Regulatory Advisory and Support Services

IndustriesFinancial ServicesBanking

Regulatory Advisory and Support Services

Regulatory advisory and audit-related support services for banks, payment service providers, investment firms, FinTechs and digital asset businesses. From CRR/CRD, BWG and WAG to ICAAP/ILAAP, DORA and MiCAR, as well as internal audit, governance, risk management and regulatory transformation projects.

The regulatory framework for banks and financial services providers continues to evolve. New European and national requirements, increasing digitalisation, heightened expectations from supervisory authorities, and emerging business models in the areas of FinTech, payments and digital assets are significantly increasing the complexity faced by financial institutions.

At the same time, regulatory requirements must be implemented efficiently without compromising agility, commercial viability or client focus.

The range of topics extends from traditional areas such as governance, risk management and regulatory reporting to emerging challenges relating to DORA, sustainability, operational resilience and MiCAR.

Our Financial Services team supports banks, branches, investment firms, payment and e-money institutions, as well as other financial services providers in addressing these challenges. We combine deep regulatory expertise with many years of experience in audit and advisory services, complemented by practical know-how in the fields of FinTech, payments and digital assets.

Our Approach

Regulation is not an end in itself for us. Rather, it forms the foundation for robust corporate governance, sustainable growth and resilient business models. Our objective is to translate regulatory requirements into practical processes, effective controls and efficient governance structures, applying a risk-based and pragmatic approach tailored to the size, business model and complexity of each institution.

Our Financial Services team combines many years of experience in audit, regulatory advisory and risk management with practical expertise in the areas of banking, payments, FinTech and digital assets. This enables us to understand not only regulatory requirements but also the practical challenges associated with their implementation.

We support banks, branches, investment firms, payment and e-money institutions, as well as innovative financial services providers throughout regulatory transformation processes, from analysing new requirements and designing and implementing solutions to the ongoing enhancement of governance, risk and control systems.

In doing so, we draw on specialists from Audit, Tax, Sustainability, and IT & Risk Advisory, combining local market insight with the resources of the international Forvis Mazars network. This allows us to deliver solutions that meet regulatory requirements while simultaneously supporting our clients’ strategic objectives.

All advisory services are provided in compliance with applicable professional and independence requirements. Where we also act as statutory auditor for a client, we carefully assess and agree the scope of services in advance and ensure full compliance with the relevant independence regulations.

 

Our Services

Regulatory Advisory Services

  • Advice on capital adequacy, large exposure and liquidity requirements (LCR/NSFR), as well as governance and organisational requirements under the CRR/CRD framework and the Austrian Banking Act (BWG)
  • ICAAP/ILAAP, risk-bearing capacity frameworks and preparation for the Supervisory Review and Evaluation Process (SREP)
  • Enterprise-wide risk management, including ESG and sustainability risks
  • Recovery planning in accordance with the Austrian Recovery and Resolution Act (BaSAG), as well as support with recovery and resolution matters
  • Support with regulatory reporting requirements
  • Assistance with authorisation and licensing procedures for credit institutions, investment firms, payment institutions, e-money institutions and crypto-asset service providers (CASPs)
  • Anti-money laundering (AML) and compliance services under the Austrian Financial Markets Anti-Money Laundering Act (FM-GwG), including gap analyses, risk assessments and process design and implementation

Risk Management & Governance

  • Design, enhancement and validation of methodologies for credit, market, liquidity and operational risk management
  • Support in relation to IFRS 9 expected credit loss (ECL) models, including model validation and backtesting
  • Integration of ESG and climate-related risks into risk management frameworks
  • Analysis, implementation and optimisation of governance structures
  • Subject-matter support for regulatory transformation and implementation projects

Internal Control System (ICS) & Internal Audit

  • Analysis, design and optimisation of Internal Control Systems (ICS)
  • Outsourcing of the internal audit function in accordance with regulatory requirements
  • Co-sourcing arrangements and specialist support for individual internal audit engagements
  • Quality assessments of the internal audit function in line with recognised professional standards (e.g. those issued by the Institute of Internal Auditors (IIA))
  • Training sessions and workshops on regulatory and supervisory topics, including Fit & Proper requirements, ESG and DORA regulations

Digitalisation, DORA & IT

  • Implementation of regulatory requirements under the Digital Operational Resilience Act (DORA)
  • ICT risk management and digital operational resilience
  • Third-party and outsourcing risk management
  • IT governance, cybersecurity and IT compliance
  • Data quality management and tooling for regulatory reporting and risk management
  • Support for IT transformation and migration projects

FinTech, Payments & Digital Assets

  • Advisory services on business models at the intersection of banking, payments and FinTech
  • Support for crypto-asset service providers in licensing and implementation projects under MiCAR
  • Regulatory analysis of new business models and products
  • Assistance with the implementation of regulatory requirements relating to digital assets
  • Support for market participants in growth, transformation and internationalisation initiatives

Want to know more?

Director Forvis Mazars IT Services GmbH Andreas Bachinger
Andreas Bachinger Director Forvis Mazars IT Services GmbH - Vienna

Detailed profile

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