Direct support to your 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 support 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 predicate tax offences;
- Payment services regulatory framework (PSD2, PAD and SEPA);
- Prevention and management of conflicts of interests;
- Professional ethics and fraud.
Other regulatory matters (professional secrecy, cross-border activities, approval process for new products/services, client complaints, 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 support to the compliance function
- Support for ad hoc compliance projects and dutie
Providing support 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
- For more information about the compliance function, please access this page
Support for ad hoc compliance projects and dutie
- 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 support 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 support 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.
