Increasing regulatory pressure

With rumours growing regarding the likelihood of a global system of financial regulation that will determine and shape the future of the sector, it is unsurprising that most major players are gearing themselves for a new regime of increased scrutiny and accountability.

Pressure to deliver against complex compliance standards within challenging timeframes is already a critical factor in the banking sector. But with the overlapping issues raised by regulations including Basel II, IFRS, Sarbanes Oxley and MIFID, taking a piecemeal approach to compliance is no longer an option. In a quest to avoid the formation of information ‘islands’, global banks are looking at a transformation that touches every aspect of their operations from IT and HR, through to specific operational strategies for integrated risk management.

How Williams Lea can help

We help our global banking clients reduce their risk and deal more effectively with their compliance challenges via the following methods:

• Process redesign and re-engineering delivers quick wins by leveraging expertise and experience of the latest compliance legislation to deliver process improvements for improved visibility, accountability and auditability
• Solutions deliver better customer response times and full auditability, thus protecting Banks from financial penalty or the threat of further reputation damage
• Williams Lea employ best-in-class technology to support solution performance
• Development of new and innovative solutions supports banking clients’ risk management requirements i.e. our approach to digital records management and information workflow has been designed to help clients reduce risk, increase audit and track information’s.
• Design of an integrated response to complex compliance requirements, results in a bespoke and holistic solution
• As well as outsourcing banking-wide back office processes with absolute confidence, clients benefit from division-specific support services that take total account of data and IP security

- Banking home
- Cost control and reduction
- Improved compliance and reduced risk
- Enhanced customer relationships and differentiation
- Global working practises