Blogger Archives: Silvi Wompa

Silvi Wompa

Silvi Wompa heads Willis Willis Towers Watson's Financial Industry Group for Western Europe, a business area fully dedicated to the risk management needs of a broad range of financial institutions. Earlier, she was responsible for developing Willis’ M&A/Private Equity business across Europe.

Guide to Network Security and Cyber Coverage

network security

For years, network security professionals have been saying “either you have been data breached or you just do not know that you have been data breached.” As the lives of both private individuals and businesses are increasingly dominated by technology … Continue reading →

Long-Term Finance for Growth: Will The NBFIs Please Stand Up?

A “perfect storm” of converging macroeconomic challenges is hitting Europe. Continue reading →

Creating a Capital Markets Union: And the Winners Are…

Creating-a-Capital-Markets-Union

In November 2014, the European Commission (EC) announced a flagship project to build a deeper and more integrated capital market among the EU28 countries – named Capital Markets Union (CMU). This blog takes a closer look at the motivation behind … Continue reading →

Regulatory Risk in Private Equity: Broken Windows Everywhere

broken window

For many years, private equity funds in the US enjoyed flying under the regulatory radar. The arrival of the Dodd-Frank Act in 2010 put an end to this long-time luxury as it subjected previously exempt private equity fund managers to … Continue reading →

Risk Management in Financial Institutions: Beyond the Three-Lines-of-Defence Paradigm

Holistic risk governance for Financial Institutions

In recent years, headlines about LIBOR rigging, PPI mis-selling, sanctions avoidance and rogue trading have revealed poor risk management and questionable values in the financial institutions (FI) industry around the globe. Continue reading →

Leading Persons in the EU Financial Sector: Beware of New Personal Sanctions

Euro market decline

What changes are moving into national legislations across the EU to come to terms with corporate governance weaknesses? Continue reading →

Cap on Card Payment Fees: Just the Tip of the Iceberg for EU Banks

iceberg

On January 27th, the European Parliament’s Economic and Monetary Affairs Committee voted to support the draft rules prepared by the Council of Ministers during 2014 on the capping of the fees charged by banks in the EU to retailers for … Continue reading →

Conduct Risk Investigated: 3 Things Bank Risk Managers Need to Know

bad conduct

The risk of staff acting unprofessionally, unethically or illegally – commonly known today as conduct risk – has recently emerged at the top of the agenda of bank supervisors and bank boards alike. Although few debate the importance of conduct … Continue reading →

Operational Risk Capital for Banks: 3 Changes to Keep an Eye on

euro money bags

Whether a so-called AMA bank, or a bank adhering to the simpler, standardized approaches for calculating operational risk regulatory capital needs – some important changes are waiting to materialize around the corner. All of them are aimed at restoring lost … Continue reading →

ECB Stress Tests: The Whole Truth?

European Central Bank

On October 26th, the results of European Central Bank’s European Union-wide asset quality review (AQR) and stress test were published. An exercise covering 123 banking groups from 22 countries with a total of EUR 28 trillion assets as of December … Continue reading →