Horizontal Functions
Programme Management
The financial crisis requires the smooth interplay of almost all areas of a bank under extremely difficult conditions. Delays, minor technical errors or communication failures may have disastrous consequences. In addition to experienced project management, accurate communication and effective change management are critical success factors. zeb/ has ample experience in managing programmes in such times of radical change. We provoke the right decisions and lead your project to successful completion.
[13] Complying with supervisory and accounting requirements and new regulations
The dramatic developments in the financial requirements result in new challenges for the supervisory regime. The crisis has shown that only uniform international standards can ensure the adequate protection of creditor interests and financial stability in a lasting way. In addition, it became clear that the regulatory framework needs to be enhanced in specific fields – in particular with regard to securitisation. Against this backdrop, comprehensive measures are under preparation to improve supervisory provisions in 2009.
In the field of accounting, a correction of regulations became necessary. Apart from amended rules for the reclassification of financial instruments, the standard-setters focus also on other issues, such as the treatment of embedded derivatives or marking to model in inactive markets.
Being one of the leading consultancies for regulatory issues in Germany and Austria, we analyse for you the consequences that the planned reforms will have for your bank and translate the new regulations into practice together with you from concept development to technical implementation and process design.
[14] Adapting IT control applications and data collections
Key problems that the financial crisis highlighted include a lack of IT control solutions as well as inadequate data availability and quality in banks. The new specialised requirements for control applications also result in a considerable increase in requirements for related IT solutions and data bases. zeb/ offers methods that are well proven in practice for a sustained improvement in data quality in the short and long term. One our strengths lies in the fact that we also take responsibility for implementation.