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In the wake of the financial crisis, the Basel Committee on Banking Supervision has issued a number of proposed amendments to the current Basel II Accord, commonly referred to as “Basel III”. The South African Reserve Bank (“SARB”) is in the process of reviewing and adopting some of these amendments. The proposed changes will fundamentally impact the profitability and business models of many banks, as well as mandating significant process and systems changes.
The global financial crisis and its far reaching consequences have re-emphasised that credit risk remain one of the key financial risks facing the banking industry and economies worldwide.The global financial crisis and its after effects underwrite the need for state-of-the art methodologies and processes to ensure appropriate management of credit risks. PwC specialist credit team understands that sound credit risk management forms part of the core of a Bank’s operations and risk management framework.
Our specialist credit team can provide you with a wide range of assistance pertaining to the management of the key components of credit risk including:
The Basel committee on banking supervision published a consultation document in December 2009, in the aftermath of the global financial crisis, on the International framework for liquidity risk measurement, standards and monitoring. The SARB subsequently published the proposed amendment to the banking regulations relating to liquidity risk in March 2010.
We have extensive experience in the management and measurement of liquidity risk and can assist banks with the following:
Market risk regulation has been extensively overhauled following the global financial crisis. As such most banks are engaging on implementing new requirements to maintain adequate levels of capital in order to account for market shifts and to better reflect the level of risks held on their trading books.
We have extensive experience in market risk and our services include:
The global financial crisis highlighted the necessity of a sweeping change of culture in the management of risk. This subsequently results in the ardent need for Banks to review the effectiveness and efficiency of their operational risk management practices as operational risk losses can be costly and impact the reputation of the bank negatively. Optimised operational risk management however improves the 'in control' status of organisations and the effectiveness and efficiency of their business processes.
We can provide assistance in the following areas to assist banks in optimising their operational risk management: