Business advisory expertise for the Financial Services (FS) sector
We have a depth of knowledge accumulated from our experience when working with Financial Services (FS) dual and solo regulated firms. This extends from our work with deposit-taking institutions (including non-systemic banks, building societies and credit unions), P2P lenders, pension providers, to funeral and cremation plan providers, SIPPs and IFA network providers. In addition, our team has been engaged on a number of high-profile cryptocurrency cases.
Our multi-disciplinary team of senior specialists blends a strong background in financial advisory, restructuring, special situations and regulatory expertise to deliver actionable results. We complement this with unrivalled experience in working with the key regulatory stakeholders in respect of regulated businesses.
Our expertise includes supporting Financial Services firms when dealing with the challenges when faced with cashflow difficulties; creditor pressure; working capital shortfalls; adverse trading conditions and fraud, amongst others.
Our Financial Services sector expertise
Our FS team has unrivalled experience working with regulated firms and harnesses the knowledge of our FS focussed senior colleagues. It is headed by Managing Director Dina Devalia who works exclusively with regulated businesses. Dina is both a licensed and qualified restructuring professional, as well as a leading regulatory specialist, having spent ten years of her career at the Financial Services Authority (predecessor to the FCA). Since 2012, Dina has specialised in advising deposit-taking institutions, including credit unions and building societies, when facing challenging trading conditions, insolvency and regulatory issues
Depth of experience
We have expertise in assisting FS firms facing challenging trading conditions or insolvency, and regulatory issues including capital requirements, Senior Managers Regime, Single Customer View (SCV) file preparation, Wind-Down Planning (WDP), CASS Rules, PSR/EMI Safeguarding Rules, and Solvent Exits. We are known for our ability to deliver results, which are often achieved under challenging circumstances including:
Our approach is hands-on, and we work closely with the Board, employees, volunteers and the regulatory stakeholders to ensure all regulatory requirements are complied with during the Administration process.
In any pre-Administration period, we work with the regulatory stakeholders to ensure that the vulnerable members’ strategy is revised and agreed beforehand with the FCA. This work also covers the necessary review and revisions to ensure the credit union’s single customer view file is complete and agreed with the FSCS.
Preparation for this work involves on-site attendance to plan for the orderly wind-down process to deal with member enquiries and assist vulnerable members to take appropriate steps to find alternative banking facilities.
We work alongside the trade bodies, volunteers, the board and its staff to facilitate and ensure the orderly wind-down of the firm.
Our services include:
Download our brochure to see how we can support you. Read about our Financial Services sector expertise and see examples of work undertaken by our team.
The brochure covers our services for:
Our multi-disciplinary team of senior specialists blends a strong background in financial advisory, restructuring, special situations and regulatory expertise to deliver actionable results. We complement this with unrivalled experience of working in conjunction with the key regulatory stakeholders.
Our multi-disciplinary team of senior specialists blends strong backgrounds in financial advisory, restructuring, special situations and regulatory expertise complemented by unrivalled experience in working with the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Financial Services Compensation Scheme (FSCS). We deliver credible outcomes to consumers and creditors, often under the most challenging of circumstances.
Quantuma has worked with many Professional Practice advisers on numerous assignments and has developed strong working relationships with these external colleagues.
If you would like more information, please contact our FS specialists:
Dina Devalia
Managing Director
T: +44 (0)20 3872 8342
M: +44 (0)7557 419 361
E: dina.devalia@quantuma.com
Brian Burke
Managing Director
T: +44 (0)20 3856 6720
M: +44 (0)7464 545 265
E: brian.burke@quantuma.com
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