ICAAP 2020 : Enter reversed stress testing

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From a capital (and liquidity) planning perspective, the period March / April is likely intense for many institutions who are in the late- or final stage of the ICAAP process, assessing the capital position in a short-, mid- and long-term perspective. In dialogue with our clients, the outbreak of Covid-19 has put many institutions in a dilemma: On the one … Läs mer

The Riksbank takes action to support the distribution of the SEK 500 billion – will the SFSA follow?

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That´s the SEK 500 billion question. The Swedish Riksbank has decided (policy meeting at the 26th of March) to temporarily enlarge the circle of monetary policy counterparties whereby all credit institutions under supervision of the SFSA are entitled to apply and participate in the SEK 500 billion credit expansion programme primarily targeting SMEs. By signing a special agreement, the institutions … Läs mer

AML: Call-out for tighter collaboration with Group Risk and the FSA

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Having engaged in AML- and IRB related assignments with SIFI:s as well as banks just below the threshold, a few common observations stand out and where we at FCG believe that the industry, with guidance from the FSA, can take further steps to enhance the battle against money laundering: Firstly, the collaboration between the dedicated AML / FC units and … Läs mer

The covid-19 crisis teaches valuable lessons on stress testing and scenario narratives to risk managers worldwide

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Alexandra Brunila, Senior Manager   Enterprise Risk Management hinges on getting the organization to work together in order to identify, assess and manage risks across all business lines and central functions. In order to be successful, communication by means of storytelling is a powerful tool to be used in dialogue with senior management and the board. A strong scenario narrative … Läs mer

Covid-19 : Navigating an uncertain future

olofUncategorized

Coronavirus – how will it affect the financial sector? The COVID-19 pandemic causes major impact on people, communities and the world, leading to challenges that we have not faced before. The COVID-19 pandemic will undoubtably also have a major negative impact on the global economy and its’ capital markets.   Read more about our Special Task Force and how we can help you navigate any uncertainties … Läs mer

EBA Reviderade riktlinjer om riskfaktorer

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Den 5 februari i år publicerade EBA sitt förslag till reviderade riktlinjer om riskfaktorer för penningtvätt och finansiering av terrorism. Riktlinjerna som kommer att ersätta ESA:s gemensamma riktlinjer från 2017 syftar till att återspegla utvecklingen på penningtvättsområdet både vad gäller nya risker och förändringar till följd av det femte penningtvättsdirektivet. En välkommen nyhet är att förslaget innehåller sektorspecifika riktlinjer för … Läs mer

Jonas Karlsson: Interesting decisions for Finansinspektionen in relation to Swedbank sanction case

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Tomorrow, on the 19th of March, Finansinspektionen (the Swedish FSA) is expected to release its decision on whether Swedbank shall be sanctioned for AML shortcomings and, if so, what sanction is deemed proportionate and appropriate. The decision presents Finansinspektionen with several challenges, not least in relation to public expectations built up through the media coverage of the issue. One such … Läs mer

Liquidity Planning for Business- and Regulatory continuity

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How has your company been affected by recent volatility? Do you have need of support for liquidity planning for business and regulatory continuity? At FCG we have the privilege of working with many Nordic treasury departments. We learn and share best practices in the three main areas; Liquidity & Cash management, Financial Risk management and Funding & Capital management. Where … Läs mer

Finansinspektionens Konsumentskyddsrapport 2020 publicerad

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Den 13 februari publicerades Finansinspektionens Konsumentskyddsrapport för 2020, där man redogör för de två konsumentrisker som kommer prioriteras under året. Osund kreditgivning samt rådgivning och försäljning av produkter till konsumenter utanför den målgrupp produkten var tänkt att riktas till. Man meddelar även att skadereglering av hemförsäkringar kommer också att ha en framskjuten plats i FI:s tillsyn. De två prioriteringarna ligger … Läs mer

Financial Risk expert Sofia Ursby joins FCG

olofFCG Careers, Uncategorized

FCG is proud to announce that Sofia Ursby has joined the GRC advisory team in Sweden. “Sofia will bring additional seniority to our Risk and Treasury offering, further establishing us as the lead advisor to our clients. With Sofia’s experience and set of skills she will be important in FCGs journey to continued growth across the Nordics. The expertise, covering … Läs mer