EY Client Portal Library About us Newsroom Connect with us United States (English) Home Insights Industries Services Careers Alumni Home » Thought center webcasts > Financial Services > Banking & Capital Markets Disrupting financial crime Learn about our role in the industry’s fight against financial crime, providing technologies and strategies to navigate the risks. Disrupting financial crime A vision for platform-based banking Global banking outlook 2018 Payments newsletter: volume 18 Foreign governments step up anti-money laundering efforts Banking industry: rising above the ‘lost decade’ Overview About our Banking & Capital Markets services Advisory Assurance Tax Transactions Library Contacts Guiding an industry in transition Amid significant global regulatory reform, banks and securities firms are faced with numerous challenges and sweeping changes. How should banks' operating models evolve? Where are the greatest opportunities for growth? What is the most effective way to raise and manage capital? These are some of the questions banks are wrestling with as they seek to comply with new regulations while meeting the expectations of customers and shareholders for service, transparency and return-on-investment. We provide guidance in these key areas: Financial regulatory reform Global financial regulatory reform is daunting in its breadth and complexity. Our global network of advisory professionals offers an integration of regulatory and technical skills that sets us apart in advising and helping clients to achieve compliance and growth. To find solutions to your global regulatory challenges, visit our Global Regulatory Network. FINRA 4210 Implications of the Covered Agency Transactions Rule amendment Insights on regulatory reporting The global regulatory reform agenda continues to drive change in the finance function, as well as require finance and risk functions to address overlapping requirements. OCC's Final Guidance to Recovery Planning This guide was designed to help covered banks get started with recovery planning and prepare their inaugural plans for review by the OCC in 2017 and 2018. The guide describes action items that should be completed as part of the recovery planning process. 2017 CCAR/DFAST results The Federal Reserve Board (FRB) released this year’s Dodd-Frank Act stress testing (DFAST) and Comprehensive Capital Analysis and Review (CCAR) results on 3 February. DFAST and CCAR are complementary exercises conducted by the FRB to assess the quality of the capital planning processes of large bank holding companies (BHCs) and whether these BHCs have sufficient capital to absorb losses through stressed economic conditions. Cybersecurity requirements for financial services The New York State Department of Financial Services (DFS) is proposing new requirements relating to cybersecurity for all DFS-regulated entities. Unconventional Wisdom Banks that understand regulation and FinTech are on track for success, writes Anthony Caterino, EY Americas Financial Services Leader, in an article for Institutional Investor. 2016 CCAR/DFAST results The Federal Reserve Board (FRB) released this year’s Dodd-Frank Act stress testing (DFAST) and Comprehensive Capital Analysis and Review (CCAR) results on June 23, 2016 and June 29, 2016, respectively. DFAST and CCAR are complementary exercises conducted by the FRB to assess the quality of the capital planning processes of large bank holding companies (BHCs) and whether these BHCs have sufficient capital to absorb losses through stressed economic conditions. Incentive-based compensation arrangements rule Federal agencies re-proposed an incentive-based compensation rule in April 2016 and hope to finalize the rule by November 2016. Single counterparty credit limits (SCCL) for large banking organizations The Federal Reserve Board of Governors (FRB) approved a second notice of proposed rulemaking (“re-proposal”) to establish SCCL for large bank holding companies (BHCs). Comprehensive Capital Analysis Review (CCAR) 2016 The Federal Reserve Board recently released the supervisory scenarios for CCAR and Dodd-Frank Act stress test exercises to firms participating in CCAR. Some new features in the CCAR 2016 instructions warrant particular attention. Federal Reserve Board announces CCAR/DFAST results Get highlights of recent FRB results regarding the Comprehensive Capital Analysis and Review and Dodd-Frank Act stress testing, and see what's in store for 2016. Risk culture at the forefront of banking Take a closer look at the five themes that emerged from our study of risk management practices at 52 banks. Enhanced Prudential Standards for FBOs The Federal Reserve Board recently approved the final rule establishing Enhanced Prudential Standards for large Foreign Banking Organizations and US bank holding companies. Living wills for banks face new scrutiny In this article for ABA Banking Journal, Brian Boyle and Daniel Scrafford discuss steps banks can take to satisfy requirements around Dodd-Frank-mandated resolution plans. Banking risk management Risk management has taken on a new level of importance. Get up to speed on risk control practices and regulatory requirements. Impacts and Implementation of RESPA/TILA Aimed at simplifying the mortgage process and creating a more consumer-friendly experience, the changes in the mortgage origination process brought about by the Rule fundamentally alter lending operations. Taking a holistic approach to banking regulations While it is important to have adequate processes for each new regulation, it is also crucial to look at the regulatory environment as a whole. Margin policy for non-cleared OTC derivatives Proposed reforms will impose significant challenges across all functions of the collateral management life cycle. How can you prepare? Risk culture at the forefront of banking Take a closer look at the five themes that emerged from our study of risk management practices at 52 banks. Navigating swap dealer examinations The National Futures Association recently provided guidance and timing around the examination process for swap dealers. Learn what chief compliance officers can do to prepare. Social media risk management Our alert analyzes a proposal from the Federal Financial Institutions Examination Council and how that guidance can create a framework to handle social media-related risk. Building more effective risk appetite frameworks Banks need to move risk appetite plans from high-level statements to practical application. Learn the key attributes of an effective risk appetite framework. Banking risk management survey 2012 Learn how practices to manage enterprise-wide risk have evolved to meet global financial reform requirements, yet lack adequate integration and transparency. Do risk appetite frameworks go far enough? Some view the new frameworks as cornerstones of risk management and oversight; others doubt their effectiveness. Read insights from bank risk executives and board directors. Implications of Eurozone crisis What issues are complex global banks considering in their response to the Eurozone crisis? Tapestry Network's ViewPoints whitepaper summarizes the discussions from non-executive bank directors. Top and emerging risks for global banking Read how banks are responding to risks in funding and liquidity, regulatory changes, cybersecurity, other geopolitical risks and the general economic picture. Improving risk identification This ViewPoints paper summarizes three ways banks can identify emerging risks gathered from discussions with directors, CROs, regulators and banking professionals. Evolution of the CRO "CRO" may not be a new title in banking, but post-crisis challenges mean that responsibilities have grown considerably for this officer. Gain further insight into this role's challenges and which areas will be integral for success. What lies ahead on the bank risk governance journey? This report highlights the state of bank risk governance and upcoming priorities based on discussions with bank leadership, non-executive directors and senior regulators. Back to ERM basics for banking industry By reviewing risk fundamentals and establishing an empowered head of ERM, banks will create a more holistic view of risk across their organizations. The liquidity gap Solvency and liquidity are the core pillars of banking, but the financial crisis exposed weaknesses global financial services leaders now must work to fix. How global banking is fixing vulnerabilities Shoring up risk governance is top priority for banks amidst competing demands. Our risk governance survey provides perspective on what's next. Governance in banks Who's responsible for setting risk appetite? What role does the board play? Find out how risk governance at banks is evolving. Bank director’s summit 2015 recap The impact of regulation on bank structures, the need for agility in attracting investment, potential systemic risk stemming from reduced market liquidity, active investors and board-shareholder engagement were the key themes of this year’s summit. Non-executive directors and senior executives from the largest global banks were joined by regulators and investors. Navigating the new era of conduct supervision Conduct issues can affect profitability and tarnish the reputations of individual banks and the industry as a whole. Learn practical approaches for addressing conduct-related issues. Reforming bank culture: turning values into action Bank Directors Summit participants discuss the need to restore trust in the banking industry and the plan for radical changes to business models. Addressing cyber security as a human problem EY and Tapestry Networks convened a Bank Governance Leadership Network meeting to discuss cyber security. Learn about industry preparedness and ways to improve systems defenses. Five years on, uncertainty is the new normal Non-executive directors from many large global banks gathered for the annual Bank Governance Leadership Network summit to discuss the state of regulatory and internal reforms. Building more effective risk appetite frameworks Banks need to move risk appetite plans from high-level statements to practical application. Learn the key attributes of an effective risk appetite framework. Transitioning to materially different business models BGLN members convened in May and June to discuss the future of banking. The major theme to emerge was the need to evolve business models and establish a “new normal.” US consumer protection As US consumer protection evolves, a mutually beneficial model for consumers, regulators, and banks can be developed. Strengthening board-supervisor relationships Practical steps can help supervisors and directors establish trust-based relationships and focus on core issues. Real-world perspectives on bank governance Get insights from global bank directors and regulators in the Bank Governance Leadership Network. G30 report: a call-to-action on bank governance We highlight specific G30 recommendations for each group involved in the governance process: the board of directors, management, supervisor and shareholders. What does increased supervision mean for banks? Find out how bank supervisors implement enhanced supervision, determine the appropriate level of intensity for banks and how they choose to influence strategic decisions. Global banks adapt to uncertain economics and regulations Members of the Bank Governance Leadership Network agree that better dialogue among senior supervisors, C-suite executives and directors is essential. Read about other approaches. Implications of Eurozone crisis What issues are complex global banks considering in their response to the Eurozone crisis? Tapestry Network's ViewPoints whitepaper summarizes the discussions from non-executive bank directors. Banks adapt to uncertain economics and regulations Members of the Bank Governance Leadership Network share their outlook for global economic and financial regulatory reform. The changing shape of European banking regulation New regulatory structures are emerging to better oversee financial institutions and system-wide risks across Europe. Non-executive directors from leading global banks discuss the implications. Emerging markets Microfinance and women's empowerment What do we know about the potential — and limits — of microfinance for closing the gender gap worldwide? Future directions for foreign banks in China With significant initiatives such as Renminbi internationalization and opening up the capital account, foreign banks in China are on the cusp of a new era. Banking in emerging markets Our look at 10 rapid-growth markets (RGMs) reveals substantial optimism as increasing affluence in under-penetrated banking markets drives demand for more financial products and services. Insights from four rapid-growth markets (video series) Steven Lewis, a Director at EY and the Global Banking & Capital Markets Lead Analyst, spoke with bankers in Indonesia, Malaysia, Turkey and Vietnam to understand their opportunities and challenges. World Islamic Banking Competitiveness Report 2013–14 Bahrain and six rapid-growth markets (Qatar, Indonesia, Saudi Arabia, Malaysia, UAE and Turkey) will drive the next wave in Islamic finance. Banking performance improvement Get insights on core management and business processes, and how to set the stage for future growth. Real-time payments strategy How are faster payments transforming the payments industry? Technology disruption and the future of wholesale banking By establishing a foundation for innovation, wholesale banks can fend off the competitive threat posed by FinTech start-ups and set the pace for ongoing success. Transforming Banking: A refocus on growth and efficiency in the digital area Banks need to prepare for the changes associated with transforming key strategic and foundational aspects of their business and operating models. Wholesale banks’ balancing act Market volatility and regulatory reforms have forced changes in how corporations manage banking relationships, leading banks to respond with a significant focus on regulatory remediation and efficiency. Payments — the new player domain Even the most basic understanding of how a payment moves between customers requires an end-to-end focus. The state of automotive finance As the auto finance market nears full recovery, new risks threaten its continued success and profitability. Navigating challenges in the credit card industry Learn how to improve the full lifecycle of card and payment activities, including acquirer, merchant and issuer processing. Are you prepared for EMV? EMV (Europay, MasterCard and Visa) is an emerging global standard for credit and debit cards. We explore EMV migration and how issuers are preparing. The upside of compliance Savvy firms use compliance requirements as an opportunity to better understand their customers and drive new revenue, says EY's Steven Lewis in Retail Banker International. Global banks adapt to uncertain economics and regulations Members of the Bank Governance Leadership Network agree that better dialogue among senior supervisors, C-suite executives and directors is essential. Read about other approaches. Implications of Eurozone crisis What issues are complex global banks considering in their response to the Eurozone crisis? Tapestry Network's ViewPoints whitepaper summarizes the discussions from non-executive bank directors. Bank directors discuss industry challenges Members of the Bank Governance Leadership Network share their perspectives on new regulatory regimes and the implications for large global banks. The changing shape of European banking regulation New regulatory structures are emerging to better oversee financial institutions and system-wide risks across Europe. Non-executive directors from leading global banks discuss the implications. Bank reporting Heightened levels of professional skepticism and executive involvement are needed in today's environment. Read our candid perspectives. Key themes from 4Q 2016 earnings calls US banks outperformed their European counterparts in 4Q 2016, but full-year results reflect the weak start to 2016. Leases re-exposed: the impact on banks A revised exposure draft proposing a new accounting model for leases is one of the most significant changes in accounting currently being developed. Financial Transaction Tax implications for banks What should financial institutions be doing with regard to Financial Transactions Tax (FTT)? Learn about the status of the EU Commission's draft directive on FTT. International GAAP® illustrative financial statements We walk you through a practical working model of consolidated financial statements prepared in accordance with International Financial Reporting Standards. The new FASB and IASB impairment model: US financial institutions weigh in Read our survey of credit risk and accounting policy personnel at 14 different financial institutions of various sizes from community banks to very large national banks. Federal Reserve: bank regulatory reporting survey Use our bank regulatory reporting benchmark survey to compare your organization to the current practices of RRDs against plans extending through 2015. International GAAP banking financial statements We walk you through a practical working model of consolidated financial statements prepared in accordance with International Financial Reporting Standards. Dodd-Frank: seven implications for banks While the Dodd-Frank Act passed by US lawmakers contains few explicit tax sections, its provisions may have significant tax implications for financial institutions. Growth in banking With tightened margins and an uncertain landscape, where will banks turn for new growth? We point out the progress and pitfalls of redefining their business. Foreign Exchange: leading drastic change at banks Market tremors from the FX-fixing scandal and subsequent probe have been a critical catalyst for major changes at investment banks. FinTech adoption index With financial technology use growing dramatically, we surveyed 10,000 digitally active people to see what’s driving adoption. Transforming banking: Global Banking Outlook Global megatrends, stakeholder pressure and lackluster economic growth will drive both evolution and revolution for banks over the next decade. US securitization market re-emerging The structured finance market is beginning to rebound, thanks in part to reduced uncertainty around regulatory reform. Transforming banks, redefining banking Our Global banking outlook 2014-15 identifies five unstoppable forces remaking the industry and four responses banks are using to manage the changes. The next generation of financial advisors Demographic shifts are simultaneously increasing the demand for investment services and thinning the ranks of qualified financial advisors. Learn six strategies to fill this gap. The upside of compliance Savvy firms use compliance requirements as an opportunity to better understand their customers and drive new revenue, says EY's Steven Lewis in Retail Banker International. Global financial services transaction monitor In the first half of 2013, transaction activity continued to decline, with both deal volumes and disclosed value at their lowest level since 2010. Banking in emerging markets Our look at 10 rapid-growth markets (RGMs) reveals substantial optimism as increasing affluence in under-penetrated banking markets drives demand for more financial products and services. International GAAP® illustrative financial statements We walk you through a practical working model of consolidated financial statements prepared in accordance with International Financial Reporting Standards. The new FASB and IASB impairment model: US financial institutions weigh in Read our survey of credit risk and accounting policy personnel at 14 different financial institutions of various sizes from community banks to very large national banks. Federal Reserve: bank regulatory reporting survey Use our bank regulatory reporting benchmark survey to compare your organization to the current practices of RRDs against plans extending through 2015. International GAAP banking financial statements We walk you through a practical working model of consolidated financial statements prepared in accordance with International Financial Reporting Standards. Dodd-Frank: seven implications for banks While the Dodd-Frank Act passed by US lawmakers contains few explicit tax sections, its provisions may have significant tax implications for financial institutions. Tips for working with borrowers in trouble In the midst of rising debt volumes, we offer tips to help lenders and servicers achieve timely and successful resolutions. Contact us Contact a member of our global team. Connect with us Stay connected with us through social media, email alerts or webcasts. GARP Risk Podcast: The State of Financial Crime EY Center for Board Matters Federal Reserve Board Corporate Governance Proposal Global banking outlook 2018 View our latest capital markets insights. Managing financial crime risk and AML processes with technology GARP podcast EY's Mark Watson discusses key themes from our eighth annual EY/IIF global risk management survey with Editor Jeff Cutler in a recent GARP podcast. Global financial regulatory reform Privacy Privacy Shield BCR Accessibility Legal Global Code of Conduct Site map Our locations Contact us EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.