When dealing with a complex and constantly changing regulatory environment, one of your main challenges is to adhere to new regulatory requirements applicable to your activities. Failing to do so, results in ever greater reputational and business risk as well as, potentially, to financial fines. As such, Banks and PFS increasingly face the scrutiny of on-site inspections - may it be through internal or external audits, the group or the national competent authority. PwC can help you in gaining assurance in dealing with such inspections. Thanks to our expertise and knowledge of the banking and PFS industries, we can give you an overview of the most important regulatory topics. Making you aware of these matters, setting priorities and supporting you with what needs to be done will help you remain compliant and ready for on-site inspections.
Our assistance in the following aspects:
IT governance framework (i.e. IT strategy);
IT risks management framework (i.e. risk assessment, risk appetite and tolerance);
IT outsourcing management and oversight (including cloud computing)
Outsourcing service provider management (i.e. SLA, register, Service KPIs);
Information security management system (i.e. information security policy, testing);
Business continuity and crisis management measures, process and documentation (i.e. Business impact analysis and risk analysis, BC&DR plans;
How we can help: our deep dive approach
What we offer
We will provide you with advice so that you are suitably prepared for such an exercise. Based on our experience and interaction with the supervisory body, we will apply a risk-based approach for key issues.
Our support will be provided by regulatory experts who are able to consider business and operational impacts when assessing the regulatory challenges of your activities, your organisation and your processes.
We will be able to support you in a variety of ways, whether it be analysing your documents, identifying a gap or implementing a remediation plan.
Regulatory & Compliance Advisory Services - Banking - Partner, PwC Luxembourg
Tel: +352 49 48 48 2245
Regulatory & Compliance Advisory Services - Banking - Managing Director, PwC Luxembourg
Tel: +352 49 48 48 2469