Compliance services

With an increase in regulations on the way, balancing compliance with competitiveness is bound to be a major challenge for you – as it will be for your competitors. But for many, regulations can also create new opportunities for growth.

 

Your challenges

Multiple drivers of change are at work in all industries. New regulation is rife in the financial sector: it is creating more-stringent capital and liquidity requirements (Basel III and Solvency II) and demanding greater transparency (and protection) for clients (e.g. the MiFID rules).

 

How PwC can help you

We make it easy for you to get the help you need in order to be compliant and transparent in addressing the challenges of GRC. Through two single points of contact you have access to our team of ‘hands-on’ specialists with practical experience in risk assurance. 

Authorisation for new business and products

We advise banks, insurance companies, mutual funds and other entities that fall under FSMA/NBB regulation on the requirements for setting up new entities (or devising new products).

Regulatory assistance and compliance checks

Our regulatory assistance involves assessing compliance with existing procedures, performing quick scans and gap analyses, assisting in reinforcing compliance teams, developing tailored remediation programmes, setting up monitoring processes and providing staff training or coaching programmes and ‘qualified intermediary’ audits.

We also provide legal assistance on post-MiFID matters, KYC, UCITS IV, FATCA, post-article 20 and 14 bis (“in control statements for banks and insurance companies”), etc.

 

Our credentials

Compliance Training: Bringing Expertise to Staff

We were asked to assist a Belgian bank provide compliance-training modules to all their staff and provide compliance expertise to staff in the compliance function. The training sessions have all been and cover the following topics:

  • Introduction to compliance
  • Know your customer and money-laundering
  • Market abuse and personal transactions
  • MiFID
  • Inducements
  • Privacy protection
  • Fraud