Banking

Banking brings together different regulatory requirements with challenging complexity and potential overlaps into other sectors. We have worked with senior management in major banks and building societies, at both a strategic and technical level.

We help retail banks navigate complexity and manage risk

Tailored regulatory support

Our team has detailed knowledge of requirements under the Banking Codes, Consumer Credit Act, and Money Laundering Regulations. We’ve helped new banks get authorised and led multi-stranded projects for established international banking groups.

Financial crime risk prevention

The risk of financial crime never goes away and we’ve worked with several clients to get their AML or ABC arrangements fit for purpose – including seconding our staff into banks’ compliance departments and carrying out major deep-dive review work.

Operational risk prevention

Operational resilience came under the spotlight during the Covid-19 crisis, but it has been a bubbling issue for both the PRA and FCA for some time. We work with firms to look at their Operational Risk controls, and 1st Line effectiveness. But also to consider what the business should look like, for the long term – so not just BCM concerns of getting through the day, but more strategic think around thriving in the next decade.

Getting a banking license

We can guide you through the banking authorisation process from start to finish working with you to put together documentation and prepare for meetings. We’ve helped over 500 firms with authorisations over the years including well known challenger brands. Our people have worked both in-house in the banking sector and as regulators supervising banks.

Menu