Regulatory and compliance

Regulatory and compliance

During the last decade, regulation has developed and evolved at an unprecedented rate. The requirements of regulatory bodies have become more and more challenging and complex, placing increasing demands on management. This trend is likely to continue during the current decade and beyond. 

Regulation and compliance is a specialised unit within BDO Financial Services, concentrating on the legislative and regulatory environment. Our experienced team combines deep expertise in regulatory affairs to provide tailored insights and solutions. Our team is driven and extremely passionate about delivering exceptional client service, whilst maintaining - and holding ourselves accountable to - the highest levels of public trust, integrity and quality. 

The services provided by the Regulation and compliance unit include:

  • Training 
  • Regulatory audits
  • Internal audit support
  • Gap analysis / assessments
  • Remediation / implementation 
  • Digital transformation / new technology adoption

Within the regulatory landscape, these are applied across the following:

Governance

  • BCBS principles on corporate governance
  • King
  • OECD Corporate governance factbook

Banks Act reporting

  • Automation of BA returns
  • Basel III post-crisis reform
  • ICAAP / ILAAP
  • Public disclosure

Supervision

  • BCBS 239 / Data risk
  • Exchange control regulation
  • FSCA regulation
  • National credit regulator
  • Consumer protection act
  • Payment association of South Africa (PASA)
  • Licence applications

Structural change

  • Recovery and resolution planning
  • Business continuity
  • Operational resilience

Customers

  • Market conduct
  • Protection of personal information (POPI)
  • Treating customers fairly (TCF)
  • Corporation for deposit insurance (CODI)

Financial crime

  • Anti-money laundering (AML)
  • FICA reporting
  • Sanctions

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