Financial services

The financial services sector is evolving rapidly, driven by new regulations, digital transformation and changing customer expectations. At Forvis Mazars, we help banks, asset managers, insurance companies and other financial institutions navigate change with confidence and a long-term perspective.

We provide audit, tax and advisory services backed by deep industry expertise and access to our global network of specialists. By working closely with our clients, we develop a thorough understanding of their businesses, helping them address complex challenges, identify opportunities and achieve sustainable growth.

What you can expect from us

• Specialist expertise in a highly regulated industry
• Support with complex regulatory requirements and strategic business decisions
• Personalised advice with global reach

Let's discuss how we can help create value for your business.

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Frequently Asked Questions – Financial Services

How can advisory services in financial services strengthen our business?

Advisory services for the financial services sector help organisations manage regulatory requirements, identify risks and develop their business in a rapidly changing market. Through strategic and operational advice, organisations can strengthen their competitive position, improve efficiency and create long-term value.

Which regulatory requirements affect the financial services sector?

The financial services sector is subject to extensive regulations covering areas such as risk management, capital adequacy, sustainability, data protection and regulatory compliance. Reducing risk and ensuring compliance require effective processes, strong governance and ongoing monitoring.

How can banks and financial institutions strengthen their risk management?

Effective risk management enables organisations to identify, assess and manage financial, operational and regulatory risks. By adopting a structured approach, businesses can enhance resilience and make more informed strategic decisions.

Why are internal controls important in financial services?

Internal controls are fundamental to a well-managed organisation. They help ensure accurate reporting, regulatory compliance, effective governance and a reduced risk of errors or misconduct.

How can financial institutions ensure regulatory compliance?

Achieving regulatory compliance requires clear processes, continuous risk assessments and a strong focus on governance and internal controls. A proactive approach to compliance helps organisations reduce regulatory risk and build trust with customers, investors and regulators.

How do ESG and sustainability requirements affect the financial services sector?

Environmental, Social and Governance (ESG) considerations are playing an increasingly important role in the financial services sector. Investors, customers and regulators are placing greater emphasis on transparency, sustainability reporting and responsible capital allocation. A structured ESG approach can support both effective risk management and long-term business growth.

How can digital transformation create value in financial services?

Digital transformation enables organisations to streamline processes, enhance the customer experience and strengthen governance and control functions. By implementing the right technologies, businesses can improve productivity and respond to evolving customer expectations.

How can asset managers respond to changing market requirements?

Asset managers must continually adapt to evolving regulations, increasing sustainability expectations and changing investor preferences. With the right strategy, risk management and governance framework, organisations can create long-term value for their clients.

When is due diligence required in the financial services sector?

Due diligence is a critical part of investments, mergers and acquisitions, and other strategic transactions. Through financial, operational and regulatory due diligence, organisations can identify risks, opportunities and key value drivers before making important business decisions.

How can financial institutions improve operational efficiency?

By reviewing processes, governance and resource allocation, organisations can identify opportunities to improve efficiency, reduce costs and strengthen operational oversight.

How can insurance companies respond to increasing regulatory requirements?

Insurance companies must continuously enhance their risk management, internal control and reporting processes to keep pace with evolving regulatory requirements. A structured approach helps improve stability, resilience and long-term sustainability.

How can financial institutions achieve sustainable growth?

Sustainable growth is built on a combination of strong governance, effective risk management, innovation and the ability to adapt to changing market conditions. By integrating business strategy, sustainability and regulatory compliance, organisations can create long-term value for both the business and its stakeholders.