Regulatory Compliance

With our regulatory compliance advisory services and software, we ensure that financial institutions adhere to the latest local and international Governance, Accounting, Risk Management and Central Bank regulations and guidelines.

Information

Typical examples of our regulatory compliance services are:

Guidance and re-definition of process, procedures and impairment calculations as a result of the transition from IAS 39 to IFRS 9, Recognition and Measurement of Financial Instruments.
Data requirements gathering and reporting automation as a result of new Banking Regulatory Reporting guidelines such as the new Basel III Operational Risk or Interest Rate Risk in the Banking Book (IRRBB).

IAS39 vs. IFRS 9 vs. Dutch GAAP

The differences between IAS39, IFRS9, Dutch GAAP are amongst the frequently asked questions coming from our clients.

The table below provides a comprehensive comparison between IFRS 9, IAS 39, and Dutch GAAP, focusing on key aspects of financial instruments accounting. Understanding these standards is crucial for financial institutions due to the significant impact they have on financial reporting, risk management, and regulatory compliance.

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RISC_IFRSvs-2

Our Clients and stakeholders:

Korpodeko relies on RISC's IFRS Calculation Engine (ICE) to determine our Expected Credit Losses (ECL) as well as manage our credit risk portfolio. Next to that, we can always count on their banking, risk management and BI knowledge in case we need support.

Korpodeko

Gerald Stacie

Financial Director

RISC provided MCB with valuable advice, guidance and support with the Implementation of IFRS 9 in 2017 -2018. We still rely on their expertise and business intelligence skills for analysis and preparation of our annual reports.

MCB

Lionel de Cuba

Chief Financial Officer

IFRS 9 brought new challenges to our organisation by shifting our receivable provisioning standards from an incurred - to a forward looking model. RISC showed a great knowledge of the new guidelines and provided unvaluable support throughout the implementation.

MCIS

Hubert Bentura

Finance Manager

At Vidanova Bank, we rely on “RISC’s team of Banking, Risk Management and Business Analysis experts, for advice and support regarding our IFRS9 data modeling, ECL -calculation, -calibration, -analysis and automation process. This provides us with the necessary risk-management oversight and control over our portfolio.

Vida Nova Bank

Nadetta Pablo

Financial Controller/ AMD