigore. 🔗Register now to discover practical steps for staying compliant and improving your risk data management: https://deloi.tt/4arULAs. #Deloitte #RiskAdvisory #RiskManagement #banking #webinar

We’ve talked a lot recently about the ECB’s latest guidelines on intraday liquidity risk management, and for good reason. To quote Planixs' CEO and Founder, Neville Roberts: “The European Central Bank wrote our user guide !!!” For banks without real-time systems, meeting the new guidelines set by the ECB is going to prove to be more than a challenge. Which is why we’ve broken down the new guidelines into four ways our real-time liquidity management solution, Realiti, can help your bank build a more resilient and efficient liquidity management framework. ✅ Simplify Compliance: Realiti translates the complex requirements of the ECB into actionable, automated processes. ✅ Improve Efficiency: Real-time insights and Realiti’s automation eliminate manual processes and reduce operational risks. ✅ Unlock Strategic Value: Enhanced data visibility and forecasting allow banks to optimize liquidity usage, reduce costs, and improve profitability. ✅ Future-Proof Operations: Realiti equips banks with the tools to adapt to evolving regulatory landscapes and market conditions. Learn more about how Realiti aligns with the ECB’s vision for a resilient banking future through the link in the comments below. #Treasury #TreasuryManagement #Liquidity