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Financial Services Regulatory Practice
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Our Financial Services Regulatory Practice helps clients both understand and manage the regulatory environment that surrounds much of the Financial Services industry.
You can find out more about the services we offer by following the links below:
Regulatory advice
FSA authorisation
Compliance reviews and support
Specialist reviews
Money laundering and financial crime
Risk management
If you would like to talk to one of our Financial Services regulatory specialists and learn how else we can help you, please contact Fiona Raistrick or your local BDO Stoy Hayward adviser.
Click here to review this month's Regulatory Focus
Regulatory advice
In this time of immense regulatory change for many financial services businesses, the quantity of legislation, guidance and other related communications can be daunting. To truly understand the impact of changes in the regulatory environment upon your firm, we are able to provide:
Tailored impact assessments;
Bespoke training courses;
Health checks;
Tools for self audit
Quality reviews on submissions to the FSA; and
One-to-one discussions.
FSA authorisation
We can assist with many aspects of the FSA authorisation process including:
Preparing and reviewing financial forecasts;
Advising on and assisting with regulatory capital requirements;
Providing advice on appropriate capital structures; and
Reviewing or assisting in implementing detailed systems and controls requirements.
Compliance reviews and support
Whether you are a company with an established compliance department wanting a one-off review of one part of your compliance regime, or a small business looking for more of a helping hand, we can assist with:
Reviews and development of existing internal compliance and corporate governance arrangements;
Assurance reviews on specific topics, for example, ICAAP and MiFID; and
Training compliance staff and senior management.
Specialist reviews and reports
We can help with the preparation and execution of a wide variety of specialist projects including:
Section 166 Skilled Persons reports;
Corporate Finance due diligence, restructuring and refinancing reviews; and
Advice on varying permissions or deregistering from FSA authorisation.
Money laundering and financial crime
Our money laundering and financial crime specialists have substantial technical knowledge of the FSA rules and Joint Money Laundering Steering Group Guidance Notes together with international investigative experience.
Our primary objective is to ensure that you meet regulatory requirements and industry good practice. Our risk based approach can lead to substantial cost savings, reduction in risks whilst leaving you and your business to concentrate on the real money laundering risks as well as providing a more accessible service to lower risk customers.
Internal audit and risk management
Our Risk Advisory team has dedicated resource with experience and skills in providing internal audit and risk management services to firms involved in the financial services market, including:
Preparation for ARROW visits, including mock interviews and risk mitigation planning;
Outsourcing; and
Quality assessment of internal audit functions.
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