Banking Sector Risk and Compliance
The banking sector is under more scrutiny than ever. The way risks are managed has never been more important, and a torrent of new regulation means yet more complexity. Banks that respond quickly and decisively will have the advantage.
We advise banks and building societies to plan for - and stay on top of - their key risks to add real commercial benefit and counter major problems and threats.
What's on your Mind?
- Ensuring operational and risk models meet emerging regulatory requirements (e.g. FSA directives, G20, Walker and Turner reviews etc).
- Concern over the performance of - or lack of coordination between - governance, risk, compliance and finance teams, and the importance of risk at Board level.
- Operating efficiently in a capital and liquidity constrained environment.
- Addressing fraud, bribery and corruption, market abuse, data security and other financial crime risks, perhaps due to regulatory intervention or an alleged/discovered event.
- Impending legal action related to the global financial crisis, investment decisions and financial vehicle performance.
Bringing you Peace of Mind
We can assist in a wide range of areas, including:
- Financial Crime
Regulatory Investigations and Skilled Persons Reports
Anti-Money Laundering and Market Abuse
Fraud, Bribery, Corruption and Misconduct
Asset Tracing
Financial Crime Technology
Integrity Due Diligence
Enhanced Know Your Client - Financial Risk Management
Financial Engineering and Modelling
Integrated Risk Management
Capital Adequacy and Credit Portfolio Management
Stress Testing and Scenario Planning - Technology
Data Security and Loss
IT Attestation and Certification
Evidence and Disclosure Management
Advanced Data Analytics - Dispute Advisory Services
Quantification of Loss and Liability
Business and Share Valuations
International Arbitration and Litigation
Alternative Dispute Resolution
Regulatory Expert Witness Services
What's in it for you?
- Integrate and refine governance, compliance, financial crime prevention and risk capabilities to run more efficiently and effectively for the business, with a 'single view of risk' at Board level.
- Enhance reputation with regulators, Government, investors and the wider marketplace, with consequent commercial benefits.
- Potentially significant lowering of regulatory capital levels required, and more economic capital available, deployed to achieve full value.
- Avoid, or reduce the impact of, regulatory intervention and consequent financial or reputational damage.
- Legal action that arises resolved with a favourable outcome and financial ruling.
Why KPMG
- We integrate our financial and regulatory risk specialists with actuaries, forensic, technology and industry specialists to cover a very wide range of different risk types (e.g. credit, operational, fraud, market, group, regulatory, IT), which is unusual amongst professional advisor firms.
- We advise many of the largest financial sector firms, which has included secondments within client risk, compliance and regulatory teams, and to regulators themselves.
- We have been involved as investigators and expert witnesses in some of the largest cases brought to date.
- Our credit portfolio management team is one of the leading among the Big 4 and other major professional advisers, having come from the industry and with an impressive track record.
Contact
We have recently published a survey on overseas bribery and corruption which explores industry awareness of the major US and UK extra-territorial legislation in this area, and what businesses are doing to ensure compliance.