Streamlining Risk, Compliance and Internal Audit

Less is More

Since the financial crisis of 2007-2008, the financial services industry has been beset by a series of major operational, compliance and conduct-related events which have highlighted fundamental failures in management, internal controls and risk governance.

Whilst leading institutions in Europe and US are looking to upgrade their control frameworks, many are hampered by large existing incumbent control functions and new upcoming functions as a result of the recent wave of regulatory requirements. In contrast, many institutions in Asia and other emerging economies typically start from a low base and hence have greater scope for a more drastic re-development of their control functions.

Key areas that institutions are looking to simplify & optimise their control frameworks include:

  • Aligning scope & mandate
  • Aligning methodologies & processes
  • Consolidated MI & actionable reporting
  • Coordination of people & infrastructure


Christian Pedersen – Partner and Head of Finance & Risk Practice, Asia Pacific Region
Cheah Wei Ying – Manager in the Asia Pacific Finance & Risk Practice

Streamlining Risk, Compliance and Internal Audit