Financial Risk Management 

Risk, when understood and managed properly, can create business opportunities and deliver real value to the business. KPMG's financial risk management specialists helps banks, insurance firms and investment firms, in Cyprus and abroad, to make the most out of business and financial risk by not only, identifying, assessing, managing, reporting on and mitigating the risks they face but also, by providing guidance regarding the nature of risks they could further take up within their reach to provide impetus to their business growth.
Competitive pressures and regulatory requirements are increasing the need for an integrated, enterprise-wide approach to risk management. Advising on effective strategies for the management of financial and non-financial risks is the core of our work. We provide risk management diagnostic review, framework design and implementation services.

In providing this and other assistance, the risk management philosophy underpinning our approach is based on linking risks to opportunities, rather than focusing solely on minimizing losses and complying with regulatory requirements. After all, effective risk adjusted performance management is now more than just a useful tool, it has become a competitive imperative.



The Challenge-Balancing
    Risk versus Return

Many times today, people look upwards, striving for that never quite enough return. But look downwards too. You could just be balancing a fine line between a quantum return and a huge loss. Many of the traditional assumptions about risks and managing them are being challenged if not entirely overthrown. In light of the need for Financial Institutions to assess the soundness and appropriateness of their internal assessment and risk management strategies, Risk Management is increasingly a key constituent of maximizing and safeguarding shareholder interest. Think Enron, think Barings. Think…



We help banks, insurance companies, and investment firms identify, assess, manage, report and limit the risks they face
How we can help you

KPMG's Financial Risk Management (FRM) professionals help management and boards of directors to identify, measure, and monitor financial and business risks, the relationships between risks and returns, and the control environment over the management and reporting of these risks. We analyze the consistency of a client's risk management framework with the defined risk strategy. We offer a critical assessment of the implementation of risk strategy in all areas of a client's business. We understand the regulatory requirements and support them being integrated into a client's risk strategy. Also, we help clients to design and implement an effective risk management framework and infrastructure, thus, optimizing the use of risk capital, risk methods, processes and systems.

KPMG Ltd has long term experience in delivering financial services in Cyprus and abroad. In addition, our Financial Advisory Services department in Cyprus is the only advisory department in the island that has a unit solely dedicated to the provision of advisory services to financial institutions with relation to compliance, financial risk management, Solvency II and Basel II / Capital Requirements Directive (CRD) compliance services.

Our service offering:

At the FRM division, we provide a wide range of risk advisory services, which are tailored to your institution. Our principal advisory lines are:

Contacts

Marios L.Lazarou
Board Member

+357 22209029

Fax: + 357 22513294

mlazarou@kpmg.com

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