RWA accuracy: what recent ECB fines mean for Basel 3.1
ArticleTwo recent ECB fines highlight risks in RWA misreporting and model governance failures. Learn what Basel 3.1 means for RWA accuracy, internal models, and board-level assurance.

London
Managing Director, Finance, Risk and Compliance, Financial Services
I lead a team of technical SMEs covering all aspects of finance, risk and compliance.
We review operational models for these functions as well as detailed subcomponents such as credit, market, operational risk, regulatory reporting (COREP/FINREP/BOE), Senior Manager Regime, AML, financial crime, CASS, market abuse etc.
These services are offered through advisory as well as supporting our large internal audit business line.
Our target clientele mostly cover financial services but we also look to support the Grant Thornton corporate network with a focus on risk frameworks, treasury, financial crime, culture and conduct.
The team lead the Grant Thornton market offering for the new Senior Manager Regime where we provide full implementation to oversight and programme assurance.
Two recent ECB fines highlight risks in RWA misreporting and model governance failures. Learn what Basel 3.1 means for RWA accuracy, internal models, and board-level assurance.
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Managing Director, Finance, Risk and Compliance, Financial Services