The recent publication of the Independent Commission on Banking has identified the need for banks to “ring fence” services.
In developing their models, banks need to strike a balance between the desires or regulators and the need for commercially viable solutions.
Will this force banks to break up their shared services and sacrifice the savings? How can banks balance operational efficiency and entity self-sufficiency?
The medium and long term impacts of resolution planning are so profound they need to be considered now. The ‘wait and see’ approach is likely to be more costly in the long run and may place a bank at a significant competitive disadvantage.
PwC bring together skills in global operating model transformation, complex programme delivery, regulatory advice and technical tax considerations.
Our unique insights gained as administrators of failed banks will help banks with recovery and resolution planning as part of a wider sustainable strategy.