Situation
Our client, a leading global bank with its headquarters in the UK, was significantly impacted by this regulation and required assistance in translating the requirements into an implementable plan.
Actions
- Assess the regulatory requirements
- Draft a target operating model
- Implement design governance
Benefits
- The bank obtained an overview of the changes required to comply with the regulation
- Additionally, informed the regulators of the implementation approach along with their method of adhering to the ring-fencing principles
