As financial services continue to recover from the crisis and strengthen risk management, the focus remains on regulations and cost reduction.
Financial services continue to recover from crisis...
KPMG’s Financial Services practice is the leader in the Romanian marketplace. Combining a strong local presence with access to a global network of banking professionals, KPMG’s Banking Sector practice in Romania is well placed to help our clients successfully navigate through these challenging times and capitalise on opportunities as they arise.Reflecting their relative financial strength, Romanian financial institutions have been largely unaffected by the troubles which have affected the sector globally in recent years. Nevertheless this remains an exceptionally challenging time for the Romanian banking industry, which faces issues ranging from volatile markets and increased funding costs to strategic cost cutting and heightened regulatory scrutiny. In this environment, protecting and growing shareholder value requires financial institutions to be disciplined and customer focused.However successful initiatives to protect financial institutions and stimulate economic growth turn out to be, the financial services industry is likely to reinvent itself; probably faster than many people expect.As financial services organizations plan for the future, their focus is on issues such as cost reduction, capital and liquidity management, risk management and the changing regulatory landscape. In some cases the way forward will require a new business model and new ways of thinking.
Our audit teams have the in-depth industry knowledge that enables us to deliver a statutory audit with rigor and insight, while our advisory group can assist with accounting issues affecting the financial services industry. Our tax teams can help financial institutions with the often complex compliance requirements which affect the sector, as well as advising on opportunities to save tax, where these exist. We have a regulatory group, able to advise on and implement most aspects of European and international financial services regulation while our risk and information management teams deliver strategies in these business critical areas.We welcome the opportunity to discuss how KPMG in Romania can help you achieve your business objectives. To find out how we can work together, please contact us or view below for more details