At fscom, we pride ourselves on our unparalleled expertise within the UK banking sector, offering a suite of services that are integral to the smooth and compliant operation of businesses within this industry.

Our team includes former regulators from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), alongside seasoned experts from the banking sector.

Expertise that adds value

Our unique blend of experience positions us perfectly to provide insightful regulatory guidance and implement practical solutions that adhere to best practices and meet stringent regulatory requirements.


Our services

Edit Content

Mid-sized banks have faced challenges in recruiting for Prudential Risk Management, primarily due to the complexity of risks and the need for regulatory liaison experience. fscom offers an effective solution through access to a diverse range of experts who can provide second-line support across disciplines such as ICAAP, ILAAP, Recovery and Resolution Planning, Fire Drill exercises and Model Risk Management.

Benefits include:

  • Access to a range of specialised experts rather than hiring one generalist
  • Implementation of best practices from a wide range of banking environments
  • Shorter learning curve
  • No training burden
  • Minimised risk of unsuitable hires
Edit Content

fscom’s Governance Working Group, consisting of former PRA and FCA regulators, along with industry experts, provide critical support to senior management facing regulatory interventions.

Our services include:

  • SMF suitability assessments, interview training, and mock interviews
  • Advice on SMCR and governance structures
  • Assistance with board and committee structuring for banking applications
  • Board effectiveness reviews and training
  • Support through s.166 skilled person reviews
Edit Content

We offer robust audit and assurance services tailored to the banking sector, ensuring the effectiveness of governance structures and control systems.

Our services cover:

  • Banking license applications and mobilisation phase assurance
  • IT infrastructure
  • Outsourcing arrangements
  • Prudential and Conduct Risk Management
  • Anti-Money Laundering Procedures
Edit Content

Our experts leverage their regulatory and industry experience to enhance operational resilience within the banking sector, helping firms meet PRA and FCA requirements through:

  • Identification of key business services
  • Mapping of critical processes and resources
  • Definition of impact tolerances for service disruption
  • Scenario testing and vulnerability identification
Edit Content

In response to the FCA’s focus on consumer protection, especially amidst financial uncertainties, we assist firms in complying with regulatory expectations through:

  • Adherence to the Consumer Duty
  • CASS audits and advice
  • Policies for vulnerable customers
  • Financial promotions review and conduct of business advice
Edit Content

Our comprehensive approach to combating financial crime includes compliance monitoring, risk management, policy development, and advice on compliance with regulations regarding PEPs and sanctions.

Client success stories

Our expertise is demonstrated through our successful projects, including:

Get started today

If you are looking for a thorough, independent audit of your safeguarding arrangements by the leading experts in the industry, contact us today for a free initial consultation.

    fscom needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.