KPMG: Investment firms strengthen risk functions amid Covid-19

Stress testing boosted

Mike Sheen
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Almost all (92%) firms surveyed took action to assess the impact of the pandemic
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Almost all (92%) firms surveyed took action to assess the impact of the pandemic

Investment firms boosted their risk controls over 2020 as a result of the coronavirus pandemic, with additional stress testing and monitoring put in place in response to the crisis, according to a KPMG survey.

KPMG's sixth annual survey of risk and Internal Capital Adequacy Assessment Process (ICAAP) benchmarking, which covered 40 investment management firms of varying size, revealed that 92% of firms took "some...

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