The Deloitte Banking Risk Lab is an initiative to organise a series of events, workshops and training sessions for risk professionals in the banking sector.
Over the last few years, bank regulatory requirements have increased significantly as part of the European Commission’s initiative to create a sounder financial sector in response to the credit crisis and recession of the late 2000s. As part of the EC initiative, the Banking Union was set up to improve the level of banking supervision, under which the Single Supervisory Mechanism (SSM) and Single Resolution Mechanism (SRM) have been established.
As of last January, SSM’s latest supervisory framework does not apply only to the systemic banks but to all lenders in EU and is not only focused on capital and liquidity but to governance and overall business model and profitability.
The company’s mission statement is to facilitate a technical platform for risk professionals in the sector to receive training, views from international peers and regulators and exchange insights with other professionals.
An ICAAP and ILAAP workshop being held tomorrow is a free workshop designed primarily for professionals who prepare ICAAP and ILAAP reports and are responsible for the ICAAP and ILAAP processes. It will focus on the new ICAAP and ILAAP expectations under SREP supervision. To register, visit http://www2.deloitte.com/mt/icaap2016.
A Recovery Planning workshop is also being held on June 23. This is also free and designed for people who prepare a recovery plan report and are responsible for the recovery planning process. It will focus on BRRD expectations on how to develop severe but probable scenarios to create a significant impact on the bank’s solvency, liquidity, profitability and funding continuity, map your recovery options to the scenarios, set the indicators and establish a matrix reporting structure with clear responsibilities and reporting lines. Registration for this event will open shortly.
With risk management under the spotlight, investing in training and development is critical. The company is experienced to provide regulatory and risk training to different levels within banks, from boards of directors and risk committees to risk functions and operations departments.
It can therefore tailor training to one’s needs. Some of the areas where it has provided training include: Basel III and CRD/CRR requirements, including capital and liquidity; Pillar 2, ICAAP and ILAAP and the SREP supervisory approach; asset quality review and stress testing; IFRS 9 and other accounting standards; FATCA and CRS; anti-money laundering and the fourth AML directive; payment services directives 1 and 2; recovery and resolution planning; design and implementation of a risk management framework; and Pillar 3 disclosures.
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Cassar Torregiani & Associates is a firm of advocates warranted to practise law in Malta and is exclusively authorised to provide legal services in Malta under the Deloitte brand.
Deloitte provides audit, consulting, financial advisory, risk management, tax and related services to public and private clients spanning multiple industries. With a globally connected network of member firms in over 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges.