Business Cases

Banking Reform

The Banking Reform Act introduced by the Banking Commission requires Banks to adapt their structures, increase the standards of conduct, and Ring-fence the Wholesale and Retail Banking Operations. This requirement sets the bar quite high for banks, pushing them to quickly and react at all levels of the organization to avoid non-compliance sanctions by the regulator.

We suggest 4 clear actions as a result of this regulatory requirement:

  • Ensure Compliance: Liaise with the regulators to clearly understand the required change impacts
  • Review the internal Risk Governance models
  • Align the IT teams as the core of the change
  • Balance the regulatory change with the innovation investments

Despite the regulatory nature of banking reform, Banks are taking the opportunity to implement key cross-departmental changes in Governance, Control, Risk Management, as well as addressing Wholesale & Retail customers needs independently, both in price and quantity of lending.

Our experience in regulatory projects indicates that, if implemented correctly, our clients can significantly benefit from the regulatory changes, as an example:

  • Lowering Risks exposure
  • Increasing automated processes
  • Tailoring service to customer segments (Wholesale & Retail)
  • Improving customer data models
  • Establishing a robust mechanism to take risk-based decisions.
  • Enable proper data reconciliation systems which enable data traceability.

MBC provides business management advisory specialising in advisory, change, innovation and solutions. As a consulting firm, we partner with our clients to achieve their goals and visions through strategic and through the positioning of suitable candidates.

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