Wojciech Sadowski’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

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

🏦 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

Further commentary on the new Risk Management Benchmark from our editorial experts highlights the prominence of credit and counterparty risks as the most widely covered by central banks: https://hubs.li/Q032YMyN0 Other critical risks include liquidity, market, and operational risks. Explore the full article for valuable insights into the shifting priorities and best practices shaping central bank risk management strategies in 2025. #riskmanagement #benchmarking #centralbanking

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

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/44T6aId. #Deloitte #RiskAdvisory #RiskManagement #banking #webinar