Banking 

The banking sector in the Channel Islands comprises traditional high street banking services provided for the local community and international banking activity which serves an international customer base and the wider finance sector including investment, fiduciary and custodian management. Both Guernsey and Jersey have modern banking legislation based on the UK model. Most major international banking groups are represented in one or both of the islands.

The banking sector is under more scrutiny than ever. The way risks are managed has never been more important, and new and proposed regulatory changes have forced banking and finance institutions to address the heightened focus on corporate governance, added greater complexity to financial accounting and disclosures, and increased emphasis on the responsibilities of audit committees, management, and independent auditors.  Banks that respond quickly and decisively will have the advantage.

Our Services

Our team of multidisciplinary professionals offer a full range of services including:

  • Audit and assurance reporting
  • Advice in relation to establishing a new operation
  • Risk and capital management
  • Governance, reporting and regulatory compliance
  • Consolidation and convergence
  • Restructuring and liquidations

       

      Our Experience


      KPMG is one of the leading bank auditors in the Channel Islands being the statutory auditor of over a third of the banks in each island. KPMG’s banking professionals leverage their deep industry knowledge and their experiences gained from working with industry leaders to help our clients navigate through, and address, the issues and challenges they face.

      Our Thought Leadership

      KPMG in the Channel Islands regularly participates in KPMG’s global thought leadership.

       

      ICAAP in Europe: Moving in Different Directions Report (May 2011)

       

       

      Our Team

       

         Director, Audit

            +44 (0) 1534 608454

           stevenhunt@kpmg.jersey.je

       

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