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During recent years, changes in the financial services sector have had a profound impact on the way organizations shape their approach to risk management.

Right now, corporations are facing the difficult challenge of aggressively cutting budgets while supporting technologies needed to fuel growth in the event of an economic upswing. At the same time, they are being asked to focus on practical protection mechanisms, with data and customer security issues, including post-9/11 anti-money laundering initiatives and IT Security, Basel and the post-Enron, Sarbanes Oxley Act at the top of the priority funding agenda.

The critical question: How will the various risk owners across an organization be able to meet their different needs and maintain a balance between shareholder value and risk protection?

There are three key drivers affecting the need for converged data and risk management:

  1. Improved transparency and reconcilement
  2. Global consistency of information and data standards
  3. More pragmatic capture of all risk elements

BearingPoint’s Integrated Risk Management (IRM) practice understands these issues and has developed end-to-end approaches to address these challenges that focus on the following areas:

  • Basel
  • Retail Fraud
  • IT Security
  • Customer Identity Protection
  • Business Contingency Planning / Enterprise Survival Planning
  • Outsourcing Risk
  • Sarbanes
  • AML

Our global team consists of over 500 professionals whose background and knowledge of the financial services industry and risk management enables the appropriate leverage and use of technology and the data required to power information. Our differentiated approach focuses on implementation of these end-to-end solutions while ensuring that they will be in line with your organization’s overall business strategy and objectives.