Reflecting their relative financial strength, Romanian financial institutions have largely stood apart from the current environment's issues. Nevertheless it remains an exceptionally challenging time for the Romanian banking industry - from volatile markets and increased funding costs to strategic cost cutting and heightened regulatory scrutiny. In such an environment, protecting and growing shareholder value requires that financial institutions be disciplined, customer focused.
However successful initiatives to protect financial institutions and stimulate economic growth turn out to be, the financial services industry is likely to reinvent itself; probably faster than many people expect.
As financial services organizations look to recover from this crisis, their focus is on issues such as cost reduction, capital and liquidity management, risk management and changing regulatory landscape. In some cases the way forward will require a new business model and new ways of thinking.
Our audit teams have the in-depth industry knowledge that enables us to deliver the statutory audit with rigor and insight, while our advisory group offers advisory on financial service's accounting issues. Our tax teams advise on the most complex international tax issues and structures. We have a regulatory group, able to advise on and implement all aspects of European and international financial services regulation while our risk and information management teams deliver strategies in these business critical areas.
We welcome the opportunity to discuss how KPMG in Romania can help you achieve your business objectives. To find out how we can work together, please contact us or view below for more details.