Taking a proactive approach to risk adjusted performance management

<!DOCTYPE html>     <html class="no-js" lang="en-HK">  <head>  <link rel="preload" as="font" href="/-/media/themes/wolterskluwer/oneweb/www/oneweb/fonts/wk-icons/wk-icons-open.woff" crossorigin /> <link rel="preload" as="font" href="/-/media/themes/wolterskluwer/oneweb/www/oneweb/fonts/wk-icons/wk-icons-filled.woff" crossorigin />  <script defer src="/-/media/themes/wolterskluwer/oneweb/www/oneweb/scripts/optimized-min.js?rev=10088cba082246d7acb74c7e34e104cd&t=20241031T133513Z&hash=8BD4471610BFA19262115C5101EC7475"></script>   <link rel="stylesheet" as="style" href="/-/media/feature/experience%20accelerator/bootstrap%204/bootstrap%204/styles/optimized-min.css?rev=c22e259ea8a24a019821dc2e0c1139b2&t=20231129T105033Z&hash=E3F83863AC58D0F469E45354ED97148D" rel="stylesheet" /><link rel="stylesheet" as="style" href="/-/media/base%20themes/custom%20oneweb%20theme/styles/optimized-min.css?rev=210d283baf4d4c98b11d950175d58faf&t=20220301T130336Z&hash=6EC2178F6C2BA54E37BDE4D92368D8B2" rel="stylesheet" /><link rel="stylesheet" as="style" href="/-/media/themes/wolterskluwer/oneweb/www/oneweb/styles/optimized-min.css?rev=e4d82fc512f746548e9fb8c6ea9b4016&t=20241031T133521Z&hash=A2595D80D97716F6C6356CC7842FE03F" rel="stylesheet" /> <title>Taking a proactive approach to risk adjusted performance management | Wolters Kluwer</title> <link href="/-/media/project/wolterskluwer/oneweb/www/images/logo/favicon.png?rev=939e1a5cbc2d4c8ca7d3dfda28250865" rel="shortcut icon" /> <meta property="og:description" content="Read our new Commentary to learn how moving beyond mere compliance can lead to real business value and perhaps improve profitability."><meta property="og:image" content="https://assets.contenthub.wolterskluwer.com/api/public/content/d4a9e435ecb9418f9881167516394180"><meta property="og:title" content="Taking a proactive approach to risk adjusted performance management"><meta property="og:url" content="https://www.wolterskluwer.com/en-hk/expert-insights/taking-a-proactive-approach-to-risk-adjusted-performance-management"> <meta name="description" content="Read our new Commentary to learn how moving beyond mere compliance can lead to real business value and perhaps improve profitability."><meta http-equiv="content-language" content="en-hk"/> <meta property="twitter:image" content="https://assets.contenthub.wolterskluwer.com/api/public/content/d4a9e435ecb9418f9881167516394180"><meta property="twitter:description" content="Read our new Commentary to learn how moving beyond mere compliance can lead to real business value and perhaps improve profitability."><meta property="twitter:title" content="Taking a proactive approach to risk adjusted performance management"><meta property="twitter:card" content="summary_large_image"> <meta name="viewport" content="width=device-width, initial-scale=1, maximum-scale=5" /> <script> var wkPageData = window.wkPageData || {}; wkPageData.page = { pageInfo: { pageID: "{4A0382CE-CBC7-4DE2-B52D-52ED5EDBF4ED}", pageTitle: "Taking a proactive approach to risk adjusted performance management", pageCreationDate: "2021-01-21", pageFirstPublishDate: "2021-05-28", contentUpdateDate: "2021-05-28", daysSincelLastEdit: "1280" }, category: { businessUnit: "CPESG - FRR" , division: "CPESG" , allocatedBU: "FRR" , siteSection: "Expert Insights" , segments: "Banking|Banks and Financial Institutions|Financial Services" }, attributes: { pageTemplate: "Insight Article Page", pageLanguage: "en-hk", audience: "Chief Financial Officer|Finance Manager|Financial Officer|Risk Officer|VP or Director of Finance|Controller|Controller Executive|Head of Finance|Head of IT|Technology Director", areaOfInterest: "Compliance|Finance", solutionSuite: "OneSumX for Finance, Risk, and Regulatory Reporting Solution Suite", topic: "Basel IV|Asset & Liability Management", umbrellaTopics: "Domain knowledge|Risk management", geoAvailability: "Global" } }; </script> <link rel="alternate" hreflang="en" href="https://www.wolterskluwer.com/en/expert-insights/taking-a-proactive-approach-to-risk-adjusted-performance-management" /> <link rel="alternate" hreflang="en-HK" href="https://www.wolterskluwer.com/en-hk/expert-insights/taking-a-proactive-approach-to-risk-adjusted-performance-management" /> <link rel="alternate" hreflang="fr-FR" href="https://www.wolterskluwer.com/fr-fr/expert-insights/taking-a-proactive-approach-to-risk-adjusted-performance-management" /> <link rel="alternate" hreflang="x-default" href="https://www.wolterskluwer.com/en/expert-insights/taking-a-proactive-approach-to-risk-adjusted-performance-management" /> <link rel="canonical" href="https://www.wolterskluwer.com/en-hk/expert-insights/taking-a-proactive-approach-to-risk-adjusted-performance-management" /> <script data-xp-off>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-53VFLLN');</script>  <script src="https://cdn.cookielaw.org/scripttemplates/otSDKStub.js" data-document-language="true" type="text/javascript" charset="UTF-8" data-domain-script="9ecb427c-f876-4779-aeff-62bba4f8889f" ></script> <script type="text/javascript"> function OptanonWrapper() { } </script>   <script type="text/javascript"> function waitForCookieBanner(selector, callback){ var timesRun = 0; var waitInterval = setInterval(function(){ timesRun += 1; if(timesRun === 500){ clearInterval(waitInterval); } if(document.querySelector(selector)){ clearInterval(waitInterval); callback(); } }, 10); }; window.addEventListener('load', () => { waitForCookieBanner("#onetrust-banner-sdk", function(){ if(document.querySelector(".ot-sdk-container").offsetHeight>0){ document.querySelector(".onetrust-pc-dark-filter").style ='display : block !important'; }; var closeButton = document.querySelector("#close-pc-btn-handler"); closeButton.addEventListener('click',()=>{ if(document.querySelector(".ot-sdk-container").offsetHeight>0){ document.querySelector(".onetrust-pc-dark-filter").classList.add("ot-hide"); document.querySelector(".onetrust-pc-dark-filter").classList.add("display-overlay"); } }); var allButtons = document.querySelectorAll("#onetrust-reject-all-handler,#onetrust-accept-btn-handler,#accept-recommended-btn-handler,.ot-pc-refuse-all-handler,.save-preference-btn-handler"); allButtons.forEach((button)=>{ button.addEventListener('click',()=>{ document.querySelector(".onetrust-pc-dark-filter").classList.remove("display-overlay"); }); }); }); }); </script> <link rel="preconnect" href="https://www.gstatic.com" /> <link rel="preconnect" href="https://fonts.googleapis.com" /> <link rel="preconnect" href="https://fonts.gstatic.com" /> <link rel="preconnect" href="https://www.google-analytics.com" /> <link rel="preconnect" href="https://www.googletagmanager.com" />     <script type="application/ld+json">{"@type":"BreadcrumbList","itemListElement":[{"position":1,"item":{"@id":"https://www.wolterskluwer.com/en-hk","name":"Home"},"@type":"ListItem"},{"position":2,"item":{"@id":"https://www.wolterskluwer.com/en-hk/expert-insights","name":"Expert Insights"},"@type":"ListItem"},{"position":3,"item":{"@id":"https://www.wolterskluwer.com/en-hk/expert-insights/taking-a-proactive-approach-to-risk-adjusted-performance-management","name":"Taking a proactive approach to risk adjusted performance management"},"@type":"ListItem"}],"@context":"https://schema.org"}</script>  <script type="application/ld+json">{"@type":"Article","dateModified":"2022-01-19T00:00:00+00:00","datePublished":"2021-01-19T00:00:00+00:00","headline":"Taking a proactive approach to risk adjusted performance management","image":[],"mainEntityOfPage":{"@type":"WebPage","@id":"https://www.wolterskluwer.com/en-hk/expert-insights/taking-a-proactive-approach-to-risk-adjusted-performance-management"},"author":[],"description":"This Commentary addresses the opportunity Banks have now to proactively transform their systems and processes to meet recent and emerging economic challenges. ","@context":"http://schema.org"}</script>        </head> <body class="ow-article-cards-container article-page default-device bodyclass" data-grecaptcha="6Lf6x-MUAAAAAATFy_Zy7Y9FezDcp0kmycrG1taQ"> <noscript data-xp-off><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-53VFLLN" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript> <div class="site-name" data-site-name="www"></div> <script data-xp-off> // Get cookie function to check existing cookie name var getCookie = function(name) { var value = "; " + document.cookie; var parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); }; var urlComposer = function(lang) { var u = window.location; var path = u.pathname.replace(/(\/[a-z]{2}[-][a-zA-Z]{2})|(\/en$)|(en\/)/g, ''); path = path.substr(0, 1) !== "/" ? "/"+path : path; return u.origin+lang+path; } function udtCookieboxClosed() { if (typeof udt !== "undefined") { var consent = udt.Choices; // Check for cookie presence var cookieVal = getCookie('UserDataTrustConsent'); } } </script>  <div id="wrapper">  <header> <div id="header" class="container-fluid"> <div class="row"> <div class="row"> <div id="alert-bar" class="alert-wrapper hide"> <div> <div class="row"></div> </div> <div class="alert-bar language-alert false" role="alert"> <div class="alert-bar-wrapper"> <img alt="alert-icon" src="https://assets.contenthub.wolterskluwer.com/api/public/content/f3d6188f99544aa9b6ed8cd95f76ffc4.svg?v=e6f18377" /> <div class="alert-title"> Only limited material is available in the selected language. <a href="/en">All content is available on the global site.</a> </div> <button title="Close Button" class="close-alert" data-action="language"> <span class="sr-only">Close</span> </button> </div> </div> <div> <div class="row"></div> </div> </div> <div class="component row-splitter"> <div class="container-fluid"> <div > <div class="row"> <div class="ow-corp-hat"> <nav class="ow-corp-hat-nav" aria-labelledby="corporate-nav"> <h5 id="corporate-nav" class="sr-only">Wolters Kluwer Navigation</h5> <div class="ow-corp-hat-background"> <div class="ow-corp-hat-header"> <button type="button" aria-controls="ow-hat-drawer-2" class="ow-corp-button-toggle ow-corp-hat-button"> <span class="ow-button-text">About Wolters Kluwer</span> <span aria-hidden="true" class="ow-button-icon wk-icon-chevron-down"></span> </button> <ul class="ow-corp-hat-quick-links ow-header-links"> <li class="ow-corp-hat-quick-link-list"> <a href="/en-hk/solutions" target="" class="ow-corp-hat-quick-link">Solutions Directory</a> </li> <li class="ow-corp-hat-quick-link-list"> <a href="https://careers.wolterskluwer.com/en" target="_blank" class="ow-corp-hat-quick-link">Careers</a> </li> <li class="ow-corp-hat-quick-link-list"> <a href="/en-hk/investors" target="" class="ow-corp-hat-quick-link">Investors</a> </li> <li class="ow-corp-hat-quick-link-list"> <button type="button" aria-label="Select language" class="ow-corp-language-button"> <span class="wk-icon-globe"></span> <span class="wk-tag-text">Select Language</span> </button> </li> </ul> </div> </div> <div id="ow-hat-drawer-2" class="ow-corp-hat-drawer"> <button aria-label="Close drawer." type="button" aria-controls="ow-hat-drawer-2" tabindex="0" class="ow-corp-hat-drawer-close ow-corp-hat-button"><span aria-hidden="true" class="wk-icon-close"></span></button> <div id="ow-hat-drawer-container-2" class="ow-corp-hat-drawer-container"> <div class="ow-corp-hat-drawer-col"> <p class="ow-corp-hat-heading-about" role="heading" aria-level="4"> Wolters Kluwer </p> <p class="ow-corp-hat-text"> Wolters Kluwer is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. </p> </div> <div class="ow-divider"></div> <div class="ow-corp-hat-drawer-col"> <h6 class="ow-corp-hat-heading"> <span class="ow-corp-hat-heading-text">About Us</span> <span aria-hidden="true" class="wk-icon-chevron-down"></span> </h6> <ul class="ow-corp-hat-list"> <li class="ow-corp-hat-list-item"> <a href="/en-hk/about-us/organization" target="" tabindex="0" class="ow-corp-hat-list-link">Organization</a> </li> <li class="ow-corp-hat-list-item"> <a href="/en-hk/about-us/strategy" target="" tabindex="0" class="ow-corp-hat-list-link">Strategy</a> </li> <li class="ow-corp-hat-list-item"> <a href="/en-hk/news" target="" tabindex="0" class="ow-corp-hat-list-link">Newsroom</a> </li> </ul> </div> <div class="ow-corp-hat-drawer-col"> <h6 class="ow-corp-hat-heading"> <span class="ow-corp-hat-heading-text">Insights</span> <span aria-hidden="true" class="wk-icon-chevron-down"></span> </h6> <ul class="ow-corp-hat-list"> <li class="ow-corp-hat-list-item"> <a href="/en-hk/know/future-ready-lawyer-2024" target="" tabindex="0" class="ow-corp-hat-list-link">Future Ready Lawyer</a> </li> <li class="ow-corp-hat-list-item"> <a href="/en-hk/about-us/sustainability" target="" tabindex="0" class="ow-corp-hat-list-link">Sustainability</a> </li> <li class="ow-corp-hat-list-item"> <a href="/en-hk/expert-insights" target="" tabindex="0" class="ow-corp-hat-list-link">All Insights</a> </li> </ul> </div> <div class="ow-corp-hat-drawer-col"> <h6 class="ow-corp-hat-heading"> <span class="ow-corp-hat-heading-text">Get Help</span> <span aria-hidden="true" class="wk-icon-chevron-down"></span> </h6> <ul class="ow-corp-hat-list"> <li class="ow-corp-hat-list-item"> <a href="/en-hk/contact-us" target="" tabindex="0" class="ow-corp-hat-list-link">Contact Us</a> </li> <li class="ow-corp-hat-list-item"> <a href="/en-hk/my-account-login" target="" tabindex="0" class="ow-corp-hat-list-link">Login</a> </li> <li class="ow-corp-hat-list-item"> <a href="/en-hk/know/bookstores" target="" tabindex="0" class="ow-corp-hat-list-link">eShop & Bookstores</a> </li> </ul> </div> <div class="ow-divider"></div> <ul class="ow-corp-hat-quick-links ow-drawer-links"> <li class="ow-corp-hat-quick-link-list"> <a href="/en-hk/solutions" target="" class="ow-corp-hat-quick-link">Solutions Directory</a> </li> <li class="ow-corp-hat-quick-link-list"> <a href="https://careers.wolterskluwer.com/en" target="_blank" class="ow-corp-hat-quick-link">Careers</a> </li> <li class="ow-corp-hat-quick-link-list"> <a href="/en-hk/investors" target="" class="ow-corp-hat-quick-link">Investors</a> </li> <li class="ow-corp-hat-quick-link-list"> <button type="button" aria-label="Select language" class="ow-corp-language-button"> <span class="wk-icon-globe"></span> <p class="ow-corp-hat-quick-link">Select Language</p> </button> </li> </ul> </div> </div> </nav> </div> </div> </div> </div> <div class=" header header-minimal container-fluid"> <div > <div class="row"> <div class="row component column-splitter"> <div class="col-1 d-lg-none"> <div class="row"> <div class="component link"> <div class="component-content"> <div class="field-link"><a class="primary-nav-toggle" data-variantfieldname="Link" href="#" data-variantitemid="{BF9E4C5B-F661-46B3-88A9-AD160DB5285C}">PrimaryNav Button</a></div> </div> </div></div> </div> <div class="col col-lg-6"> <div class="row"> <div class="component image file-type-icon-media-link col-12 header-logo"> <div class="component-content"> <a title="Logo" href="/en-hk"><picture title="Wolters Kluwer Logo"><source srcset="https://cdn.wolterskluwer.io/wk/fundamentals/1.15.2/logo/assets/small.svg" media="(max-width:767px)" width="144px" height="24px"></source><source srcset="https://cdn.wolterskluwer.io/wk/fundamentals/1.15.2/logo/assets/medium.svg" media="(max-width:991px)" width="144px" height="24px"></source><source srcset="https://cdn.wolterskluwer.io/wk/fundamentals/1.15.2/logo/assets/medium.svg" media="(max-width:1199px)" width="190px" height="31px"></source><img src="https://cdn.wolterskluwer.io/wk/fundamentals/1.15.2/logo/assets/medium.svg" alt="Wolters Kluwer Logo" width="190px" height="31px" /></picture></a> </div> </div> </div> </div> <div class="col-1 col-lg-6"> <div class="row"> <div class="component search-header" data-searchheader-settings-item-id="" data-database="web"> <span class="search-header__placeholder-text">Search Wolters Kluwer</span> <div class="search-header__wrapper"> <label class="sr-only" for="search-input">Search</label> <input id="search-input" data-redirection-url="/en-hk/search-results" class="search-header__input" type="search" placeholder="Search Wolters Kluwer"> <button class="search-header__button" type="submit"><span class="sr-only">Search</span></button> <div class="search-header__suggestions" data-delay="500"> <ul class="search-header__suggestions-items"></ul> <div class="search-header__no-suggestions">No Suggestion</div> <div class="search-header__suggestions-footer"> <a href="#" class="search-header__suggestions-footer-link" data-template="Show all results for "${q}""></a> </div> </div> </div> <button class="search-header__toggle" type="button"><span class="sr-only">Expand Search</span></button> </div> </div> </div> </div></div> </div> </div> <div class="container-fluid"> <div > <div class="row"></div> </div> </div> </div> <div class="component modal" id="modal-language-selector" tabindex="-1" role="dialog" aria-hidden="true"> <button type="button" class="modal-close" data-dismiss="modal" aria-label="Close"> <span class="wk-icon-close"></span> </button> <div class="modal-content"> <div class="modal-content"><div class="row"> <div class="component image file-type-icon-media-link position-center"> <div class="component-content"> <a title="Image 1" href="#"><image mediaid="" stylelabs-content-id="209968" thumbnailsrc="https://contenthub.wolterskluwer.com/api/gateway/209968/thumbnail" src="https://assets.contenthub.wolterskluwer.com/api/public/content/d09674905ed3409ab4ddab80d6b48268.svg?v=a2472b35" stylelabs-content-type="Image" alt="WK logo" height="31" width="190" srcset="https://assets.contenthub.wolterskluwer.com/api/public/content/d09674905ed3409ab4ddab80d6b48268.svg?v=a2472b35&t=w507l 507w,https://assets.contenthub.wolterskluwer.com/api/public/content/d09674905ed3409ab4ddab80d6b48268.svg?v=a2472b35&t=w628l 628w,https://assets.contenthub.wolterskluwer.com/api/public/content/d09674905ed3409ab4ddab80d6b48268.svg?v=a2472b35&t=w634l 634w,https://assets.contenthub.wolterskluwer.com/api/public/content/d09674905ed3409ab4ddab80d6b48268.svg?v=a2472b35&t=w735l 735w,https://assets.contenthub.wolterskluwer.com/api/public/content/d09674905ed3409ab4ddab80d6b48268.svg?v=a2472b35&t=w768l 768w" loading="lazy" data-variantitemid="{C9D92AB5-D75F-41FF-A471-291D5EDBD11C}" sizes="(max-width:539px)507px,(max-width:767px)735px,(max-width:991px)634px,(max-width:1199px)628px,(max-width:1440px)768px,768px" format="" data-variantfieldname="Image" /></a> </div> </div> <div class="component mission bg-image bg-transparent" > <div class="component-content"> <div data-dm-wk="component.missiontext"><div class="mission--description--small field-description">Visit our <a href="https://www.wolterskluwer.com/en">global site</a> in English, or select an alternative location or language below</div></div> </div> </div> <div class="component language-selector-component"> <div class="component-content"> <div class="component tabs language-selector-modal"> <div class="component-content"> <div class="tabs-inner"> <ul class="tabs-heading"> <li tabindex="0"> <div> <div class="row"> <div class="component content"> <div class="component-content"> <div class="field-heading" data-dm-wk="tabshorizontal.button"> Americas </div> </div> </div> </div> </div> </li> <li tabindex="0"> <div> <div class="row"> <div class="component content"> <div class="component-content"> <div class="field-heading" data-dm-wk="tabshorizontal.button"> Europe </div> </div> </div> </div> </div> </li> <li tabindex="0"> <div> <div class="row"> <div class="component content"> <div class="component-content"> <div class="field-heading" data-dm-wk="tabshorizontal.button"> Asia & Pacific </div> </div> </div> </div> </div> </li> </ul> <div class="tabs-container"> <div class="tab"> <div class="row"> <div class="row component column-splitter"> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Brazil</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/pt-br" data-variantfieldname="Link">Portuguese</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Canada</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-ca" data-variantfieldname="Link">English</a> </div> </li> <li> <div class="field-link"> <a href="/fr-ca" data-variantfieldname="Link">French</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Latin America</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/es" data-variantfieldname="Link">Spanish</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">United States</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Current Page:</span> <ul> <li> <div class="field-link"> <a href="/en/expert-insights/taking-a-proactive-approach-to-risk-adjusted-performance-management" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> </div> </div> </div> <div class="tab"> <div class="row"> <div class="row component column-splitter"> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Belgium</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/nl-be" data-variantfieldname="Link">Dutch</a> </div> </li> <li> <div class="field-link"> <a href="/fr-be" data-variantfieldname="Link">French</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Czech Republic</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/cs-cz" data-variantfieldname="Link">Czech</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Denmark</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/da-dk" data-variantfieldname="Link">Denmark</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">France</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/fr-fr" data-variantfieldname="Link">French</a> </div> </li> </ul> </div> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Current Page:</span> <ul> <li> <div class="field-link"> <a href="/fr-fr/expert-insights/taking-a-proactive-approach-to-risk-adjusted-performance-management" data-variantfieldname="Link">French</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Germany</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/de-de" data-variantfieldname="Link">German</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Hungary</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/hu-hu" data-variantfieldname="Link">Hungarian</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Italy</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/it-it" data-variantfieldname="Link">Italian</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Netherlands</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/nl-nl" data-variantfieldname="Link">Dutch</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Norway</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/nb-no" data-variantfieldname="Link">Norwegian</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Poland</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/pl-pl" data-variantfieldname="Link">Polish</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Portugal</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/pt-pt" data-variantfieldname="Link">Portuguese</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Romania</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/ro-ro" data-variantfieldname="Link">Romanian</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Slovakia</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/sk-sk" data-variantfieldname="Link">Slovak</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Spain</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/es-es" data-variantfieldname="Link">Spanish</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Swedish</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/sv-se" data-variantfieldname="Link">Swedish</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">United Kingdom</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-gb" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> </div> </div> </div> <div class="tab"> <div class="row"> <div class="row component column-splitter"> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Australia</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-au" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">China</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="https://www.wolterskluwer.cn" data-variantfieldname="Link" target="_blank">Simplified Chinese</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Hong Kong</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-hk" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Current Page:</span> <ul> <li> <div class="field-link"> <a href="/en-hk/expert-insights/taking-a-proactive-approach-to-risk-adjusted-performance-management" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">India</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-in" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Japan</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/ja-jp" data-variantfieldname="Link">Japanese</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Malaysia</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-my" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">New Zealand</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-nz" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Philippines</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-ph" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Singapore</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/en-sg" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Korea</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/ko-kr" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Taiwan</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/zh-tw" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Thailand</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/th-th" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="col-12 col-md-3"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6 class="language-selector-modal__country-name">Vietnam</h6> <div class="language-selector-modal__page"> <span class="language-selector-modal__page-name">Home page:</span> <ul> <li> <div class="field-link"> <a href="/vi-vn" data-variantfieldname="Link">English</a> </div> </li> </ul> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div></div> </div> </div> </div> <div class="row"> <div class="component row-splitter"> <div class="container-fluid"> <div > <div class="row"> <div class="primary-nav"> <span class="primary-nav-overlay-mobile"></span> <div class="ow-primary-nav-wrap"> <nav class="ow-primary-nav" aria-labelledby="primary-nav"> <h5 id="primary-nav" class="sr-only">Primary Navigation</h5> <div class="ow-primary-nav-master"> <div class="ow-primary-nav-level-1-container ow-nav-level-0-open"> <ul class="ow-nav-level-1"> <li class="ow-nav-level-1-item"> <button type="button" class="wk-button wk-button-text ow-nav-level-1-trigger"><span class="ow-nav-level-1-trigger-text">Health</span><span aria-hidden="true" class="wk-icon-chevron-down ow-nav-level-1-chevron"></span></button> <div class="ow-primary-nav-level-2 "> <span class="primary-nav-overlay-desktop"></span> <div class="ow-primary-nav-level-2-wrapper ow-background-fill"> <div class="ow-background-fill-container"> <div class="ow-background-fill-region ow-background-fill-left"></div> <div class="ow-background-fill-region ow-background-fill-right"></div> <div class="ow-primary-nav-level-2-container ow-primary-nav-container"> <div class="ow-primary-nav-group"> <div class="ow-primary-nav-summary"> <div class="ow-primary-nav-content"> <h5 class="ow-nav-level-2-list-heading">Health</h5> <p class="ow-nav-level-2-copy">Trusted clinical technology and evidence-based solutions that drive effective decision-making and outcomes across healthcare. Specialized in clinical effectiveness, learning, research and safety.</p> <a href="/en-hk/health" class="ow-nav-level-2-view-all-link"><span>Health Overview</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> <div class="ow-primary-nav-items"> <div class="ow-primary-nav-item"> <div class="ow-primary-nav-content"> <h6 class="ow-nav-level-2-list-heading">Solutions</h6> <ul class="ow-nav-level-2-list "> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/uptodate" class="ow-nav-level-2-link">UpToDate</a><span class="ow-nav-level-2-text">Industry-leading clinical decision support</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/ovid" class="ow-nav-level-2-link">Ovid</a><span class="ow-nav-level-2-text">The world’s most trusted medical research platform</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/uptodate" class="ow-nav-level-2-link">UpToDate Lexidrug</a><span class="ow-nav-level-2-text">Evidence-based drug referential solutions</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/ovid/ovid-synthesis" class="ow-nav-level-2-link">Ovid Synthesis</a><span class="ow-nav-level-2-text">Workflow solution for clinical practice improvements</span></li> </ul> <a href="/en-hk/health/our-solutions" class="ow-nav-level-2-view-all-link"><span>View All Solutions</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> <div class="ow-primary-nav-item"> <div class="ow-primary-nav-content"> <h6 class="ow-nav-level-2-list-heading">Expert Insights</h6> <ul class="ow-nav-level-2-list "> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/donated-mobile-cds-helps-ugandan-students-improve-study-patient-care" class="ow-nav-level-2-link">Donated mobile CDS subscriptions help Ugandan students improve study and patient care</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/three-pillars-of-healthcare-technology-predictions-in-2023" class="ow-nav-level-2-link">Three pillars of healthcare technology predictions in 2023</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/developing-clinical-empathy-to-improve-health-equity" class="ow-nav-level-2-link">Developing clinical empathy to improve health equity</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/six-challenges-to-delivering-quality-healthcare" class="ow-nav-level-2-link">Six challenges to delivering quality healthcare</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/providing-access-to-evidence-based-clinical-decision-support-by-sea" class="ow-nav-level-2-link">Providing access to evidence-based clinical decision support by land – and by sea</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/targeting-global-health-inequity" class="ow-nav-level-2-link">Targeting global health inequity</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/predictions-in-healthcare-technology-2022" class="ow-nav-level-2-link">Seven predictions for healthcare technology trends in 2022</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/guiding-healthcare-language-towards-inclusivity-and-equity" class="ow-nav-level-2-link">Guiding healthcare language towards inclusivity and equity</a></li> </ul> <a href="/en-hk/expert-insights/health" class="ow-nav-level-2-view-all-link"><span>View All Expert Insights</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> </div> </div> </div> </div> </div> </div> </li> <li class="ow-nav-level-1-item"> <button type="button" class="wk-button wk-button-text ow-nav-level-1-trigger"><span class="ow-nav-level-1-trigger-text">Tax & Accounting</span><span aria-hidden="true" class="wk-icon-chevron-down ow-nav-level-1-chevron"></span></button> <div class="ow-primary-nav-level-2 "> <span class="primary-nav-overlay-desktop"></span> <div class="ow-primary-nav-level-2-wrapper ow-background-fill"> <div class="ow-background-fill-container"> <div class="ow-background-fill-region ow-background-fill-left"></div> <div class="ow-background-fill-region ow-background-fill-right"></div> <div class="ow-primary-nav-level-2-container ow-primary-nav-container"> <div class="ow-primary-nav-group"> <div class="ow-primary-nav-summary"> <div class="ow-primary-nav-content"> <h5 class="ow-nav-level-2-list-heading">Tax & Accounting</h5> <p class="ow-nav-level-2-copy">Enabling tax and accounting professionals and businesses of all sizes drive productivity, navigate change, and deliver better outcomes. With workflows optimized by technology and guided by deep domain expertise, we help organizations grow, manage, and protect their businesses and their client’s businesses.</p> <a href="/en-hk/tax-and-accounting" class="ow-nav-level-2-view-all-link"><span>Tax & Accounting Overview</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> <div class="ow-primary-nav-items"> <div class="ow-primary-nav-item"> <div class="ow-primary-nav-content"> <h6 class="ow-nav-level-2-list-heading">Solutions</h6> <ul class="ow-nav-level-2-list "> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/cch-integrator" class="ow-nav-level-2-link">CCH Integrator</a><span class="ow-nav-level-2-text">Global corporate tax management, reporting and compliance platform</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/cch-tagetik/tax-provision-reporting" class="ow-nav-level-2-link">CCH® Tagetik Tax Provision & Reporting</a><span class="ow-nav-level-2-text">Global tax provision software for finance & tax consolidation</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/cch-integrator/beps-pillar-two" class="ow-nav-level-2-link">BEPS Pillar Two Corporate Tax Management Software</a><span class="ow-nav-level-2-text">BEPS Pillar Two software solution for large corporates</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/teammate" class="ow-nav-level-2-link">TeamMate Audit Solutions</a><span class="ow-nav-level-2-text">Audit management, controls management, and data analysis</span></li> </ul> <a href="/en-hk/tax-and-accounting/our-solutions" class="ow-nav-level-2-view-all-link"><span>View All Solutions</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> <div class="ow-primary-nav-item"> <div class="ow-primary-nav-content"> <h6 class="ow-nav-level-2-list-heading">Expert Insights</h6> <ul class="ow-nav-level-2-list "> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/beps-pillar-two-procurement-checklist" class="ow-nav-level-2-link">Wolters Kluwer BEPS Pillar Two Procurement Checklist</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/modernising-the-corporate-tax-function" class="ow-nav-level-2-link">Modernising the corporate tax function - technology insights</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/5-ways-to-proactively-prepare-tax-processes-for-global-tax-reform" class="ow-nav-level-2-link">5 ways to proactively prepare tax processes for Global Tax Reform in 2024  </a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/wolters-kluwer-beps-pillar-two-readiness-index-report" class="ow-nav-level-2-link">Wolters Kluwer BEPS Pillar Two Readiness Index Report</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/beps-regulation-pillar-two-software-checklist" class="ow-nav-level-2-link">The ultimate BEPS Pillar Two software checklist</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/understanding-beps-pillar-two-data" class="ow-nav-level-2-link">BEPS Pillar Two: Understanding data requirements and managing data</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/tax-solutions-convenience-versus-effectiveness" class="ow-nav-level-2-link">Tax solutions: Convenience versus effectiveness</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/how-cch-integrator-meets-modern-tax-challenges" class="ow-nav-level-2-link">Customer insights: How CCH Integrator meets modern tax challenges</a></li> </ul> <a href="/en-hk/expert-insights/tax-and-accounting" class="ow-nav-level-2-view-all-link"><span>View All Expert Insights</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> </div> </div> </div> </div> </div> </div> </li> <li class="ow-nav-level-1-item"> <button type="button" class="wk-button wk-button-text ow-nav-level-1-trigger"><span class="ow-nav-level-1-trigger-text">ESG</span><span aria-hidden="true" class="wk-icon-chevron-down ow-nav-level-1-chevron"></span></button> <div class="ow-primary-nav-level-2 "> <span class="primary-nav-overlay-desktop"></span> <div class="ow-primary-nav-level-2-wrapper ow-background-fill"> <div class="ow-background-fill-container"> <div class="ow-background-fill-region ow-background-fill-left"></div> <div class="ow-background-fill-region ow-background-fill-right"></div> <div class="ow-primary-nav-level-2-container ow-primary-nav-container"> <div class="ow-primary-nav-group"> <div class="ow-primary-nav-summary"> <div class="ow-primary-nav-content"> <h5 class="ow-nav-level-2-list-heading">ESG</h5> <p class="ow-nav-level-2-copy">Offering comprehensive tools and expert guidance to companies to help meet regulatory requirements to support sustainability efforts and manage ESG risks efficiently.</p> <a href="/en-hk/esg" class="ow-nav-level-2-view-all-link"><span>ESG Overview</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> <div class="ow-primary-nav-items"> <div class="ow-primary-nav-item"> <div class="ow-primary-nav-content"> <h6 class="ow-nav-level-2-list-heading">Solutions</h6> <ul class="ow-nav-level-2-list "> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/cch-tagetik/esg-sustainability-performance-management" class="ow-nav-level-2-link">CCH Tagetik</a><span class="ow-nav-level-2-text">Unified performance management software</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/onesumx-for-finance-risk-and-regulatory-reporting/onesumx-for-esg" class="ow-nav-level-2-link">OneSumX for Finance, Risk and Regulatory Reporting</a><span class="ow-nav-level-2-text">Discover our solution for ESG climate risk and regulatory requirements </span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/teammate/esg" class="ow-nav-level-2-link">TeamMate</a><span class="ow-nav-level-2-text">Solutions for auditors</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/enablon" class="ow-nav-level-2-link">Enablon</a><span class="ow-nav-level-2-text">Software solutions for risk & compliance, engineering & operations, and EHSQ & sustainability</span></li> </ul> <a href="/en-hk/esg/our-solutions" class="ow-nav-level-2-view-all-link"><span>View All Solutions</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> <div class="ow-primary-nav-item"> <div class="ow-primary-nav-content"> <h6 class="ow-nav-level-2-list-heading">Expert Insights</h6> <ul class="ow-nav-level-2-list ow-less-than-3-list-items"> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/esg-software-checklist-reporting-software" class="ow-nav-level-2-link">ESG and sustainability reporting software checklist</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/the-5-biggest-hurdles-to-effective-esg-reporting" class="ow-nav-level-2-link">The 5 biggest hurdles to effective ESG reporting </a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/the-abcs-of-esg-reporting" class="ow-nav-level-2-link">The ABCs of ESG reporting: What are ESG and sustainability reports, why are they important, and what do CFOs need to know  </a></li> </ul> <a href="/en-hk/expert-insights/esg?f:interestarea=ESG" class="ow-nav-level-2-view-all-link"><span>View All Expert Insights</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> </div> </div> </div> </div> </div> </div> </li> <li class="ow-nav-level-1-item"> <button type="button" class="wk-button wk-button-text ow-nav-level-1-trigger"><span class="ow-nav-level-1-trigger-text">Finance</span><span aria-hidden="true" class="wk-icon-chevron-down ow-nav-level-1-chevron"></span></button> <div class="ow-primary-nav-level-2 "> <span class="primary-nav-overlay-desktop"></span> <div class="ow-primary-nav-level-2-wrapper ow-background-fill"> <div class="ow-background-fill-container"> <div class="ow-background-fill-region ow-background-fill-left"></div> <div class="ow-background-fill-region ow-background-fill-right"></div> <div class="ow-primary-nav-level-2-container ow-primary-nav-container"> <div class="ow-primary-nav-group"> <div class="ow-primary-nav-summary"> <div class="ow-primary-nav-content"> <h5 class="ow-nav-level-2-list-heading">Finance</h5> <p class="ow-nav-level-2-copy">Our solutions for regulated financial departments and institutions help customers meet their obligations to external regulators. We specialize in unifying and optimizing processes to deliver a real-time and accurate view of your financial position.</p> <a href="/en-hk/finance" class="ow-nav-level-2-view-all-link"><span>Finance Overview</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> <div class="ow-primary-nav-items"> <div class="ow-primary-nav-item"> <div class="ow-primary-nav-content"> <h6 class="ow-nav-level-2-list-heading">Solutions</h6> <ul class="ow-nav-level-2-list "> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/cch-tagetik" class="ow-nav-level-2-link">CCH Tagetik</a><span class="ow-nav-level-2-text">Unified performance management software</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/onesumx-for-finance-risk-and-regulatory-reporting" class="ow-nav-level-2-link">OneSumX for Finance, Risk and Regulatory Reporting</a><span class="ow-nav-level-2-text">Integrated regulatory compliance and reporting solution suite </span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/cch-tagetik/budgeting-planning-forecasting" class="ow-nav-level-2-link">CCH Tagetik: Budgeting Planning & Forecasting</a><span class="ow-nav-level-2-text">Connect Finance & Operations. Explainable Predictions. Actionable Insights.</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/cch-tagetik/predictive-intelligence" class="ow-nav-level-2-link">CCH Tagetik: Predictive Intelligence</a><span class="ow-nav-level-2-text">Explainable Predictions. Actionable Insights. Smart Decisions.</span></li> </ul> <a href="/en-hk/finance/our-solutions" class="ow-nav-level-2-view-all-link"><span>View All Solutions</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> <div class="ow-primary-nav-item"> <div class="ow-primary-nav-content"> <h6 class="ow-nav-level-2-list-heading">Expert Insights</h6> <ul class="ow-nav-level-2-list "> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/beps-pillar-two-procurement-checklist" class="ow-nav-level-2-link">Wolters Kluwer BEPS Pillar Two Procurement Checklist</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/wb-how-overcome-consolidation-business-challenges" class="ow-nav-level-2-link">How to overcome your consolidation business challenges - Cantonese</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/modernising-the-corporate-tax-function" class="ow-nav-level-2-link">Modernising the corporate tax function - technology insights</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/5-ways-to-proactively-prepare-tax-processes-for-global-tax-reform" class="ow-nav-level-2-link">5 ways to proactively prepare tax processes for Global Tax Reform in 2024  </a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/esg-software-checklist-reporting-software" class="ow-nav-level-2-link">ESG and sustainability reporting software checklist</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/wb-mastering-complex-consolidation" class="ow-nav-level-2-link">Mastering complex Consolidation</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/beps-regulation-pillar-two-software-checklist" class="ow-nav-level-2-link">The ultimate BEPS Pillar Two software checklist</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/wb-ey-navigating-global-minimum-tax" class="ow-nav-level-2-link">Navigating Global Minimum Tax: Streamlining reporting with enterprise data and strategic insights</a></li> </ul> <a href="/en-hk/expert-insights/finance" class="ow-nav-level-2-view-all-link"><span>View All Expert Insights</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> </div> </div> </div> </div> </div> </div> </li> <li class="ow-nav-level-1-item"> <button type="button" class="wk-button wk-button-text ow-nav-level-1-trigger"><span class="ow-nav-level-1-trigger-text">Compliance</span><span aria-hidden="true" class="wk-icon-chevron-down ow-nav-level-1-chevron"></span></button> <div class="ow-primary-nav-level-2 "> <span class="primary-nav-overlay-desktop"></span> <div class="ow-primary-nav-level-2-wrapper ow-background-fill"> <div class="ow-background-fill-container"> <div class="ow-background-fill-region ow-background-fill-left"></div> <div class="ow-background-fill-region ow-background-fill-right"></div> <div class="ow-primary-nav-level-2-container ow-primary-nav-container"> <div class="ow-primary-nav-group"> <div class="ow-primary-nav-summary"> <div class="ow-primary-nav-content"> <h5 class="ow-nav-level-2-list-heading">Compliance</h5> <p class="ow-nav-level-2-copy">Enabling organizations to ensure adherence with ever-changing regulatory obligations, manage risk, increase efficiency, and produce better business outcomes.</p> <a href="/en-hk/compliance" class="ow-nav-level-2-view-all-link"><span>Compliance Overview</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> <div class="ow-primary-nav-items"> <div class="ow-primary-nav-item"> <div class="ow-primary-nav-content"> <h6 class="ow-nav-level-2-list-heading">Solutions</h6> <ul class="ow-nav-level-2-list ow-less-than-3-list-items"> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/onesumx-for-finance-risk-and-regulatory-reporting" class="ow-nav-level-2-link">OneSumX for Finance, Risk and Regulatory Reporting</a><span class="ow-nav-level-2-text">Integrated regulatory compliance and reporting solution suite</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/teammate" class="ow-nav-level-2-link">TeamMate</a><span class="ow-nav-level-2-text">Solutions suite for auditors</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/enablon" class="ow-nav-level-2-link">Enablon</a><span class="ow-nav-level-2-text">Software solutions for Risk & Compliance, Engineering & Operations, and EHSQ & Sustainability</span></li> </ul> <a href="/en-hk/compliance/our-solutions" class="ow-nav-level-2-view-all-link"><span>View All Solutions</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> <div class="ow-primary-nav-item"> <div class="ow-primary-nav-content"> <h6 class="ow-nav-level-2-list-heading">Expert Insights</h6> <ul class="ow-nav-level-2-list ow-less-than-3-list-items"> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/beps-pillar-two-procurement-checklist" class="ow-nav-level-2-link">Wolters Kluwer BEPS Pillar Two Procurement Checklist</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/modernising-the-corporate-tax-function" class="ow-nav-level-2-link">Modernising the corporate tax function - technology insights</a></li> <li class="ow-nav-level-2-list-item"><a href="/en-hk/expert-insights/taking-a-proactive-approach-to-risk-adjusted-performance-management" class="ow-nav-level-2-link">Taking a proactive approach to risk adjusted performance management</a></li> </ul> <a href="/en-hk/expert-insights/compliance" class="ow-nav-level-2-view-all-link"><span>View All Expert Insights</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> </div> </div> </div> </div> </div> </div> </li> <li class="ow-nav-level-1-item"> <button type="button" class="wk-button wk-button-text ow-nav-level-1-trigger"><span class="ow-nav-level-1-trigger-text">Legal</span><span aria-hidden="true" class="wk-icon-chevron-down ow-nav-level-1-chevron"></span></button> <div class="ow-primary-nav-level-2 "> <span class="primary-nav-overlay-desktop"></span> <div class="ow-primary-nav-level-2-wrapper ow-background-fill"> <div class="ow-background-fill-container"> <div class="ow-background-fill-region ow-background-fill-left"></div> <div class="ow-background-fill-region ow-background-fill-right"></div> <div class="ow-primary-nav-level-2-container ow-primary-nav-container"> <div class="ow-primary-nav-group"> <div class="ow-primary-nav-summary"> <div class="ow-primary-nav-content"> <h5 class="ow-nav-level-2-list-heading">Legal</h5> <p class="ow-nav-level-2-copy">Serving legal professionals in law firms, General Counsel offices and corporate legal departments with data-driven decision-making tools. We streamline legal and regulatory research, analysis, and workflows to drive value to organizations, ensuring more transparent, just and safe societies.</p> <a href="/en-hk/legal" class="ow-nav-level-2-view-all-link"><span>Legal Overview</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> <div class="ow-primary-nav-items"> <div class="ow-primary-nav-item"> <div class="ow-primary-nav-content"> <h6 class="ow-nav-level-2-list-heading">Solutions</h6> <ul class="ow-nav-level-2-list "> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/enterprise-legal-management" class="ow-nav-level-2-link">Enterprise Legal management</a><span class="ow-nav-level-2-text">Matter and spend management solution</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/kluwertaxlaw" class="ow-nav-level-2-link">Kluwer Tax Law</a><span class="ow-nav-level-2-text">A global, online information service for international tax law professionals</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/kluwercompetitionlaw" class="ow-nav-level-2-link">Kluwer Competition Law</a><span class="ow-nav-level-2-text">Merger control information for competition lawyers</span></li> <li class="ow-nav-level-2-list-item ow-nav-level-2-list-item-with-text"><a href="/en-hk/solutions/kluwerarbitration" class="ow-nav-level-2-link">Kluwer Arbitration</a><span class="ow-nav-level-2-text">Indispensable online resource for international arbitration research</span></li> </ul> <a href="/en-hk/legal/our-solutions" class="ow-nav-level-2-view-all-link"><span>View All Solutions</span><span aria-hidden="true" class="wk-icon-arrow-right"></span></a> </div> </div> </div> </div> </div> </div> </div> </div> </li> </ul> </div> </div> </nav> </div> </div> <div class="breadcrumb-wrapper"> <div class="col-lg-12"> <div class="component breadcrumb breadcrumb-navigation js-breadcrumb-navigation initialized"> <div class="component-content"> <nav> <ol> <li class="breadcrumb-navigation__item home"> <a class="breadcrumb-navigation__link" href="/en-hk"><span class="breadcrumb-navigation__backtotext">Back to </span> Home </a> <span class="breadcrumb-navigation__separator separator">></span> </li> <li class="breadcrumb-navigation__item home"> <a class="breadcrumb-navigation__link" href="/en-hk/expert-insights"><span class="breadcrumb-navigation__backtotext">Back to </span> Expert Insights </a> <span class="breadcrumb-navigation__separator separator">></span> </li> <li class="breadcrumb-navigation__item home"> <span class="breadcrumb-navigation__link">Taking a proactive approach to risk adjusted performance man...</span> </li> </ol> </nav> </div> </div> </div> </div> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"></div> </div> </div> </div></div></div> </div> </header>   <main> <div id="content" class="container"> <div class="row"> <div class="row"><div class="component article-header col-12"> <div class="component-content"> <div class="image field-image"><image mediaid="" stylelabs-content-id="195003" thumbnailsrc="https://contenthub.wolterskluwer.com/api/gateway/195003/thumbnail" src="https://assets.contenthub.wolterskluwer.com/api/public/content/d4a9e435ecb9418f9881167516394180" stylelabs-content-type="Image" alt="Risk Adjusted Performance Commentary" height="960" width="3840" srcset="https://assets.contenthub.wolterskluwer.com/api/public/content/d4a9e435ecb9418f9881167516394180?t=w539l 539w,https://assets.contenthub.wolterskluwer.com/api/public/content/d4a9e435ecb9418f9881167516394180?t=w767l 767w,https://assets.contenthub.wolterskluwer.com/api/public/content/d4a9e435ecb9418f9881167516394180?t=w991l 991w,https://assets.contenthub.wolterskluwer.com/api/public/content/d4a9e435ecb9418f9881167516394180?t=w1199l 1199w,https://assets.contenthub.wolterskluwer.com/api/public/content/d4a9e435ecb9418f9881167516394180?t=w1440l 1440w,https://assets.contenthub.wolterskluwer.com/api/public/content/d4a9e435ecb9418f9881167516394180?t=w1920l 1920w" loading="lazy" data-variantitemid="{4A0382CE-CBC7-4DE2-B52D-52ED5EDBF4ED}" sizes="(max-width:539px)539px, (max-width:767px)767px, (max-width:991px)991px,(max-width:1199px)1199px,(max-width:1440px)1440px,1920px" format="" data-variantfieldname="Image" /></div><div class="container no-padding"><div class="col-lg-10 offset-lg-1 no-padding"><div class="eyebrow"><span class="interest-area field-name">Compliance</span><span class="interest-area field-name">Finance</span><span class="date field-editorial-publish-date">January 19, 2021</span><span class="updated-date-section"><span class="separatorLine">|</span><span>Updated</span><span class="field-editorial-revision-date">January 19, 2022</span></span></div><h1 class="title field-title">Taking a proactive approach to risk adjusted performance management</h1><div class="author-section"></div></div></div> </div> </div> <div class="row component column-splitter"> <div class="col-12 col-md-8 col-lg-1 sticky-wrapper"> <div class="row"> <div class="component social-share vertical col-12"> <div class="component-content"> <div class="share-sticky"><div class="share-wrapper"><div class="share-btn share-btn-linkedin" aria-label="Share on Linkedin"></div><div class="share-btn share-btn-twitter" aria-label=" Share on Twitter"></div><div class="share-btn share-btn-facebook" aria-label="Share on Facebook"></div><div class="share-btn share-btn-mail" aria-label="Share with Mail"></div><div class="share-btn share-btn-print" aria-label="Print"></div><div class="share-btn share-btn-link" aria-label="Copy Link"></div></div></div> </div> </div> </div> </div> <div class="col-12 col-md-8 col-lg-6"> <div class="row"> <div class="component row-splitter"> <div class="container-fluid"> <div > <div class="row"> <div class="component rich-text article-text"> <div class="component-content"> <p>With the world facing a tough economic landscape, 2021 promises to be a testing time for businesses globally and the banks that serve and support them. As their corporate clients react to the emerging economic uncertainty, banks need to assess their lending practices to get a clear view of how the financial climate will impact the growth and performance of their business.</p> <p> Even before the Covid-19 pandemic wrought havoc on the global economy, disrupting global trade and forcing businesses to rethink their plans, banks were facing a challenging environment. A globally sustained tendency toward low interest rates culminated in a sudden drop in 2020 that combined with the uncertainty of business growth and even survival, raising the prospect of substantial losses. The combination of decreasing interest margin revenue and increased risk of loan losses means that banks need to plan carefully for the future. </p> <p> This uncertainty over future rate movements is putting pressure on net interest margins, making it a major concern for both banks and regulators. It also emerges as banks grapple with an underlying growth in complexity of treasury and asset/liability risk management (ALM) that has been ongoing for some time. </p> <p> Against this backdrop, banks are realizing they need to proactively manage their balance sheets in order to maintain growth and enhance profitability. They need to analyze their lending practices, identifying sources of funding and qualifying loan targets to ensure proper loan management. Banks also need to fully understand their exposure to interest-rate and liquidity risk, assessing the mix of variable and fixed-rate products and adjusting their strategy in the face of changing marketplace dynamics.</p> <p> All of this necessarily entails a re-evaluation of their internal systems’ ability to respond rapidly to changing economic conditions that can impact balance-sheet risk and returns. </p> <p> The recent economic uncertainty has tested the fitness of internal systems used to monitor and manage balance-sheet risk, and many banks are concluding that legacy point solutions will not measure up to demands from the risk and finance departments to model numerous business and risk scenarios. </p> <p> Systems that used to turn around scenarios in days and weeks are no longer acceptable, given the need to incorporate business inputs and generate data-driven scenario-based analytics that are required not only to respond to regulators, but also to properly inform bank executives and decision makers. These factors are contributing to a growing expectation from regulators that banks will have in place advanced computational capabilities and speed of processing, coupled with stronger governance over this function</p> <h2>How banks are responding</h2> <p>For many banks, the situation points to the need for a transformation to systems and processes capable of meeting the emerging challenge. Banks are now looking to combine the modeling capabilities of ALM systems with the governance and reach of planning systems and the analytical power of advanced BI tools. Only in this way can they be sure to maintain and perhaps improve profitability.</p> <p> As part of this new approach, banks are no longer limiting asset liability management to regulatory compliance. The prevailing view is that they can move beyond mere compliance to the creation of business value though flexible scenario modelling that gives them a truly holistic view of the risk factors impacting future performance of the business. </p> <p> This approach involves assessment across asset/liability risk, liquidity risk, credit risk and operational business planning. To benefit from adopting this kind of proactive approach to risk-adjusted profitability management, banks need to implement several key capabilities. These include methodologies and processes for interest-rate management and balance-sheet optimization as a framework for fast and efficient advanced scenario modelling.</p> <p> Banks also need to analyze the results of their scenario modeling. For this, they need the analytical power to rapidly evaluate the options available to them as they react to market developments in order to maintain and enhance profitability.</p> <p> Finally, banks need to act on this analysis. This requires them to put in place the management information tooling needed to enable customer-facing frontline staff to execute the rapid reaction option(s) chosen, as well as processes and metrics that allow management to assess the success or otherwise of any given measure.</p> </div> </div> <div class="component table"> <div class="component-content"> <div class="table__header"><h2 class="table__title field-title">Check List for Practitioners</h2><div class="table__cta"><div class="table__cta-link field-cta"><a data-variantfieldname="CTA" data-dm-wk="thoughtleadership.link" href="/" data-variantitemid="{892DC474-93E8-4FBC-AFDF-6435E09F847A}">Learn more</a></div></div></div><div class="table__content"><div class="field-content"><table> <tbody> <tr> <td class="table-light-blue">As they move to effect this transformation to a holistic platform for risk-adjusted performance management, banks should bear in mind the following questions:</td> </tr> <tr> <td class="table-light-blue">- What factors are impacting earnings and liquidity within the changing environment?</td> </tr> <tr> <td class="table-light-blue">- Is the bank incorporating input from its market-facing staff related to growth, spreads and potential losses?</td> </tr> <tr> <td class="table-light-blue">- Is the bank taking a credit hit, and if so, how much?</td> </tr> <tr> <td class="table-light-blue">- Is the bank managing based on its current balance-sheet composition without considering future events, thereby counting on cash flows that might disappear?</td> </tr> <tr> <td class="table-light-blue">- Are the bank’s system capable of handling different interest-rate scenarios, including high volatility and negative rates? Can the bank measure the impact of these scenarios on liquidity and earnings?</td> </tr> <tr> <td class="table-light-blue">- Is the bank’s current asset liability management solution helping support decisions that will maximize stakeholder value?</td> </tr> </tbody> </table></div></div> </div> </div> <div class="component rich-text article-text col-12"> <div class="component-content"> <p>Taking into account these considerations, banks are concluding that what’s needed is a solution that combines three key attributes. First is an asset/liability management system capable of creating multiple scenarios and with the performance required to quickly compute them from the bottom up. Second, the solution needs to include business analytical tools to compare and contrast the rapid reaction plans for prioritization and execution. And finally, it needs a risk-adjusted performance management (RAPM) tool to measure and manage the results.</p> <h2>Taking a Holistic Approach to Risk-Adjusted Performance Management</h2> <p>Past experience has shown that attempting to build a solution with this breadth of capabilities can itself be a risky business. With legacy point systems typically focused on addressing just one area of the overall requirement, banks are often forced to cobble together a fragmented solution to the challenge. This approach has its disadvantages, chief among them being the lack of a comprehensive or holistic view of the bank's true risk position. Indeed, manual processes based on spreadsheets of general ledger data may provide a current view of the business, but fails to model for unforeseen risks or anticipate changing behaviors. </p> <p>The result can be a disconnect between the bank’s view of the risks it faces and the true factors impacting the bank’s performance going forward, which undermines the entire raison d’etre of the exercise. </p> <p> On top of that, dealing with multiple systems and suppliers can itself introduce risk into the situation, in the form of miscommunication, lack of clarity over ownership of key functions and poor interoperability that can potentially disrupt work flows. The use of multiple individual suppliers may require the bank to maintain multiple project teams with various specializations and vendor points of contacts, introducing complexity and expense. </p> <p> For these reasons, banks increasingly are turning toward a more integrated approach combining risk, compliance and analytics to meet the challenge of risk-adjusted performance management. Adopting a consolidated platform can give banks the consistency and agility to gain a true view of their risk situation. </p> <p> Wolters Kluwer Financial Services’ OneSumX Risk Management, for example, combines comprehensive income calculations with scenario modeling and budgeting, allowing banks to get a clear view of performance analytics and management. The solution’s out-of-the-box functionality takes into account future revenues based on qualitative assessments and fixed/variable-rate product mix. </p> <p> The solution’s modeling framework allows banks to model the impact on the balance sheet of various product scenarios. Its budgeting and planning function, meanwhile, provides an assessment across the whole bank, looking not only at assets and loans but also at payroll, fixed assets and equipment, and other non-income expenses, allowing analysis of performance by region, cost centre or other parameters. Integral to this is a data layer capable of handling data changes, as well as normalization and distribution to specific functions. </p> <p> The result is a realistic, holistic view of the bank’s business trajectory, accessible and managed through a single point of contact, ensuring consistency of approach and operational efficiency.</p> </div> </div> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"></div> </div> </div> <div class="container-fluid"> <div > <div class="row"></div> </div> </div> <div class="container-fluid"> <div > <div class="row"> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"></div> </div> </div> </div></div> </div> <div class="col-12 col-md-4 col-lg-3 offset-lg-1 sticky-sidebar"> <div class="row"> <div class="component row-splitter"> <div class="container-fluid"> <div > <div class="row"> <div class="component relatedtopics col-12 compact"> <div class="component-content"> <div class="relatedtopics-wrapper"><h4 class="relatedtopics-header">Explore related topics</h4><div class="tag-list" role="list"><span class="field-title" role="listitem" ><a href="/en-hk/search-results/topic/domain-knowledge">Domain knowledge</a></span><span class="field-title" role="listitem" ><a href="/en-hk/search-results/topic/risk-management">Risk management</a></span><span class="field-title" role="listitem" ><a href="/en-hk/search-results/topic/basel-iv">Basel IV</a></span><span class="field-title" role="listitem" ><a href="/en-hk/search-results/topic/asset--liability-management">Asset & Liability Management</a></span></div></div> </div> </div> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"> <div class="component productpromo medium-gray-bg col-12 compact"> <div class="component-content"> <div class="product-wrapper"><h4 class="productpromo-name field-name">OneSumX for Finance, Risk, and Regulatory Reporting Solution Suite</h4><div class="productpromo-description field-description">The best-in-class integrated solution suite for finance, risk, regulatory compliance and reporting, enriched with value-added content from our experts.</div><div class="productpromo-link field-link"><a data-variantfieldname="Link" data-dm-wk="productpromotion.button" href="/en-hk/solutions/onesumx-for-finance-risk-and-regulatory-reporting?wkcid=21.10_WW_FRR_EN_WK_GlobalProdPromo" data-variantitemid="{943BB49F-5C86-4A2F-B169-70A15E71ED42}">Learn More</a></div></div><div class="details-wrapper"><div class="productpromo-cta-wrapper"></div></div> </div> </div> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"> </div> </div> </div> <div class="container-fluid"> <div > <div class="row"></div> </div> </div> </div></div> </div> </div> <div class="component row-splitter"> <div class="container-fluid"> <div > <div class="row"> </div> </div> </div> </div></div></div> </div> </main>   <footer role="contentinfo" aria-labelledby="footer-nav"> <h5 id="footer-nav" class="sr-only">Footer Navigation</h5> <div id="footer" class="container-fluid"> <div class="row"> <div class="row"> <div class="component row-splitter"> <div class=" footer-content legal-footer container-fluid"> <div > <div class="row"> <div class="row component column-splitter"> <div class="col-12 col-sm-6 col-lg-2"> <div class="row"> <div class="component link-list footer-links"> <div class="component-content"> <ul> <li class="item0 odd first"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/about-us" data-variantitemid="{A9B60E9A-5620-4E75-80D2-442D66F5F4A8}">About Wolters Kluwer</a></div> </li> <li class="item1 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/about-us/strategy" data-variantitemid="{1B95F13A-95E1-499D-9E91-B8F15AA26C93}">Strategy</a></div> </li> <li class="item2 odd"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/about-us/organization" data-variantitemid="{62A7CAF5-F0C1-4E24-AB59-174B26B4B4A0}">Organization</a></div> </li> <li class="item3 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/about-us/management" data-variantitemid="{C30001EF-6F20-4E8E-A2F4-74A0F8308E05}">Management</a></div> </li> <li class="item4 odd"> <div class="field-link"><a data-variantfieldname="Link" title="Newsroom" href="/en-hk/news" data-variantitemid="{5D5BF977-7E2A-496F-ABDD-4FEFAB5CBFF2}">News & Press Releases</a></div> </li> <li class="item5 even last"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/events" data-variantitemid="{51FF515D-F338-4E79-9FC3-7EA075C9CD30}">Events</a></div> </li> </ul> </div> </div> </div> </div> <div class="col-12 col-sm-6 col-lg-2"> <div class="row"> <div class="component link-list footer-links col-12"> <div class="component-content"> <ul> <li class="item0 odd first"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/solutions" data-variantitemid="{36AFCB32-44F3-4A12-84F3-9091F0CC78AE}">Solutions Directory</a></div> </li> <li class="item1 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/health" data-variantitemid="{06B36278-4164-4349-8EB9-5768BD1BC9FE}">Health</a></div> </li> <li class="item2 odd"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/tax-and-accounting" data-variantitemid="{847D6795-621F-451E-91A9-28FFAAFD1BF3}">Tax & Accounting</a></div> </li> <li class="item3 even"> <div class="field-link"><a data-variantfieldname="Link" title="ESG" href="/en-hk/esg" data-variantitemid="{540C37C8-B07D-4282-A0D3-A287F0C9A60E}">ESG</a></div> </li> <li class="item4 odd"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/finance" data-variantitemid="{00F58B36-20AB-4655-BCB6-A399E3FE45E7}">Finance</a></div> </li> <li class="item5 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/compliance" data-variantitemid="{8E71F6B1-8419-4DA4-AE2B-B11E73F13A1A}">Compliance</a></div> </li> <li class="item6 odd last"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/legal" data-variantitemid="{4103DB64-9E9F-4C18-B087-0EF42DE839E2}">Legal</a></div> </li> </ul> </div> </div> </div> </div> <div class="col-12 col-sm-6 col-lg-2"> <div class="row"> <div class="component link-list footer-links col-12"> <div class="component-content"> <ul> <li class="item0 odd first"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/expert-insights" data-variantitemid="{E1C93E35-1169-4532-83D0-EB33E50ED4DC}">Expert Insights</a></div> </li> <li class="item1 even"> <div class="field-link"><a data-variantfieldname="Link" href="https://careers.wolterskluwer.com/en" data-variantitemid="{5679BDC9-EF38-4398-9EA0-22E5FE714255}">Careers</a></div> </li> <li class="item2 odd"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/investors" data-variantitemid="{EDACEBEB-937E-4311-9C14-97B1DF3EC7C7}">Investors</a></div> </li> <li class="item3 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/sitemap" data-variantitemid="{9F5D5548-3AD6-401E-B4A7-A7FD299648D0}">Sitemap</a></div> </li> <li class="item4 odd"> <div class="field-link"><a data-variantfieldname="Link" title="Site Owner" href="/en-hk/site-owner" data-variantitemid="{3598D0B9-52E2-4393-BC78-71ED3E47C69A}">Site Owner</a></div> </li> </ul> </div> </div> </div> </div> <div class="col-12 col-sm-6 col-lg-2"> <div class="row"></div> </div> <div class="col-12 col-lg-1 vertical-divider"> <div class="row"></div> </div> <div class="col-12 col-lg-3 media-contacts"> <div class="row"> <div class="component link-list"> <div class="component-content"> <h6>Follow Wolters Kluwer</h6> <ul> <li class="item0 odd first"> <div class="field-link"><a class="media-icons wk-icon-facebook" data-variantfieldname="Link" target="_blank" href="https://www.facebook.com/wolterskluwer" data-variantitemid="{E7CD9851-C9E6-4D8F-ACB6-D156F5E82345}">Facebook</a></div> </li> <li class="item1 even"> <div class="field-link"><a class="media-icons wk-icon-twitter" data-variantfieldname="Link" target="_blank" href="https://twitter.com/Wolters_Kluwer" data-variantitemid="{274599C5-B1DF-445B-ADD2-295874DD6C50}">Twitter</a></div> </li> <li class="item2 odd"> <div class="field-link"><a class="media-icons wk-icon-linkedin" data-variantfieldname="Link" target="_blank" href="https://www.linkedin.com/company/wolters-kluwer/" data-variantitemid="{D7AF6D9B-9E5B-4D66-9101-F5A367C821F9}">LinkedIn</a></div> </li> <li class="item3 even last"> <div class="field-link"><a class="media-icons wk-icon-youtube" data-variantfieldname="Link" target="_blank" href="https://www.youtube.com/user/WoltersKluwerComms" data-variantitemid="{8B2788B5-C350-47A2-AB10-EFB9327F9769}">YouTube</a></div> </li> </ul> </div> </div> </div> </div> </div> <div class="component row-splitter"> <div class=" footer-content footer-content-bottom container-fluid"> <div > <div class="row"> <div class="row component column-splitter"> <div class="col-12 col-lg-6"> <div class="row"> <div class="component image file-type-icon-media-link col-12"> <div class="component-content"> <a title="WK Logo" href="/en-hk"><picture title="Wolters Kluwer Logo"><source srcset="https://cdn.wolterskluwer.io/wk/fundamentals/1.15.2/logo/assets/white-small.svg" media="(max-width:767px)" width="144px" height="24px"></source><source srcset="https://cdn.wolterskluwer.io/wk/fundamentals/1.15.2/logo/assets/white-medium.svg" media="(max-width:991px)" width="144px" height="24px"></source><source srcset="https://cdn.wolterskluwer.io/wk/fundamentals/1.15.2/logo/assets/white-medium.svg" media="(max-width:1199px)" width="190px" height="31px"></source><img src="https://cdn.wolterskluwer.io/wk/fundamentals/1.15.2/logo/assets/white-medium.svg" alt="Wolters Kluwer Logo" width="190px" height="31px" /></picture></a> </div> </div> </div> </div> <div class="col-12 col-lg-6"> <div class="row"> <div class="component rich-text col-12"> <div class="component-content"> <p class="footer-bottom-text">When you have to be right</p> </div> </div> </div> </div> </div></div> </div> </div> <div class=" minimal-content container-fluid"> <div > <div class="row"> <div class="component link-list footer-links"> <div class="component-content"> <ul> <li class="item0 odd first"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/terms-of-use" data-variantitemid="{3554BE4A-FCA0-4391-B46D-2CC79E78F6FD}">Terms of Use</a></div> </li> <li class="item1 even"> <div class="field-link"><a data-variantfieldname="Link" href="/en-hk/privacy-cookies" data-variantitemid="{AC65F5A7-0494-4F0C-B600-5A1518440BB5}">Privacy & Cookies</a></div> </li> <li class="item2 odd last"> <div class="field-link"><a data-variantfieldname="Link" onclick="javascript:window.open('https://privacyportal-de.onetrust.com/webform/2217e117-526b-4696-8a98-8c402f8f2b81/5b049ba3-0106-4b77-a7da-5d12238c90a4?cookieId='+OneTrust.getDataSubjectId(), '_blank');" href="#" data-variantitemid="{AA0641C3-AC8C-469D-A2F3-306FE673EAB9}">Your California Privacy Choices</a></div><div class="field-icon"><image width="30" height="14" alt="Privacy" src="https://assets.contenthub.wolterskluwer.com/api/public/content/e44fce5ebae24bba824439ddcbfd7a2a.svg?v=db68952a" stylelabs-content-id="1971214" stylelabs-content-type="Image" thumbnailsrc="https://contenthub.wolterskluwer.com/api/gateway/1971214/thumbnail" data-variantitemid="{AA0641C3-AC8C-469D-A2F3-306FE673EAB9}" format="" data-variantfieldname="Image URL" /></div> </li> </ul> </div> </div> <div class="component container"> <div class="component-content" > <div class="row"></div> </div> </div></div> </div> </div> <div class=" minimal-content container-fluid"> <div > <div class="row"> <div class="component rich-text article-text"> <div class="component-content"> <p class="copyright-text">© 2024 Wolters Kluwer N.V. and/or its subsidiaries. All rights reserved.</p> </div> </div> </div> </div> </div> </div></div> </div> </div> </div></div></div> </div> </footer>  </div>  <div class="component controlled-rich-text"> <div class="component-content"> <a id="backToTop" class="back-to-top" title="Back to top" data-dm-wk="back-to-top.button"> <span class="wk-sr-only">Back To Top</span> <span class="arrow-icon wk-icon-arrow-up"> </span> </a> </div> </div>  <script id="wk-dictionary-values" type="application/javascript">[{"Key":"/Feature/WoltersKluwer/OneWeb/Accessibility/Focus Retriever","Phrase":"Input box to get the focus back to the page on mouse move"},{"Key":"/Feature/WoltersKluwer/OneWeb/Accessibility/Pagination Next","Phrase":"Navigate to Next Page"},{"Key":"/Feature/WoltersKluwer/OneWeb/Accessibility/Pagination Previous","Phrase":"Navigate to Previous Page"},{"Key":"/Feature/WoltersKluwer/OneWeb/SearchBox/Search Bar Clear","Phrase":"Search Bar Clear"}]</script>  <script src="/-/media/base%20themes/custom%20oneweb%20theme/scripts/optimized-min.js?rev=82e871b5e5f94b78973f62f08b02675f&t=20240321T172721Z&hash=F9576D9A3113545FC759DBF132755CD1"></script> <script type="application/javascript" src="https://www.google.com/recaptcha/api.js?render=6Lf6x-MUAAAAAATFy_Zy7Y9FezDcp0kmycrG1taQ"></script> </body> </html>

CINXE.COM

Taking a proactive approach to risk adjusted performance management | Wolters Kluwer