KPMG announced winner of Central Banking's 'Risk Management Services Award'

NEW DELHI, March 21, 2023 /PRNewswire/ -- KPMG has been conferred with the 'Risk Management Services Award' by Central Banking as part of third tranche of winners of their 10th annual industry awards recognising excellence in the central banking community. #CBawards

Drawing on more than 30 years of independent and informed reporting, analysis and comment, the Central Banking Awards were judged by a panel made up of members of the Central Banking Editorial Team and Editorial Advisory Board.

A brief description follows, detailing the rationale for the awards, as well as reaction comments from Rajosik Banerjee.

KPMG has developed a strong reputation with central banks and supervisors around the world for its work in risk management. Notably, in the past year, was KPMG's work with the Central Bank of UAE in number of areas including supporting insurance supervision team across different regulatory changes.

Rajosik Banerjee, Partner and Head of Financial Risk Management, KPMG in India said "We are extremely delighted, humbled and thankful to be recognised as the winner of Central Banking's Risk Management Services award.

KPMG has been working with several regulators across Asia, the Middle East, Europe and the Americas in regulation and supervision. This recognition is a testimony of the varied and nuanced work done by us.

Our engagement with the regulator is unique, supporting them in effectively supervising the regulated insurance companies across ERM, risk-assessment frameworks and IFRS 17 - insurance contracts standard implementation.

While working on the engagement, we have leveraged the experience of working with other central banks and regulators in the banking and insurance domains. Getting recognised for the work, proves that KPMG brings value for our clients and reinforces the firm's commitment to assist our business partners in an era of rapid technological changes in the field of risk management as well as new regulations and standards coming into effect in the BFSI domain."

Christopher Jeffery, Chairman of the Central Banking Awards Committee and Editor-in-chief of Central Banking, said, "This project drew on extensive experience that KPMG has built up in other countries, underscoring broader credentials that helped carry secure your victory this year."

About Central Banking Awards

1. Please click the following link to view the Central Banking Awards 2023.

Follow all Central Banking's award updates online here.

About KPMG in India

KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada.

KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.