One of the largest contributors to and often acknowledged as the backbone of the UK economy, the banking sector plays a crucial role in world-wide economic success. Entrusted with safeguarding trillions worth of assets and supplying credit to retail and professional clients alike, continued compliance with laws and regulations is vital.

This sector, however, is caught by multiple different regulatory frameworks and requirements, posing complex challenges and major overlaps into other regulated sectors.  

Whether you are applying for authorisation, or are an overseas banking services provider seeking to enter the UK regulated market, at Complyport we are able to utilise our specialist knowledge and experience of compliance, regulation, and risk management to offer clients the opportunity to navigate the increasingly complex regulatory environment. 

How Complyport can help?

Our experienced team closely monitor the regulatory landscape and help our clients to maintain the highest levels of regulatory compliance with support for: 

• Banks 
• Building Societies 
• Friendly Societies 
• Charities 
• Credit Unions 

Our retail financial services offering includes: 

• Ensuring that robust financial crime prevention controls are in place. 
• Establishing solid anti-market abuse mechanisms and controls. 
• Identifying specific risks relevant to regulated activities, such as accepting and handling client deposits, wealth management, mortgage lending, consumer credit or investment services. 
• Creation of a firm-wide regulatory risk framework that aligns with the relevant client’s business model and risk appetite. 
• Establishing solid operational resilience. 
• Authorisation and assessment of senior management roles, certified to provide retail financial services. 
• Comprehensive assessment and documentation of compliance with Consumer Duty rules. 
• Delivering training in person or virtually to staff and senior management to satisfy the FCA’s training requirements. 
• Ongoing advisory services for ad-hoc questions or queries that may arise in the natural course of business.