KPMG Recovery and Resolution Workiva Implementation

KPMG brings a winning combination to digitize data and processes for 'Recovery & Resolution Planning' while addressing not only externally driven changes based on merger & acquisition or regulatory implications but also internally enforced drivers like capital actions. In addition, there are efficiency plays to reduce cost, improve controls, and automate manual processes.
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KPMG's tailored Recovery and Resolution Implementation streamlines integrated data & reporting for both internal and external stakeholders.

Recent regulatory and economic changes have resulted in increased expectation of nimble and transparent processes around Capital Management, Liquidity Management, Regulatory Supervision, Enterprise Risk Management, and Integrated Data & Reporting capabilities from both internal and external stakeholders.

Recovery and resolution monitoring processes cover your liquidity capabilities that are required to meet increasing regulatory and operational demands and in turn covers pre and post resolution requirement adherence and submission standards. Recovery and Resolution plans are heavily reliant upon additional capital, liquidity, and risk exercises (CCAR/ DFAST/CLAR) and are constantly encumbered with manual data sourcing, cross-referencing data, lack of data consistency and integrity with significant time spent on review and certification.

KPMG has a tailored Workiva implementation approach to integrated data & reporting of Capital, Liquidity and Risk Management by addressing data collection, data linking, data management controls and aggregations along with audit trails for review, challenge, and certification. The bank can realize the following key improvements:

Key Features
  • Automation: Automated workflow for prioritized processes from data souring to report production with limited manual touchpoints
  • Certification and Attestation: Streamlined processes to support integrated review and approval tasks for different teams
  • Transparency: Increased insight, accuracy, timeliness, and analytical capabilities to meet regulatory submission deadlines
  • Efficiency: Identification and removal of effort consuming activities and duplicated processes across resolution planning and treasury space
  • Data Integrity and Consistency: Stepping-stone to centralize a data delivery framework consists of authoritative data sources for liquidity and capital data streams helping treasury function with data consistency across CCAR, liquidity and resolution exercises

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

The KPMG name and logo are registered trademarks or trademarks of KPMG International.

Compatible Solutions
To use this item, your organization needs to have purchased one of the following solutions.
Annual & Interim Financial Reporting
Audit Management
Bank Reporting
Board Reporting
Budget & Forecast Reporting
CFO Deck
Controls Management
Enterprise Risk Management
Financial Statements
Living Will
Management Reporting (CFO)
SEC Reporting
SEC/Annual & Interim Financial Reporting Solution
Statement of Cashflows Preparation
Stress Testing
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