Environmental and societal developments, characterized by the increase of climate-related claims coupled with stronger customer demand towards their insurers in terms of quality of service highlight the need for insurers to put prevention at the heart of their value proposition.
The European regulation DORA (Digital Operational Resilience Act), published in January 2023, comes into effect on January 17, 2025. Its aim is to enhance the digital operational resilience of actors in the financial sector.
This insight paper explores the common challenges experienced across a range of roles, outlines strategies for solving and overcoming them, and provides real-life examples of how Wavestone has helped our clients deliver Change
Over the last few years, Europe has become a global leader in Sustainable Banking. The European financial industry, led by the European Union (EU), is at the forefront in integrating sustainability into its investments, operations and regulatory frameworks, with a growing emphasis on Environmental, Social and Governance (ESG).
The recent operational risk management failings witnessed at Credit Suisse testify once more of the attention Corporate and Investment Banks (CIBs) need to give towards efficiently manage their risks and towards planning operational controls.