Banks & Building Societies
Given the pace and volume of regulatory change anticipated over
the next few years, banks and building societies will face a
particularly challenging time. While the implementation of the
Basel II requirements and MiFID will bring significant changes to
the FSA’s rules, there is also a change in emphasis as the
supervisory approach becomes more risk and principles based.
In addition to the regulatory changes, the application of
international accounting standards to banking groups is complex and
has been the cause of much debate in the industry, while the
guidance in relation to KYC continues to evolve.
We have extensive experience of providing pragmatic and
innovative solutions to leading banks and building societies, and
also have particular expertise in supporting overseas banking
groups with operations in the UK.
We can help you to deal with specific challenges including:
- Accounting for complex instruments
- Carrying out reviews of your internal controls and risk
management environment
- Supporting you through the application for a banking licence
and FSA authorisation
- Dealing with regulatory issues, including treating customers
fairly, complaints handling and financial promotions
- Dormant account legislation
- Consumer Credit Act compliance
- Sarbanes-Oxley compliance
- Dealing with financial crime and anti money laundering
requirements
- Code of Banking Practice compliance
- Outsourcing and offshoring
- Alignment of economic and regulatory capital
- Data protection
- Regulatory, governance and other issues surrounding mortgage
providers and brokers
To find out more about some of our key services please click on
one of the links below: