Due to developments in the financial markets, the regulatory requirements for banks, insurance companies and financial service providers undergo continuous change. Thus, the Basel II regulations, which only became effective in 2007, were already revised and, at the end of 2010, the new “Basel III” package was adopted and published. Both international institutions (BIS, EBA, FSF, European Commission, etc.) and national authorities (e.g. BaFIN/Bundesbank, FMA/OeNB and SFBC/SNB) work on the implementation of these regulations at the European and national level in order to contribute to the stabilisation of the financial markets.
The revised regulations focus on minimum requirements for capital and liquidity as well as on the demands to be met by risk management. As a result, they will necessitate major adjustments to the methods, processes and IT systems used by financial institutions. Major changes are also under way in the field of insurance supervision: Under the heading of Solvency II, the minimum standards for capital adequacy and risk management are radically overhauled.
zeb/ is your competent partner in all regulatory issues, points out the consequences for your methods, processes and IT systems, ensures the link to the economic management cycle and supports you in implementing the required adjustments in your company. Our expertise is pooled in the following areas: