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Regulatory Capital?
In The UK Financial Services World, as it is across Europe, Regulatory Capital is calculated across the three pillars or the Internal Capital Adequacy Assessment Process. The main findings of the ICAAP analysis are: how much and what composition of internal capital the firm considers it should hold as compared with the capital resource requirement (CRR) pillar 1 calculation, and the adequacy of the firms risk processes. management
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Regulatory Capital?
The Capital Resource Requirement (CRR) is the result of the Pillar 1 calculation and is mainly fixed overhead based, including winding down costs of the business or parts of it. Apart from accountancy efforts and a costs moratorium, there is little to be done to assist in this area from our perspective as a risk and compliance consultancy. However, where we score and can make a big difference is in the adequacy of the firms risk management processes. We saved a firm almost 20% of their Individual Capital Guidance (ICG) by helping define their risk management package
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Several Key initiatives were identified amongst three main items; a fully operational and effective risk Implement
governance structure enabling the timely identification, mitigation and reporting of the groups key risks along the chain of management up to the Board of Directors Design and execute on an integrated control environment coordinated across all support functions to optimise the balance between efforts dedicated to controls improvement and areas of risks. Achieve the consistent integration of the risk tools and methodologies in the firms financial processes to inform the firms strategic decisions and ensure that the group remains within its risk appetite across all risk categories
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Solution was;
The two risk consultants analysed the current risk database and quickly identified the single facet to the risks, calling for a complete overhaul of the list of potential standard risks on a triple layered standard, providing Management Information to the required level in a robust, consistent and appropriate standard.
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Benefits were;
Identification of the risks then provided a clearer and more accurate risk reporting regime which once identified could then be plugged into the entire business, creating business type specific scenarios for risk assessment purposes, feeding into the ICAAP calculations. This then provided an overall and measured risk assessment that provided quantifiable losses over previous qualitative measures. This had the benefit of saving over the regulatory risk capital requirement Translating into almost 100M!!! 18% of
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with fewer people working on the project.We (and/or the few people we might also involve) are constant which means that there isnt the need to sift through dozens of differing perceptions. Were faster. We can respond to requests quickly, and return all calls within four hours which means to you thatthere is no
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someone who can base their fees on each situation and not on a pre-determined service scale or need for reaching a practice quota. This means quite simply better value to you.
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We will conduct an initial appraisal at our cost only charging for expenses We will make a proposal based on our appraisal with your outcomes and needs We will discuss the precise scope with you and provide you with a project price We will complete the work to your original scope and satisfaction
We have a wealth of Financial Services Experience, and due to the remedial nature of our work forming over 60% of our business and that is conducted under a Non Disclosure Regime, we cannot demonstrate every client.
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Who Are Our Clients? We Do have a large amount of experience in a number of other fields and industries within the major utilities and even Local Authorities.
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Tel (UK)
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