Banking and Holding Company Formation and Conversions 

Many groups are considering forming or acquiring a bank (often a troubled bank).  Others are  converting to Bank Holding Company and Financial Holding Company status.  Many global banks are seeking to form or convert to branches, agencies or representative offices.  

For all of these groups, there is one common element: the complexity of incorporating Federal and State bank regulatory requirements into everyday business.  Bank formation and conversion initiatives will not be successful unless these complex laws, rules, policies, procedures and practices are fully understood and incorporated at every level of the banking organization.

Banks and banking organizations are rigorously reviewed and examined.  As part of the application process and on a continuing basis thereafter, bank regulators will conduct initial and full scope examinations to review the written policies, procedures, controls and reporting infrastructures regarding all of the identified risks to which the banking organization is exposed. 

The bank MUST demonstrate that it operates in a safe and sound manner: i.e. that reputation, credit, capital, market, liquidity/funding, operational, compliance, governance, audit and internal control risks are adequately addressed.  Outsourcing and third party/vendor solutions will be closely scrutinized.  Regulators will test the sufficiency of the governance structures and the management information reporting systems to ensure management’s awareness of risks as they occur.  If the banking organization does not meet these stringent requirements, serious regulatory consequences will follow which can quickly derail the entire banking initiative.

IMAG provides the solution.  For over 15 years, the world’s largest banking groups and major outside regulatory lawfirms have relied on IMAG’s wide and deep banking experience.  IMAG will evaluate banking initiatives to plan, develop and integrate policies, procedures, reports and risk controls ensuring safe and sound operations which meet the expectations of the banking regulators.    

Whatever banking organizational model you seek, IMAG can provide the solutions you require to ensure success.  

          Free Download: Forming a Bank