Insights and services for Wholesale Banking and Capital Markets businesses

The challenges faced by wholesale banks are the most multi-faceted and intense that they have ever been. They include; record volumes, increased product commoditisation and new product complexity, new and combined asset classes, greater vertical integration, the explosion in private equity (volumes, sizes and innovation in ownership and financing structures) and increased geographical dispersion of opportunities and business. Moreover, this is in the context of heightened regulatory scrutiny, new and changed governance and accounting standards and record growth rates, particularly in emerging markets.

Ernst & Young’s dedicated Wholesale Banking and Capital Markets sector team combines in-depth knowledge of market issues with the richness of direct industry experience that helps us not only to deliver on identified issues but also pre-empt changes in the market and read trends accurately.

The Ernst & Young Wholesale Banking and Capital Markets Sector provides a broad range of leading-edge, well-defined consulting and assurance services to some of the world’s biggest investment banks, global commercial banks, broker dealers and other financial intermediaries. A global presence and the capacity to tap into a network of highly skilled professionals ensure that we can service our client’s business needs seamlessly across diverse geographies and a host of issues/initiatives.

Our strength comes from our people and their depth of experience both in the industry and in consulting. Our direct industry experience and knowledge not only equips us with a thorough understanding of our clients’ global businesses but enables us to establish their particular needs and be at the leading edge of emergent trends and issues.

We use our experience and expertise of the banking and capital markets industry to help our clients perform and execute better. We offer a full range of assurance, tax, regulatory, actuarial, risk management, IT risk and security, financial management, performance improvement, financial/ process remediation and change, programme assurance and transaction-related services.

Ernst & Young Wholesale Banking and Capital Markets sector:

- Audits 2, and provides services to all, of the BusinessWeek Global 1200’s top 5 capital markets companies;

- Audits 31% of the banking and capital markets companies on the BusinessWeek Global 1200, providing services to the top 10;

- Audits 45% of the top 20 banks in Australia by total assets and 5 of the 6 top French banks.

The Ernst & Young Global Banking and Capital Markets centre connects teams around the globe who share information on current and emerging trends and regulations to help clients address issues in assurance, risk, tax, transactions and finance. The Center also hosts events for industry stakeholders. In short, the Center is where people and ideas come together to help banks and securities firms meet the issues of today and anticipate those of tomorrow.