Specialist bank acquires full regulatory status
The challenge
Our client required an independent review to move from conditional approval to fully regulated FCA status. The success of this move was pivotal to the bank’s securing further funding.
Our approach
- A full review of risk and operational policies, processes and documentation
- Benchmarked lending criteria against market standards
- New guidance and manuals for appropriate SMCRs
Our delivery
- We conducted risk policy GAP analysis
- We suggested and implemented process improvements
- We instigated new reporting tools
- Our onsite expert oversaw the entire process from start-up to full regulatory status
