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Financial Services

Recent market developments have led to the competitive and regulatory landscape evolving at unprecedented speed. As such, financial services organisations are having to understand and tackle a more complex matrix of organisational challenges.

At Deloitte, our specialist knowledge and industry experience enables our experts to deliver tailored solutions to help companies address these new challenges, maximise market opportunities and create competitive advantage. 

Solvency II Survey highlights video

In this video Rick Lester, Deloitte’s UK Solvency II Lead Partner, and Monica Woodley, the Solvency II Survey Editor from the Economist Intelligence Unit, discuss the highlights from this year’s Solvency II Survey. Find out more about the Solvency II Survey.

Financial services research & insights

  • Common Reporting (COREP)
    COREP (the European Banking Authority’s common regulatory reporting framework) will be mandatory in the UK from 1 January 2013. In this paper, we explain what COREP is all about, how you assess the impact and we look at a way forward for financial institutions to optimise their implementation and ultimately comply with the required regulation.
  • An integrated approach to tackling financial crime
    Find out how an integrated approach to tackling financial crime can improve financial intelligence and customer service and help reduce costs.
  • The CASS Resolution Pack - For firms holding client money and/or custody assets
    With implementation of a firm’s CASS Resolution Pack due by 1 October 2012 this bulletin reviews the key implications for in-scope firms and details the various documents which are required by firms to ensure compliance.
  • Building Society Update: Growth is on the horizon
    In this year’s edition we look at how the market is indicating growth for the future despite facing challenges from increased regulation; The Mortgage Market Review; the Foreign Account Tax Compliance Act (FATCA); Recovery & Resolution Plans; loan forbearance; IFRS 9 and Combined Assurance.

Issues and trends within the financial services industry

  • Independent Commission on Banking
    In its final report, published on 12 September 2011, the Independent Commission on Banking proposed radical changes to the way banks authorised in the UK structure themselves and manage their retail banking activities.
  • Foreign Account Tax Compliance Act (FATCA)
    From 1 January 2013, the US Foreign Account Tax Compliance Act (FATCA) will require foreign financial institutions (FFIs) that enter into an agreement with the US Internal Revenue Service (IRS) to identify their US account holders and report them annually to the IRS.
  • Retail Distribution Review
    The Retail Distribution Review (RDR) is central to the FSA’s agenda of customer protection. It aims to drive structural change throughout the retail investments industry, in order to give consumers confidence that the advice they are given, and products they use, are best suited to their needs.
  • Mergers & acquisitions
    Over the last year, financial services organisations have been placed under unprecedented pressure, creating a situation where restructuring has become a critical issue.
  • Financial Crime
    Reducing financial crime is a key priority for regulators, authorities and governments globally. Over the last few years we have seen regulators such as the Financial Services Authority (FSA) take a tougher stance with financial institutions for breach of financial crime regulations.

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Our clients

Our experience of retail banking, capital markets, insurance and investment & wealth management has enabled us to work with many of the UK’s financial institutions. Our clients form the centre of our thinking, and by working in partnership with them we can provide fully integrated solutions to meet their needs.

Financial Services useful links

  • Meet the Financial Services team
  • In the press
  • Research & publications
  • Submit a request for proposal
  • Contact us

Highlights

  • Managing non-core assets
    Critical success factors for banks
  • Product governance
    The effect of regulatory initiatives on the UK market

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