From market volatility to the operational risks of fraud, reporting errors and systems breakdown, the development of increasingly complex financial structures and the creation of ever larger and more disparate real estate and investment management businesses have generated increasing and often undetected risks and vulnerabilities.
Underlying all these risks is the potentially disastrous reputational damage that could be caused by governance breakdowns in areas such as mis-selling or false accounting. Yet, governance and risk management remains fragmented and reactive within many organisations or is seen as primarily a compliance rather than a competitive imperative.
PricewaterhouseCoopers can help businesses to create a more secure and proactive enterprise-wide approach to risk management, underpinned by the essential foundations of more effective governance, management reporting and organisational awareness of risk. The benefits are not only loss avoidance, but also the assurance and insight that can improve an organisation’s ability to take appropriate risks and capitalise on opportunities.
