Pricing Risk Framework

Tightening regulations on pricing practices in Hong Kong and Singapore have introduced significant regulatory risks for banks. A robust Pricing Risk framework is key to ensuring pricing adherence. Our approach combines best practice frameworks with an in-depth analysis of your entire value chain and benchmarking against regulatory requirements and industry standards.

Are you asking yourself

  • Do our bank’s processes meet the regulatory expectations of the Monetary Authority of Singapore (“MAS”) Information Paper published on February 2020?
  • What are the key success factors in building a robust pricing framework?
  • How can we adapt our current control framework to ensure Pricing transparency and adherence especially for bespoke/discount pricing?
  • What are the control metrics in place to support an effective pricing framework?
  • Do we have the right data and insights to proactively monitor risk areas and take corrective actions?

What you will get from us:

  • Insights on the industry best practices on pricing risk control framework and governance.
  • A robust control framework with tailored risk metrics to address pricing related risks such as operational risk, compliance risk, user behavioral issues etc.
  • An effective pricing governance that affords management oversight, steers issue resolution while acting as a body for escalation and risk acceptance.
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Our Approach

  • Interviews

    Interviews are conducted with SMEs, Product Managers, Risk Managers and LoD1/2 using structured questionnaires to gather insights on the 6 tenets to regulatory adherence.

  • Workshop Series

    Insights are shared across business functions to identify systemic issues in systems and processes, define control metrics and forums for risk escalation and acceptance.

  • Gap Analysis

    Existing processes and controls are benchmarked against a checklist of baseline regulatory requirements and industry standards to identify gaps.

  • Recommendations

    Recommendations leading to short- and long-term improvements to address gaps and/or weaknesses in guidelines, framework and policies are derived.

  • Roadmap

    An implementation roadmap following a structured approach is developed to address and manage pricing-related risk.

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Let's get in touch

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