Financial Services

Recent market developments have led to the competitive and regulatory landscape evolving at unprecedented speed. As such, financial services organisations are having to understand and tackle a more complex matrix of organisational challenges 

At L & S Accounting Firm, our specialist knowledge and industry experience enables our experts to deliver tailored solutions to help companies address these new challenges, maximise market opportunities and create competitive advantage

Issues and trends within the financial services industry

  • Foreign Account Tax Compliance Act (FATCA)
    From 1 January 2013, the US Foreign Account Tax Compliance Act (FATCA) will require foreign financial institutions (FFIs) that enter into an agreement with the US Internal Revenue Service (IRS) to identify their US account holders and report them annually to the IRS.
  • Retail Distribution Review
    The Retail Distribution Review (RDR) is central to the FSA’s agenda of customer protection. It aims to drive structural change throughout the retail investments industry, in order to give consumers confidence that the advice they are given, and products they use, are best suited to their needs.
  • Mergers & acquisitions
    Over the last year, financial services organisations have been placed under unprecedented pressure, creating a situation where restructuring has become a critical issue.

Our clients

Our experience of retail banking, capital markets, insurance and investment & wealth management has enabled us to work with many of the UK’s financial institutions. Our clients form the centre of our thinking, and by working in partnership with them we can provide fully integrated solutions to meet their needs.