Assistance to Compliance function

Regulatory framework

The Chief Compliance Officer and the compliance function at Banks and PFS are bombarded with an ever growing number of regulatory requirements. As a result, numerous highly distinctive topics need to be treated on a daily basis - reaching from AML, MiFID II monitoring, regulatory reporting (a.o MiFID reporting, EMIR, CSDR) to governance and tax topics (FATCA, QI, CRS). At the same time, the impact of non-compliance is increasing. Thanks to our expertise and knowledge of the banking and PFS industries, we can provide your compliance function with assistance to anticipate, identify and assess the compliance risks of your institution, help mitigate these risks and ensure that you remain compliant with any up-coming regulatory requirements.

Regulatory matters

The compliance function is involved in matters related to the following:

AML/CFT including tax aspects
MiFID II/MiFIR
Regulatory reporting (MiFIR, EMIR, CSDR, etc.)
Market Abuse Directive/Market Abuse Regulation (MAD/MAR)

Other regulatory matters (professional secrecy, cross-border activities, approval process for new products/services, client complaints, conduct, GDPR, FATCA/CRS etc.) also fall within the scope of the compliance function.

How do you deal with these matters in relation to internal governance, oversight, your compliance-monitoring plan, etc.?

A combination of 2 different offers for supporting your Compliance function

Let's have a talk with you to discuss your approach, market practice and existing or future regulatory matters so that you can:

Competently act as an adviser with all stakeholders
Improve your internal governance and second line of defence

Providing assistance to the compliance function

Enhancement of your second line of defence
Provision of dedicated experts on MiFID II, AML, regulatory reporting (MiFIR, EMIR, CSDR, etc.)
Provision of a regulatory watch
Preparation of reports to be submitted to the authorised management, the Group or the regulator

Support for ad hoc compliance projects and duties

Compliance risk assessment
Drafting/review of your compliance-monitoring plan
Drafting/review of your internal procedures
Gap analysis (on existing or new regulations)
Implementation of a remediation plan
Analysis of the operational effectiveness of your internal processes
Personalised training/coaching on regulatory matters
Dedicated helpline on regulatory matters
Preparation for regulator visits/inquiries

What we offer

Expertise

Our assistance will be given by regulatory experts who are able to consider business and operational impacts when assessing the regulatory challenges on your activities, your organisation and your processes.

Multi-skilled staff

We can support you in a variety of ways, from designing controls to reviewing procedures and processes regarding various compliance topics.

Network

Thanks to the PwC network, we can assist you with cross-border matters and country-specific issues. Furthermore, you can benefit from our exchanges with national and European authorities regarding current and future regulatory issues.

Contact us

Cécile Liégeois

Regulatory & Compliance Advisory Services - Banking - Partner, PwC Luxembourg

Tel: +352 49 48 48 2245

Isabelle Melcion-Richard

Regulatory & Compliance Advisory Services - Banking - Director, PwC Luxembourg

Tel: +352 49 48 48 2469

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