Financial Services
Financial services organisations are striving to grow and enhance shareholder value. The winners will be companies that can turn challenges into opportunities to build stronger customer relationships; improve process efficiency; unlock talent; use improved risk management processes to deliver more sustainable returns; and use new regulatory demands, such as Sarbanes-Oxley, as a catalyst for strengthening the business and enhancing market confidence.
The PricewaterhouseCoopers Middle East Financial Services Industry Group is a regional business advisory, audit and tax practice that can help your organisation turn challenges into opportunities. We provide audit, technical accounting, tax, regulatory, compliance, risk management, outsourcing, securities processing, payments, information risk and security, data quality, M&A, and other services.
As the financial services industry continues to consolidate, our integrated knowledge helps us design and implement solutions that work.
FS Regulatory Advisory Services
Regulators across the Middle East are faced with greater challenges against the backdrop of the sizeable growth in the financial sector and capital markets. Financial soundness and stability of the financial sector in the respective territories is now a key priority. Cost effective regulation and risk based supervision are imperative for regulators in these expanding markets characterised by high liquidity, new entrants, ambitious growth plans of the market players, product innovation, borderless banking, and new technology.
On the other hand, the regulators and most regional central banks, insurance supervisors and capital market authorities are also under great pressure in the face of WTO accession initiatives, IMF financial sector assessment programmes and a changing regulatory landscape globally. The GCC has yet another item in its agenda – the impending monetary union. Prior to the monetary union, several regulatory and supervisory framework building measures will need to be in place.
PricewaterhouseCoopers in the Middle East has acted as an adviser to regulators and central banks in the region. Risk based supervision, Rulebooks, Basel II, onsite and offsite surveillance systems, training for supervisors, benchmarking corporate governance and risk management practices to meet regulatory expectations are some examples of our recent work for regulators.
How PwC can help
PricewaterhouseCoopers has a network of specialists who can help financial services organizations turn challenges into opportunities.
