05 October 2018 The new standard IFRS 9 on financial instruments has been effective starting...
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Strong presence in the UK
Our UK practice has demonstrable market presence with 21 partners dedicated to financial services, supported by over 200 professionals.
- Our asset management team’s experience comes from working with over 1,000 funds across the UK and Europe.
- We are the 5th largest auditor of banks in the UK and provide assurance and advisory services to a range of central, retail and investment banks.
- We have a 100 year history in the insurance market and today we work with over 200 companies across the insurance sector; 40% of the Top 10 insurers and subsidiaries*; 50% of the top 10 UK brokers*; and 60% of Lloyd’s syndicates.
*Based on latest rankings in Post Magazine and Insurance Times
For more information about our financial services capabilities please contact us.
The regulatory environment for asset management firms has intensified in recent years with a growing number of new regulations. Among these are the Markets in Financial Instruments Directive (MIFID 2), the Undertakings for Collective Investment in Transferable Securities (UCITS) directives and the Alternative Investment Fund Managers Directive (AIFMD). This deeper regulatory environment has placed an increased pressure on asset management entities to balance the rising cost of compliance alongside stakeholder expectations under a more transparent and robust approach to risk management.
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.
The intricate dynamics of the insurance industry create a challenging arena in which to operate. Combining this with enhanced regulation and continued pressure on solvency and capital adequacy means it is proving more important now than ever that FCA regulated entities adopt an effective approach to managing financial, operational and regulatory risk.