The state of Non-Financial-Risks (NFR) and its management in 2017 and beyond.

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Non-Financial Risk Management Insights Series

Implementing an integrated framework for financial institutions

Insights Series

We are pleased to welcome you to our Non-Financial Risk (NFR) Insights series. The series serves as a continuation of our original Point of View: The pressing case to design and implement a Non-Financial Risk Management Framework.

Each release will focus on one of the implementation categories:

 

 

Issue # 1 – Risk Taxonomy and Risk Identification

March 2018

A thorough analysis of a bank’s risk profile that takes into consideration its business model and strategic direction is a fundamental prerequisite of an effective risk and control management framework; it necessitates a comprehensive risk taxonomy and a dynamic Risk Identification process.

 

Read more & download our Insights Series #1.

Issue # 2 – Risk Appetite

May 2018

An integrated Risk Appetite Framework, covering financial and non-financial risks, is fundamental to informed decision-making and steering an institution within the business and risk strategy.

 

Read more & download our Insights Series #2.

What's next in 2018?

 

Technology

Selecting and deploying a common infrastructure to link processes to controls and support measurement and management of risks, while enhancing automation and transparency

Reporting

Creating a common reporting framework, where risks are monitored and communicated consistently across all lines of defence

Measurement & Monitoring

Perspectives to deploy qualitative and quantitative methodologies in order to measure and monitor NFRs

Supervision & Control Model

Ideas to leverage a rationalized inventory of controls across a wider spectrum of risks and processes

Governance

Adapting the existing governance model to include NFRs, with clear responsibilities across all risks

Our Insights Series by Deloitte's Banking Union Centre

About the Deloitte Banking Union Centre in Frankfurt (BUCF)

Europe’s most ambitious integration project since the euro.

The Banking Union initiative represents a fundamental innovation in supervision of financial services with significant consequences for the structure of the banking sector in the Eurozone and beyond, affecting business models and strategies.

Read more BUCF reports here.

Visit the BUCF solution overview here.