MISSION STATEMENT:
ALTASOL assists financial institutions, including wealth management organizations, manage risks and respond to the more demanding client, investor, creditor and regulatory requirements over risk management governance, organization, processes and transparency.

RISK MANAGEMENT ENVIRONMENT – KEY CHANGES AND NEW STANDARDS:

Risk management has been significantly changed by the global financial crisis and the way financial institutions analyze and predict potential problems. Evidence is provided by:

1. The higher expectations of stakeholders (clients, investors, creditors and regulators) for implementation of better risk governance, processes and transparency
2. More stringent risk management standards and transparency requirements resulting from recent industry losses, studies and regulatory reform intended to better control, ring-fence and manage expected and unexpected losses associated with their business strategies
3. The challenges provided to investors and managements by the expectations of continued high volatility in financial markets due to a high rate of change in the business environment and the increased linkage of global risk factors, even in the case of domestically oriented business models
4. A broadly perceived need for continual improvements in Enterprise Risk Management (including capital, liquidity and balance sheet management) given the rapid changes evidenced in the business environment and the need to address all enterprise risks in an integrated manner.