What is Financial Resource Management (FRM) and why is it important for banks?
Effectively managing financial resources has always been an important driver of bank economics. However, managing Return on Equity (ROE) with constrained financial resources has become significantly more challenging since the global financial crisis. With the expansion of regulatory requirements and diminishing risk appetite, banks require more sophisticated capabilities to evaluate, monitor, and forecast their performance.
New capital, liquidity, and funding requirements are increasingly driving the strategic direction of the bank. We have been working with many financial institutions around the world in driving this change through our Financial Resource Management (FRM) framework. Implementing FRM enables banks to make faster management decisions and improve supervisory interaction and enhance returns through better management of bank resources.
What activities typically fall under the purview of Financial Resource Management?
Financial Resource Management Partner team