We support our clients in all questions related to risk management.

Risk handbook

Review of the existing risk handbook or creation of a new risk handbook.

Risk management process

That includes the evaluation of the existing risk management process and the identification of weaknesses and deficiencies.

We would gladly accompany you in the improvement of individual process steps like

Risk identification

Identification of consisting risks through communication with the management of the company and participants in the process

Development of early warning indicators

Risk analysis

Support within the scope of risk analysis by designing a risk map

In doing so the different risks get attached to variables for probability (of the occurring risk), the impact and control

We got specialised knowledge in the areas of Basel II und Solvency II. [references]

Basel II

Regulatory capital requirements (Basel II) have to be gradually fulfilled till January 2008. The requirements demand special attention with regard to IT-Systems, organisation and the staff of a credit institution. Our employees have many years experience in the implementation of regulatory requirements - among other things with reporting software like SAMBA und ABACUS/DaVinci.

We could support you in the following stages of a Basel II project:

Preliminary study

Gap analysis: determination of the areas in which you currently fall short of the best practise.

Planning

This contains the design of a project plan with milestones and the estimation of the necessary resources as well as the definition of sub-projects and a proper project structure.

Implementation

• Credit risk
• • Options with regards to methods
  • Segmentation
  • Design of a collateral management system that complies with Basel II
  • Definition of data requirements
  • Process flows
  • Reporting systems
• Operational risk
• • Development of a comprehensive framework for that area
  • Development of qualitative risk assessment approaches
  • Operational risk model (including input with regard to the use of internal and external data, qualitative assessments and scenario analysis)
• Disclosure
• • Evaluation of the convergence between Basel II and IFRS
  • Co-ordination with respect to uniform risk reporting
  • Analysis of potential adjustments of methods
  • Co-ordination of data models to avoid storing superfluous data
• Use test and acceptance
• • Assistance with the creation of the regulatory documentation
  • Expert monitoring through the regulatory approval process
  • Support in Quantitative Impact Studies (QIS)

Solvency II

Not only banks face new regulatory capital requirements. Insurance companies will have to comply from 2010 onwards with new regulations called “Solvency II„. These regulations are structured similar to Basel II. Based on our ample experience in the area of risk management and reporting we possess outstanding competence in all areas that are relevant to Solvency II.

We could support you in the following areas:

Preliminary Analysis

We analyse the requirements of your company with a questionnaire that covers the main features of Solvency II.

Workshops/Reviews

We offer you workshops and reviews to give full particulars to the preliminary analysis. The result will be concrete suggestions to optimise your risk management. Naturally we will accompany you during the implementation-process of our suggestions.

Furthermore you can count on us in the following areas: