The New World of Risk Management & Regulatory Compliance.
The global banking system may spend $180bn on Basel II compliance, or 10% of tier 1 capital. Instituting Basel II-compliant risk management procedures in US banks alone will cost nearly $4.2bn through 2008.
Compliance costs are significant indeed with regulations appearing at an increasing pace. Anti-moneylaundering, anti-terrorism finance, Sarbanes-Oxley, Solvency II and Markets in Financial Instruments (MiFID) directives are just a few joining the leadership agenda. As one industry observer stated, “It used to be one new directive every five years. Now it’s more like five directives each year.”
Capgemini addresses these new regulatory pressures with a comprehensive suite of Compliance and Risk Management Services including:
- Compliance Check-ups
- Compliance for Competitive Advantage: The Business Benefit Service
- Managing Operational Risk
- Compliance & Basel II Training
- Preparing for Solvency II Get
- Ready for MiFID
Business & Compliance/Risk management expertise
Capgemini’s well-established global risk management and compliance practice, with its strong financial services business knowledge has a unique way of working with its clients called the Collaborative Business Experience. Backed by over three decades of industry and service experience, the Collaborative Business Experience helps clients achieve better, faster, more sustainable results through seamless access to our networks of world-leading technology partners such as FinArch and Norkom and through use of collaboration-focused methods and tools. Capgemini’s risk management and compliance practice addresses a range of enterprise risk client issues and we are developing the next generation solutions relating to transparency and economic capital optimization.
Learn more about specific risk management and compliance trends.