RWA accuracy: what recent ECB fines mean for Basel 3.1
ArticleTwo recent ECB fines highlight risks in RWA misreporting and model governance failures. Learn what Basel 3.1 means for RWA accuracy, internal models, and board-level assurance.
I lead our Prudential Risk Assurance and Advisory services within the Financial Services, and have over 30 years’ international experience in finance, risk and compliance. I have worked with international regulators, and I focus on providing practical advice to a diverse range of clients across various financial sectors.
I have led on Skilled Persons s166 reviews and on advisory, covering capital and liquidity requirements, regulatory compliance, risk management frameworks, board governance, regulatory reporting, ICAAP, ILAAP, RRP, Solvent Wind Down Plans, and OCIR across the banking sector. I have helped clients assess the impact of Basel 3.1 on their capital requirements and business strategy, as well as helped asset managers and investment firms implement and comply with MIFIDPRU requirements. I engage with Boards, Board Audit and Board Risk Committees, senior executives, and regulators on a regular basis. I have delivered across the financial sector, covering banks, asset managers and investment firms.
Outside of work, I am a keen traveller visiting historical and archaeological sites across Europe and Asia.
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Two recent ECB fines highlight risks in RWA misreporting and model governance failures. Learn what Basel 3.1 means for RWA accuracy, internal models, and board-level assurance.
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