DBS Singapore utilising enterprise risk management to create a unified picture of risk
The bank consolidated ‘silo’ risk systems to unify its risk, treasury, finance and accounting functions in order to gain a better perspective of the overall risks that it faces. August 13, 2012 | Tiah Wen LiBackground The bank has long been recognised for its strong risk management practices, and was awarded the ‘Treasury and ALM Products and Services Achievement Award’ by The Asian Banker in 2010. Risk management technology is one of DBS’ top ten strategic priorities, with the bank striving to build a strong risk management technology platform. QRM provides expert analytics and risk management advice to organisations and industries across the globe. The company has a list of more than 250 engagements with leading financial institutions around the world. Together, its clients manage more than $20 trillion in assets and liabilities and range in size from under $1 billion to more than $1 trillion in assets. To achieve its goal of consolidating its overlapping risk management systems as well as work towards exemplary risk management, DBS engaged QRM in 2009 to bring together its risk management process to create a more unified picture of risk and return by integrating its risk, treasury, finance and accounting functions. The challenge Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
Categories: Credit Risk, Operational Risk, Risk and RegulationCredit Risk,Oprisk,Risk and Regulation, Credit Risk,Operational Risk,Risk and Regulation, Keywords:QRM, DBS, ALM, Enterprise Risk Management, Liquidity Risk, Market Risk QRM, DBS, ALM, Enterprise Risk Management, Liquidity Risk, Market Risk
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