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Privacy and Data Protection
Our digital risk team is made up of a combination of subject matter experts and technical specialists who can help your business comply with the GDPR.
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Governance, Risk and Compliance (GRC)
While business goals and strategies evolve, our services support you wherever you are in your business cycle. The digital economy is simultaneously increasing the magnitude of new business opportunities while increasing the difficulty of getting it right.
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ISO 27001 and ISO 27701
Grant Thornton’s ISO 27001 and ISO 27701 specialists will arrange and oversee the formal audit process.
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SOC 1,2,3
As a service organization there are many ways to provide assurance to your customers and in turn other stakeholders over your control environment. One of the most effective and cost-efficient ways is to issue a Service Organization Control (SOC) Report.
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Incident Response
Grant Thornton’s Cyber Incident Response Team can support your business in the event of a cyberattack or data loss event. We work alongside your existing IT and Legal teams to provide a co-ordinated, timely and efficient investigation and remediation.
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Hacking Services
At Grant Thornton, our cyber security experts can develop a bespoke penetration testing plan to meet your business needs and unique IT environment. We can undertake the full suite of testing or conduct individual assessments, as required.
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Cyber Health Check
Approximately 54% of organizations report that they have experienced at least one cyber-attack during the past year. Grant Thornton’s cyber health check provides you with an objective, jargon-free assessment of your current cyber security, drawing on both qualitative and quantitative elements.
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Dark Web Threat Intelligence
We use a variety of dark and deep web monitoring tools that continuously scans illegal sites to discover any mention of your data, ranging from breached security credentials such as usernames and passwords to leaked confidential documents of your company.
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Digital forensics and electronic discovery
We offer a full suite of digital forensics and data acquisition services in investigations related to cybercrime, disputes, fraud and regulatory investigations.
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Insolvency
If you're facing a time of personal or corporate financial crisis you need advice from someone who listens, who understands your specific issues and deals with them in a supportive and sensitive manner.
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Crisis stabilisation and turnaround
In periods of financial distress, management teams often face considerable challenges, with many directors having little or no experience of similar conditions.
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Operational and financial restructuring
Companies challenged by underperformance often need support in identifying options for financial or operational restructuring. Tapping this type of advice helps them create a stable platform for business turnaround.
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Accelerated M & A
Even fundamentally sound businesses run into difficulties. Cash flow can come under pressure from the loss of a big client, or a dip in performance can threaten a breach of banking covenants if there is insufficient headroom.
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Indirect Tax
Our experienced VAT specialists are available to assist companies and entrepreneurs of all industries and sizes in meeting their obligations.
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Direct Tax
We can help you ensure a bespoke balance between tax compliance and effective tax planning for your special circumstances.
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Life at Grant Thornton
At Grant Thornton Cyprus, we are taking a holistic approach and reimagining the way we work, continually assessing it and making necessary changes to better support our people.
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In the community
Unlocking the potential for growth in our local communities.
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Diversity and inclusion
Diversity helps us meet the demands of a changing world. We value the fact that our people come from all walks of life and that this diversity of experience and perspective makes our organisation stronger as a result.
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Global talent mobility
One of the biggest attractions of a career with Grant Thornton Cyprus is the opportunity to work on cross-border projects all over the world.
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Learning and development
At Grant Thornton we believe learning and development opportunities allow you to perform at your best every day.
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Our values
We are a values-driven organisation and we have more than 56,000 people in over 140 countries who are passionately committed to these values.
European Banking Authority’s roadmap to sustainable finance
The EBA's work on ESG risks will primarily cover the three pillars of the banking framework, as well as other related areas and the monitoring and assessment of risks. The EBA will foster transparency and market discipline on ESG issues through enhanced disclosures, and ensure robust management of ESG risks by institutions through harmonised rules at the EU level. The EBA has also started reflecting on the merits of introducing changes to the prudential treatment of exposures under Pillar 1.
When executing its roadmap and delivering its mandates on ESG, the EBA will pay particular attention to ensuring continued resilience of the EU banking sector, applying the principle of proportionality, and supporting the implementation of the EU and international agenda on sustainable finance. The EBA will also cooperate with other EU and international bodies such as the European Commission, the Basel Committee on Banking Supervision, and the Network for Greening the Financial System.
The EBA will collaborate with various European and international bodies, such as the European Commission, the Basel Committee on Banking Supervision (BCBS), and the Network for Greening the Financial System (NGFS), to contribute to the ESG work in the area of sustainable finance and environmental, social, and governance (ESG) risks. The EBA will also closely cooperate with the European Securities and Markets Authority (ESMA) and the European Occupational Pensions and Insurance Authority (EIOPA) to ensure regulatory consistency across the EU financial sector. It is important to maintain close cooperation between EU and international institutions to ensure synergy and consistency in the development and implementation of the ESG regulatory framework.
A great achievement for house-keeping that should also be noted is that the EBA has obtained the Eco-Management and Audit Scheme (EMAS) certification, under which its internal efforts to consider the environmental impact of its activities and functioning have been acknowledged. The EBA will continue to monitor its progress going forward.
The report can be found here.
Figure 1 Source: EBA Roadmap on Sustainable Finance
Our team at Grant Thornton Cyprus has been researching and advising clients on the impacts and expectations of regulators with regards to sustainable finance in the last few years. A showcase of relevant articles and reports we published throughout the year is presented below.
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Website Link |
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Regulatory guidance on climate and environmental risks for the financial services sector |
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Climate risk stress test: SSM stress test 2022 |
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Climate Risk Quantification Approach |
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Climate risk quantification: Focus on ESG data |
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ECB publishes 2022 climate stress test results |
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NGFS series: Climate scenarios – A range of plausible outcomes |
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NGFS Series: Bridging Data Gaps – The Future of Climate Data |
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NGFS Scenarios for Central Banks and Supervisors – Phase III Scenarios |
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Andreas Spyrides Andreas is leading the Quantitative Risk at Grant Thornton (Cyprus) Ltd and he is the Head of the subsidiary company Grant Thornton Quantitative Risk (Cyprus) Ltd.View Profile