Our dedicated Financial Services team understands the financial services landscape and has allocated its experience and internal resources to respond timely and effectively to our client needs and expectations.

Grant Thornton provides local insight and global scale. Our team leverages the knowledge and expertise contained within Grant Thornton’s global office network to provide our clients with specifically designed innovative solutions to suit their needs.

Our services to banks and securities include:

Financial Advisory Services

We develop clear and innovative solutions to help our clients deal with the challenges they face and help them to evolve and prosper in a changing environment. Our team comprises experienced industry practitioners that provide a comprehensive suite of services that indicatively include the following:

  • M&A Advisory
  • RRF Specialized advisory
  • Financial Due Diligence
  • Valuations
  • Debt Advisory & Restructurings
  • Business Plan reviews
Portfolio Services

At Grant Thornton, our dedicated team supports our clients overcome the challenges and opportunities they face driven by changing market conditions and regulatory intervention while embracing experienced and innovative approach. Our deliverables are robust, well-structured and easily understood. Our core offerings comprise of:

  • Portfolio sales advisory
  • Portfolio Due Diligence & Pricing
  • Data cleansing, validation & quality enhancement
  • Cash Flow Modeling
  • IFRS 9 Collective Provisioning
Audit and Assurance services

We believe in adding value through the audit process by taking a business approach to the audit engagement. While our primary responsibility will be to conduct our audits in accordance with generally accepted auditing standards, we understand that our clients are seeking more than just an audit report – you are seeking a professional services provider.

Our customized assurance services will provide you with:

  • an approach that recognizes your strategic imperative,
  • a clearly defined audit strategy, developed in conjunction with you throughout the engagement, and
  • an audit plan which is right-sized, risk-focused and aligned with our auditing experience in this sector

Our audit and assurance services refer to the:

  • Audit of financial statements (annual/ interim, consolidated/ separate)
  • Initial Public Offering Assurance Services
  • Assurance services other than audit based on agreed upon procedures
  • Asset Quality Reviews on credit and/ or securities portfolios
  • IFRS valuations
  • Review of capital adequacy
Risk Services

Our Risk Management experts team brings a combination of regulatory, quantitative, qualitative and technology skills in order to support your organization to address, in a holistic manner, the prevailing challenges, risks and opportunities through the following services:

  • Asset Quality Reviews & On Site Inspection services
  • IRB, IFRS9 Risk modeling and frameworks
  • Stress Test advisory services
  • Climate Risk Modelling
  • Integration assessment with regulatory requirements and frameworks including operational resilience, ICAAP/ILAAP New products development, credit underwriting and dynamic risk management
  • Risk monitoring / internal controls digital transformation
  • Risk governance and culture
  • Data governance, data science, data quality, analytics & insights
  • Sustainability Risk Management
  • Other ad hoc, organization specific risk management related services
Operational Advisory Services

Grant Thornton's multi-disciplinary Financial Services team uses its deep knowledge of the sector to provide robust, independent and professional advice on today's most important issues. Our service range has been developed to meet client challenges across a range of topics and indicatively include the following:

  • Project Management Office (PMO) services
  • Business process simplification & optimization
  • Contract Management
  • Operational Improvement
  • Digital Transformation
  • Other Consulting Services
Internal audit and compliance Services

Financial services businesses operate in an increasingly complex and heavily regulated environment. Every day new rules are established and frameworks get updated. As the supervision of the sector has been significantly increased during the last two years and as reviews and inspections are been conducted by the Regulators more frequent than the past, our Financial Services expert team is capable to support you via several ways to ensure you comply with the changes of regulatory and to retain your overall regulatory compliance. We can support you through the provision of tailored, flexible and cost effective solutions:

  • Monitoring Trustee Services
  • Review of compliance regarding various frameworks such as: Internal Control System’s assessment, Anti-Money Laundering (AML) framework, Regulatory reporting, Markets in Financial Instruments Directive (MiFID)
  • Gap Analysis and holistic assessments regarding current and new frameworks compliance such as Foreign Account Tax Compliance Act (FATCA)/ Corporate Reporting Standard (CRS)/ Qualified Intermediary Agreement (QI/ Directive on Administrative Cooperation 6 (DAC 6)/ European Market Infrastructure Regulation (EMIR)/ Basel III
  • Corporate Governance and organizational structure assessment
  • Agreed upon procedures regarding the contribution to the ASE member’s Guarantee Fund
  • Outsourced internal audit, providing a comprehensive and best in class internal audit function
  • Co-source internal audit, supporting existing teams with the provision of subject matter experts
  • External Quality Assessments
  • Fraud and Forensics Investigations
  • Compliance consultancy in the frame of the preparation of a company internal regulation, policy or internal processes manual
Environmental, Social and Governance (ESG)

Grant Thornton, responding to the challenge of climate change and to the constant evolving ESG landscape, has a leading team focused on ESG financial services, developing and offering bespoke solutions to your needs.

  • Sustainability Reporting / Materiality Analysis
  • Non- Financial Reporting and Assurance
  • ESG Due Diligence
  • Green Bonds & Green Lending
  • ESG Rating / Performance suppors
  • Sustainability Strategy
Tax & Outsourcing Services

Globally, tax affairs are facing an increasing scrutiny and new regulations continuously emerge. Additionally, financial services organizations can transfer certain activities to third-parties in order to reduce cost and increase efficiencies.

Our tax and outsourcing services are related both to tax consulting and full outsourcing services which indicatively include the following:

  • Tax Consulting Services
  • Outsourcing Services
INSIGHTS

The Financial Services Insider | Issue 7

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