The Financial Services industry is faced with unprecedented economic, competitive, and regulatory challenges. These issues are not confined to small sections of financial institutions, but are affecting their entire business processes. As these challenges continue to develop, financial institutions are forced to rethink business processes.
MCG’s financial services team is comprised of experts from the Financial Services industry who provide unparalleled insights into audit readiness, technical accounting, tax, regulatory compliance, risk management, outsourcing, payments, information risk and security, data quality, mergers and acquisitions, and other various services.
Basel II Implementation
MCG led both PMO and project work streams for our client to ensure compliance with US Basel II Final Rules. This set of rules requires a financial institution to maintain sufficient capital for solvency and helps identify, manage, and report financial risks.
Dodd-Frank IA Compliance
For a Fortune 100 Financial Services firm, Midtown Consulting Group managed the planning and project execution of a project to satisfy Dodd-Frank Title VII non-clearing house swap independent amount collateral compliance.
Model Validation & Governance
For a Fortune 100 Financial Services firm, Midtown Consulting Group provided project management services in support of new statistical model development of a Value-at-Risk (VaR) model used to calculate margin collateral on derivative trades.