Banking

Our banking practice is led by a dedicated team of former regulators, industry executives and senior professionals with a wealth of knowledge and practical experience.

Since the start of the banking crisis, we have been heavily involved in helping leading global banks, regulators, central banks and governments navigate the web of regulatory, economic and political challenges currently facing our industry. Whilst we may not be able to predict what the future holds, we can ensure that the decisions you make are robust and deliver lasting results to you and your stakeholders.

In addition to the depth of experience offered by our advisory teams, we provide high quality external audit and assurance services to our clients, bringing to bear our industry expertise and dedication to client service.

Our five core dedicated banking service areas are:

Audit and assurance

Regulatory and compliance

Bank restructuring  

Finance and operational effectiveness  

Risk management

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Reg Watch

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Banking News

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Recent Banking Podcasts

Greg Simpson, Head of Banking UK at Mazars, sits downs with various banking experts from around the practice to discuss upcoming issues for overseas and challenger banks in areas such as accounting, finance and regulatory topics on the corporate agenda. Also discussed in these podcasts are what steps banks need to take to ensure that requirements are being met and what are the common issues banks face when implementing these changes.

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Brexit Watch: Countdown is on

11 March 2019 Following a majority vote against Theresa May’s Brexit deal on 15 January 2019, and with only 3 weeks until the proposed deadline of 29 March, financial services authorities in the UK and EU have been urgently preparing for an increasingly likely no-deal Brexit, announcing further transitional instruments and offering guidance to firms within the sector. Since our last article, several updates have been announced and further negotiations have taken place.

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Paving the way for IBOR transition

InterBank Offered Rates (IBORs) are used to determine the unsecured short-term funding cost in the interbank market for a combination of currencies, tenors and maturities. Behind the scenes they are used as an index for almost all financial instruments. However, mounting regulatory pressure in the wake of the 2008 financial crisis, the LIBOR scandal, UK Government and Financial Stability Board reviews means we are now on a path towards a reform of the basis of interest rate benchmarks and, ultimately, the loss of IBOR.

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PSD2 – what does it mean for you?

PSD2, the Payment Services Directive 2, came into force on 13 January 2018. What is it and together with Open Banking how will it change the payments landscape for corporate and retail banks…

PRA cross-firm review of COREP returns

As promised in 2016, the Prudential Regulation Authority (PRA) is now undertaking a cross-firm review of the completeness and accuracy of COREP returns. The first reviews are likely to focus on the 31 December 2016 returns and continue to the end of the year.

The new Brexit reality

In the early hours of this morning it became clear that the British people had voted to leave the EU. The implications of that decision are already being felt in the financial markets and all businesses operating in the financial services industry need to evaluate the implications of the decision on their business and future strategy. Perhaps more urgently, as the shockwaves of the decision are being felt across UK and EU financial markets, the impact on capital and liquidity needs to be quickly addressed.

Comments to HMRC on Personal Savings Allowance

At the last budget the UK Government announced a tax-free Personal Savings Allowance. It is designed to reduce the amount of tax payable on interest earned on savings by introducing an allowance of £1,000 (or £500 for higher rate tax payers). As part of the change in regulations, from April 2016 banks and building societies will stop deducting 20% income tax automatically from the interest earned on any non-ISA savings.

Related content

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Mobile Money in Africa : Promise and Perils

As part of our in-depth look at digital finance in partnership with the Economist Intelligence Unit, in this new article we explore how mobile money is driving Africa’s cashless future.

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Financial reporting by Iranian banks

Our 2016 survey analyses the financial reporting procedures of nine Iranian banks, where total assets are in excess of $1billion (IRR equivalent) and the annual report is prepared in English. Our findings show that there is a willingness by some banks to adopt greater transparency in their annual report but this is at an early stage with some banks more advanced than others.

Download pdf 1.19 MB

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