In times when soundbites dominate the headlines, it is often difficult to discern real risk from political froth. Large-scale change has resulted in demands for greater transparency in the banking industry and created deep uncertainties in local and global markets. As a result, the banking industry was forced to address key weaknesses and answer questions about liquidity, risk management and lending capability, as well as how it treats its customers.

 

Many institutions struggled to survive and are focused on building confidence with customers and planning ahead for new challenges. BDO has one of the largest banking audit practices outside of the Big Four. We provide non-statutory audit services to a wide range of clients, including leading national financial institutions and global banks, smaller regional banks, as well as new entrants such as challenger banks.

 

We are experienced in advising on the regulatory, accounting, valuation, systems and control issues facing clients in the retail and wholesale banking industries, as well as other businesses in retail finance, such as consumer credit companies, card issuers, e-money services providers, peer-to-peer lenders and platforms, debt management companies and fintechs.

 

Our expertise includes:

• Audit and tax assurance
• Regulatory advisory services
• Advice on obtaining regulatory approval for changes
• Tax structuring advice
• Banking license applications
• Due diligence on foreign-owned banks
• Fully outsourced and co-sourced internal audit services
• Systems and control manuals
• Post-implementation systems reviews
• Valuations of financial investments
• IFRS accounting
• DORA Compliance Services
• Advice on all aspects of financial instrument standards
• Risk Advisory services

 

Our industry leaders remain at the forefront of the conversation, whether by working in the field with clients, participating on regulatory committees, authoring articles on the latest regulations, or speaking at industry conferences.

 

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