Financial Services
Financial Services companies compete in a highly regulated
environment with a myriad of federal agencies including the
Office of the Comptroller of the Currency (OCC), Federal Reserve Board
(FRB), Federal Deposit Insurance Corporation (FDIC), Office of Thrift
Supervision (OTS) and the Federal Financial Institution Examiners
Council (FFIEC) that mandate policies, standards, and reporting
requirements to which chartered organizations must adhere.
Continuing to meet these legal and regulatory requirements
is costly and time consuming. Recent failures in corporate
governance and risk management by many financial services companies
suggests future examinations will be more strenuous, driving up the cost
to maintain compliance. The global economic crisis hit financial
services companies especially hard, and revenues are a fraction of what
they once were. It is clear firms will have to do more with less
if they want to maintain compliance and, more importantly, their
charters.
Our Governance, Risk, & Compliance experts assist
Financial Services clients maintain their compliance with legal and
regulatory requirements through periodic and on-going assessment
services. We also help firms achieve the most out of limited
information technology investment through our
Project, Program, &
Portfolio Management and
IT
Effectiveness service lines.