Regulatory Context

Recent unauthorized trading events across the capital markets industry have resulted in massive trading losses, unprecedented fines, heightened regulatory scrutiny and investor skepticism. In order to avoid future losses we believe banks will need to implement control programs that monitor and help prevent the execution of unauthorized transactions.

What this can mean for Capital Markets Companies

  • Increased spending on unexpected regulatory initiatives
  • Strategic spending de-prioritized in favor of required regulatory programs
  • Banks forced to evaluate product exit strategies as expense ratios climb
  • Growing numbers of risk / compliance staff requirements
  • Banks who haven’t yet experienced unauthorized trading incidents are now under similar scrutiny as those who have
  • Industry competition for skilled resources to do analysis and implementation work
  • Increased spending on services from auditors, consulting firms and technology vendors

Key Challenges from Accenture’s Point of View

Source: Accenture, February 2015
Where Accenture can help – Our View of Strategic Planning

Source: Accenture, February 2015
Where Accenture can help – Our View of Governance

Source: Accenture, February 2015
Where Accenture can help – Our View of Target Control Design and BAU

Source: Accenture, February 2015

Accenture’s Target Control Design Considerations Control Framework

Source: Accenture, February 2015


Newsletter Contacts:

Hamish Wynn
Janki A.Shah

Newsletter Authors:

Kyle Sullivan

Michael Palma

DISCLAIMER: This blog is intended for general informational purposes only, does not take into account the reader’s specific circumstances, may not reflect the most current developments, and is not intended to provide advice on specific circumstances. Accenture disclaims, to the fullest extent permitted by applicable law, all liability for the accuracy and completeness of the information in this blog and for any acts or omissions made based on such information. Accenture does not provide legal, regulatory, audit or tax advice. Readers are responsible for obtaining such advice from their own legal counsel or other licensed professional.
About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with approximately 319,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.

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