Financial services firms are expected to provide frequent updates to their regulators, clients and investors regarding the adequacy of the firm’s internal controls and safeguards in relation to data, assets managed or held and valuations.
Additionally, financial services firms are coming under increased pressure to undergo independent monitoring and are expected to demonstrate transparency over the controls in place for mitigating risks that impact their business.
A strong control environment helps to formalise processes, mitigate risks and vulnerabilities and achieve operational efficiencies and improvements. This environment ultimately acts as a sound foundation for dealing with future growth and with common industry and unique entity issues.
Our team has a range of experience and expertise in providing outsourced assurance on regulatory compliance. We can help in the following ways: