Industries Banking and Capital Markets Overview - Ernst & Young - Australia

How do you manage through the recession and position your company for growth? Our banking and capital markets executives conducted over 5100 client meetings and identified some overarching themes. Enhancing risk management practices like forecasting and stress-testing and optimizing capital availability and deployment could mean the difference between surviving and thriving.

APRA’s long-awaited review of its liquidity prudential framework has taken many by surprise, with APRA taking a more prescriptive stance relative to other jurisdictions. This paper reviews APRA’s discussion paper and outlines the implications and next steps for businesses.

Financial services briefing (pdf, 2.9mb) brings together Ernst & Young’s collective insights from our global Banking & Capital Markets, Insurance and Asset Management networks. Financial services briefing also includes significant risk, corporate governance, financial reporting and regulatory updates.

On Thursday 28 May 2009, the Australian Prudential Regulatory Authority (APRA) released its much anticipated remuneration consultation documents, proposing remuneration be aligned with prudent risk taking for APRA regulated institutions. Our paper (pdf 103kb), reviews APRA’s proposal and provides you with an overview of the key implications to help you anticipate, and plan for, potential changes to your remuneration governance policies and strategies.

This survey (pdf, 169kb) highlights the necessity for leading banks and their finance organisations to improve the way they integrate risk assessment, financial performance management and communication. It includes on-the-record interviews with finance and risk executives at some of the world’s largest banks, including NAB and Westpac.

Ernst & Young’s second annual risk survey yielded several critical lessons from the current economic crisis. Chief among them was the vital importance of managing for liquidity. Fostering a risk culture and staying attuned to industry dynamics were also cited by respondents as imperatives, both for their institutions and for the banking industry as a whole.

Financial Services Briefing (pdf, 1.2mb) brings together Ernst & Young’s collective insights from our global Banking & Capital Markets, Insurance and Asset Management networks. This publication also includes relevant strategic, risk, financial reporting, corporate governance and regulatory updates.

For previous issues of our Prudential Standards Updates, please visit our library.