Following the recent discovery of fraudulent manipulation of interest rate benchmarks, Regulation (EU) 2016/2011 is expressly intended to safeguard the integrity of benchmarks: Indices used within the EU single market to determine values and cash flows of financial instruments and financial contracts or to measure performance of financial investments should be robust, accurate and have integrity. The regulation, which came into force in June 2016, therefore binds stakeholders to a strict code governing qualifications and conduct.
We advise on the proper implementation of the benchmark regulation and work to create reliability for all parties involved through our quality-assured auditing services.
Partner, Financial Services
KPMG AG Wirtschaftsprüfungsgesellschaft
Bank management of the future will be based on scenario-based planning and forecasting and will become more efficient through modern technology.
ICLAAP, financial controlling, stress testing and planning come together in the target image