Banking

Banking and financial markets are in a period of change, with increasing competition and regulations shaping the markets. The banking sector has seen unprecedented change since the beginnings of the sub prime crisis in 2007 and whilst this may offer potential opportunities for merger and acquisition activity it has also created major issues of funding, confidence and even survival for some institutions. These market events have raised questions about the approach to governance, risk management and disclosure within the banking world, with ever closer scrutiny over bank balance sheets. Business development strategies, along with trading and lending activities and the bases of valuation and compensation that support them, are being re-examined.

Against this background, and with the benefit of our breadth of both practical knowledge and experience, we provide a full service capability to the sector and our specialist banking team has considerable experience in providing solutions to industry issues, helping banks to survive and grow their franchise and value in this increasingly turbulent and supervised marketplace.

More specifically, with the benefit of our Financial Services Risk and Regulatory Practice we focus on the following areas:

• Audit, tax and control assurance – including technical accounting and valuations of financial instruments and due diligence work;
• Governance and integrated risk management – including Basel II, ICAAP and SOX;
• Regulation and compliance services – including banking licence applications, MiFID, TCF and FSA handbook regulatory related advice such as BIPRU and BCOBS;
• Internal audit services – including co-source and fully outsourced work;
• IT advisory services – including system selection/implementation, IT security and data analytics