Ongoing volatility has highlighted the importance of governance models, the consequences of deceptive incentive schemes, and the inadequacy of risk management practices across the financial institutions industry. The problems that have been exposed have occurred throughout organizations, both in terms of overall strategy (such as major portfolio and risk decisions) and governance models (such as the role of the board and the relative power of risk managers versus business unit managers). Increased visibility has led to tighter regulatory control, changes in legislation, and government investment—all of which create a more onerous regulatory burden challenging the profitability of many financial products.
Responding to these changes requires defining and implementing best practices in such a way as to gain capabilities, minimize cost increases, and simplify communication with customers, employees, regulators, and investors.
A.T. Kearney has extensive experience in all aspects of improving governance, including:
We also help large organizations align their IT infrastructure with business strategies and governance models, and are at the forefront of new cloud options.