Ernst & Young, a global leader in assurance, tax, transaction and consulting services, is the top ranked consulting firm in the Operational Risk & Regulation's annual rankings. This is the second successive year that they named Ernst & Young top consulting firm. The company was ranked top in six out of 12 categories that were included in the rankings.
Here are the categories in which Ernst & Young placed first:
• Basel II/III
• Corporate governance
• Fraud/Financial crime prevention
• Operational risk
• Operational risk software selection and implementation
• Treating customers fairly
Hank Prybylski, Global Financial Services Risk Management Practice Leader and Americas Financial Services Advisory Leader, said, "Demand for consultancy services has increased in this era of regulatory change, and in turn, we have seen a continued up-tick in demand worldwide for advisory services across asset management, banking and capital markets, and insurance sectors. Being recognized by Operational Risk & Regulation as a top financial services consulting organization demonstrates Ernst & Young’s commitment to stay ahead of the changes the industry faces and address the evolving needs of our clients."
He added, "As our clients come out of the financial crisis and look at how they will improve business processes — and, ultimately, gain a competitive advantage — we will work with them on defining and implementing business strategies that are consistent with the emerging regulatory landscape."
To view the full Operational Risk & Regulations consultancy rankings, please visit www.ey.com/us/financialservices.
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