2021 is expected to be a busy year for most risk and capital management teams, with many high-impact regulations on the radar, ranging from Capital Requirements Regulation (CRRII) to the EBA’s Internal Ratings Based Repair Package, whilst also planning and transforming their operating model and systems for Basel IV.

We believe that banks often face the same set of issues when it comes to implementing risk regulations. These include requirements definition, business strategy alignment, current and future state definition, budget and resource allocation, and change and implementation techniques.

In this article, we share why management teams should reconsider their solution approach to risk and change and take a more holistic approach, which includes unlocking of capital as a key objective of their strategic plans rather than focusing purely on the implementation and compliance aspects.

For more information about the article and our practice, please contact Owen Jelf, Partner & Head of Capital Markets.