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Nexia Ebner Stolz

Economic Sectors

Management and regulatory consulting

An institution isn’t always large enough to cover all forms of services on its own. Using outside skills and capacity here can contribute significantly toward conserving the institution’s own resources, as well as helping assure quality.

We offer:

Management and regulatory consulting© Thinkstock
  • Out­sour­cing of inter­nal audi­ting, regu­latory repor­ting, finan­cial acco­un­ting, and legal issues, on a com­p­lete or par­tial basis
  • Advi­sing on set­ting up plan­ning and con­trol­ling
  • Pre­pa­ring app­li­ca­ti­ons for per­mits and for per­mit expan­si­ons
  • Quick Checks – Iden­ti­fying poten­tial for impro­ve­ment in pro­ces­ses of inter­nal audi­ting and risk mana­ge­ment, such as the imp­le­men­ta­tion of the new Mini­mum Risk Mana­ge­ment Requi­re­ments that took effect on January 1, 2013. 
  • Assess­ment (on an audit basis) of rating con­cepts

Inter­nal audi­ting that is inde­pen­dent of an insti­tu­tion’s own pro­ces­ses is indi­s­pensa­ble in the finan­cial ser­vices indu­s­try. Addi­tio­nally, in the Mini­mum Risk Mana­ge­ment Requi­re­ments, the Federal Finan­cial Super­vi­sory Aut­ho­rity (BaFin) has laid down spe­ci­fic requi­re­ments for the orga­niza­tion and wor­king pro­ce­du­res of inter­nal audi­ting. It’s com­mon practice to out­source all or part of inter­nal audi­ting – depen­ding on the insti­tu­tion’s size – to audi­tors who spe­cia­lize in the field. Cor­po­rate mana­ge­ment gets added value when it can make use of high-per­for­mance audi­ting that pro­vi­des risk-ori­en­ted over­sight and broad expe­ri­ence.

Anyone who wants to pro­vide finan­cial ser­vices in Ger­many must have a per­mit from BaFin. The app­li­ca­tion for the per­mit must also include com­p­lete busi­ness plans and orga­niza­tio­nal prin­ci­p­les. As a part of the furt­her regu­la­tion of capi­tal mar­kets, the Invest­ments Code pro­vi­des that fund mana­ge­ment by invest­ment mana­ge­ment com­pa­nies, for­merly unre­gu­la­ted, will also be sub­ject to per­mits by July 22, 2014. Per­mit requi­re­ments vary depen­ding on the invest­ment assets being mana­ged. An ent­i­rely new list of obli­ga­ti­ons will apply to com­pa­nies mana­ging clo­sed-end assets. They will need to adjust their pro­ce­du­res and struc­tu­res in time to meet the new requi­re­ments. We’ll be happy to pre­pare the app­li­ca­ti­ons for you or with you.

The new Mini­mum Risk Mana­ge­ment Requi­re­ments relea­sed in Decem­ber 2012 require insti­tu­ti­ons to imp­le­ment a capi­tal plan­ning pro­cess, and to rein­force their orga­niza­ti­ons for the spe­cial func­ti­ons of risk con­trol­ling and com­p­li­ance. Pro­ces­ses and orga­niza­ti­ons must be deve­lo­ped furt­her by the end of 2013.

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