How will the latest legislation and regulations affect my organisation? What risks are involved? What does it mean for my reputation and my shareholders? Trust is fundamental to the financial services sector. Since the credit crisis, trust in financial services is low and now, more than ever before, society is calling for stricter requirements for financial services providers. This is reflected in the extensive and constantly changing legislation and regulations, closer monitoring by the government, more influence from shareholders and a stronger focus on the interests of customers. Banks, insurers, investment funds, asset managers and pension and real estate funds want control over their risks and processes.
The rapidly changing requests and demands from consumers and the unpredictable interest rates also keep the financial sector on its toes. Agility is crucial in a market screaming for new, more flexible insurance options, mortgage options, capital accumulation and payment services. Standing by and watching is not an option if you want to continue to be part of the financial services industry. but innovation and thinking ahead definitely are.
Tailor-made independent professional advice
At BDO we have extensive experience with all types of financial services providers. which is why we know as no other how they operate and what is going on in the sector. Within the BDO global network, our Financial Services Sector Group is at the forefront of knowledge and innovation.
With us you are assured of tailor-made independent advice. What characterises the Financial Services Sector Group is a multidisciplinary approach, whereby we can draw from the extensive knowledge within our organisation. For each issue we compose an appropriate team of experienced specialists. In contact with our clients we always take a personal approach. In every advice we give, we strongly focus on your organisation's identity.
We can provide advice on:
- financial legislation and regulations;
- reputation management (incl. fraud investigation, tax evasion and data management);
- behaviours and culture within organisations (soft controls).
If you would like to know how the BDO Financial Services Sector Group can help your organisation? Please contact one of our specialists to arrange an introductory meeting without any obligation.
Brexit & Financial Services
Today, the regulatory environment for financial institutions is highly harmonised across the EU. If the Brexit will lead to a disintegration of the EU27 and the UK financial markets, there is a substantial risk that competition and supply may deteriorate and the financing and the investments of real-economy-companies will be harmed. BDO assists financial institutions with focus on strategy, client relationship, profitability and capital allocation, encompassing services around decision making on markets/jurisdictions, licence application, M&A and transaction services, and transition agreements. Do you want more information? Click here.