In December 2017, the Basel Committee published the final description of the new Standardised Measurement Approach (SMA). This affects the Pillar 1 RWA calculation for all banks regardless of the quantification techniques currently in use. It is also a good opportunity to review the approach used in the banks’ Pillar 2 (ICAAP) process as well as other aspects of the operational risk management framework.
Finalyse has extensive experience in helping our clients quantify operational risks - including the expanding list of Pillar 2 risks discussed in the annual SREP review. A consultation with our experts regarding other aspects of the operational risk framework such as KRI’s, risk appetite and tolerance, as well as model risk management, could also be beneficial to you.
Avoid mistakes like a “zero tolerance” policy for operational risk
Complex treatment of all aspects of your ORM framework
You decide if we should help your team or get the work done for you
You decide how simple or complex your ORM framework should be
You do not have to aim for AMA to benefit from talking to us
Peter Kovacs works as Director based in Budapest with 18 years’ experience in risk management and modeling related to retail credit risk and operational risk. He led and participated in developing, validating and implementing advanced (IRB, AMA) models, component models (PD, LGD, EAD/CCF) at several European banks and banking groups, supporting SREP preparation, ECAP and stress test validation, model governance framework development.
Finalyse InsuranceFinalyse offers specialized consulting for insurance and pension sectors, focusing on risk management, actuarial modeling, and regulatory compliance. Their services include Solvency II support, IFRS 17 implementation, and climate risk assessments, ensuring robust frameworks and regulatory alignment for institutions. |
#Regtech
#DigitalTransformation
#RiskAppetite
#InsuranceRisk
#IFRS17
#InsuranceAccounting
Finalyse BankingFinalyse leverages 35+ years of banking expertise to guide you through regulatory challenges with tailored risk solutions. |
#ResponsibleAI
#AIFairnessAssessment
#CRR3Validation
#RWAStandardizedApproach
#FRTBCompliance
#MarketRiskManagement
Finalyse ValuationValuing complex products is both costly and demanding, requiring quality data, advanced models, and expert support. Finalyse Valuation Services are tailored to client needs, ensuring transparency and ongoing collaboration. Our experts analyse and reconcile counterparty prices to explain and document any differences. |
#IndependentValuation
#StructuredProductsValuation
#VaRCalculation
#RiskManagementOutsourcing
#EMIRSFTRReporting
#SecuritiesFinancingRegulation
Finalyse PublicationsDiscover Finalyse writings, written for you by our experienced consultants, read whitepapers, our RegBrief and blog articles to stay ahead of the trends in the Banking, Insurance and Managed Services world |
Finalyse’s take on risk-mitigation techniques and the regulatory requirements that they address
A regularly updated catalogue of key financial policy changes, focusing on risk management, reporting, governance, accounting, and trading
Read Finalyse whitepapers and research materials on trending subjects
About FinalyseOur aim is to support our clients incorporating changes and innovations in valuation, risk and compliance. We share the ambition to contribute to a sustainable and resilient financial system. Facing these extraordinary challenges is what drives us every day. |
Finalyse CareersUnlock your potential with Finalyse: as risk management pioneers with over 35 years of experience, we provide advisory services and empower clients in making informed decisions. Our mission is to support them in adapting to changes and innovations, contributing to a sustainable and resilient financial system. |
Get to know our diverse and multicultural teams, committed to bring new ideas
We combine growing fintech expertise, ownership, and a passion for tailored solutions to make a real impact
Discover our three business lines and the expert teams delivering smart, reliable support