On-site IT inspection simulation

Solutions

On-site IT inspection simulation

Test your technology governance readiness

The importance of the implementation and operating effectiveness of a robust information technology control framework has never been greater. Risks behind information technologies are not only operational but also strategic, reputational and financial.

More than ever, supervisory authorities (Luxembourg and European) are monitoring and auditing how organizations are managing their IT risks. In recent years, on-site IT inspections have significantly increased, focusing on hot topics such as cybersecurity, business continuity, change management, data integrity, and outsourcing. The outcome of these inspections can conclude in non-compliance or breach reports, with strict deadlines for remediation action implementation.

In this context, organizations should perform readiness activities to prepare for the on-site IT inspection of supervisory authorities.

How can Deloitte help?

At Deloitte, we recognize the multiple challenges faced by organizations concerning compliance with regulatory requirements as well as the increased scrutiny of regulators in enforcing those requirements. We help banks, PFS, management companies, and other organizations to prepare for on-site IT inspections.

How does it work?

Deloitte assists banks, PFS, management companies, and other organizations by simulating the on-site IT inspection, providing recommendations for improvement.

This will improve the company’s preparedness when the supervisory authorities arrive as well as provide improvements in the efficiency of the IT risks monitoring and control framework.

The on-site IT inspection simulation can cover multiple topic, such as:

The focus of the on-site IT inspection simulation will be customized according to the individual needs of an organization

Our approach and methodology

During the on-site IT inspection simulation our experts assess the client’s compliance with relevant regulatory requirements as well as help the client prepare for the inspection. The inspection comprises Deloitte’s advice on the best market practices, industry knowledge as well as insights into the regulatory landscape (e.g. CSSF Circulars, EBA Guidelines) and the interactions with the regulator with regards to on-site inspections.

The results of this simulation will help to not only prepare for the supervisory authorities inspection, but also to improve the current management of IT risks and regulatory compliance.

Insert CSS fragment. Do not delete! This box/component contains code needed on this page. This message will not be visible when page is activated.

Contacts

Roland Bastin

Roland Bastin

Partner | Risk Advisory

Roland is a partner within the advisory and consulting department and joined the Risk Advisory practice of Deloitte in 2001. He is responsible for IT audit, IT security, IT regulatory compliance, Data... More

Irina Hedea

Irina Hedea

Partner | Information & Technology Risk

Irina is a Partner in Advisory & Consulting, where she focuses on Information Security Management. With more than 10 years’ experience, she is assisting the clients in the various projects related to ... More

Stéphane Hurtaud

Stéphane Hurtaud

Partner | Cyber Security Leader

Stéphane is a partner within our Risk Advisory practice. He has over 21 years of experience in the IT risk, Information Security and IT audit fields, with a strong focus on the financial services indu... More

Laureline Senequier

Laureline Senequier

Director | Advisory & Consulting

Laureline joined Deloitte in January 2013 as Manager in the Risk Advisory department, where she currently focuses on Information & Technology Risk. At Deloitte, she manages a portfolio of IT Audit ass... More

Onur Ozdemir

Onur Ozdemir

Director | Risk Advisory

Onur is a Director within our Risk Advisory department, where he focuses on Information & Technology Risk. He joined Deloitte Luxembourg’s risk management service line in July 2012. Onur has 12 years ... More