Delaying agreement on the target state business, finance, location or operating models may result in duplicative conversations with regulators and/or costly and overdue implementations.
Regulators in target locations want to be reassured that:
- Banks are seriously considering their jurisdiction
- The new entity or migration to existing entities will be implemented in a controlled manner
- Risk, control, and governance will be managed appropriately in the new or expanded entity
Experience tells us that regulators within the EU are asking for model documentation, data and further evidence to support implementation, which go beyond what is available “out of the box”. As such, risk-model sign-off based on existing models or current regulators may not be automatically achieved for the future state, and any such assumptions should be avoided.
WHAT CAN CAPCO OFFER?
THE CAPCO TOOLKIT
BREXIT Business Readiness Framework: Capco can help to perform a business unit level impact analysis across 9 dimensions
- Delivery Model
- Risk and Control
- Operating Model
- Infrastructure and Technology
- Operational Readiness
THE CAPCO ADVANTAGE
Capco’s TOM and Strategy practice
Capco offers a proven talent pool, capability and delivery record in successfully defining strategies and TOMs globally for the largest banks.
Capco Brexit BUILD (Business Unit Impact Lead Design)
Capco has created a framework that impact assesses business readiness for Brexit and provides the foundation for designing business strategy and TOM. This framework is flexible and tailored to the client’s needs.