Responding to Government and Regulatory Intervention
In financial services one can observe increasing government intervention in the economy: private banks need to be alert to both regulatory risks and opportunities.
Challenges where Deloitte can help
- How is your bank reacting on recent national and international statutory and regulatory activities?
- Did your bank identify risk areas and opportunities to achieve operational efficiency and avoid reputation risks?
- How can you understand and interpret government policy?
- Does your bank know how to gain competitive advantage despite regulatory interventions?
- What kind of activities are launched to prevent money-laundering issues?
- Is your bank aware of risks and exposures regarding international sanctions (e.g. OFAC)?
Why Deloitte?
Changing rules and regulations require a trustful and competent partner - even more in current market conditions. Deloitte helps you in identifying relevant legislation and implementing these effectively within your business strategy.
- To prevent anti money laundering we provide online database research, on-site public records searches, field interviewing and fact gathering including direct contacts with Swiss government, industry, personnel, and confidential sources. We also conduct customer transactional analyses.
- We support you in analysing and assessing your current strategy and internal policies regarding regulations and adjust/ improve them if necessary.
- We review your approach towards sanctions compliance and can assist you with IT-based transaction monitoring.
- We provide professional advice and assurance on controls and accounting systems connected with the filing of annual and periodic financial information.
- Our industry experience provides you with leading practices in operational risk management.
- We help to improve the preparedness and resiliency of your bank as well as developing and implementing continuity programmes.