• Banking

Banking

The international and Irish banking industry has experienced significant changes and challenges in recent years including increased regulatory reform, disruptive technologies, risk management considerations and funding constraints.

BDO’s Financial Services sector team consists of experienced professionals with diverse experience and knowledge to provide customised solutions and sophisticated strategies for our clients across all segments of the banking industry.

We serve our clients locally from BDO’s offices in Dublin, Limerick and Belfast, while drawing upon the firm’s global network across 162 countries and territories for considerable global resources and industry expertise.

BDO are regularly engaged by the National Asset Management Agency (“NAMA”) and most of the major banks and funds operating in Ireland to act as receivers, receivers and managers and liquidators including multi-jurisdictional appointments in conjunction with our colleagues in the wider BDO International Network.  Apart from formal appointments BDO also provide advisory services and regularly conduct independent business and financial reviews on behalf of banks and funds.

Our Corporate Secretarial Services Team currently provide Independent Secretariat Services for a number of Redress Programmes relating to an industry wide Examination of Tracker Mortgages requested by the Central Bank of Ireland. Our experienced team of qualified Company Secretaries, have many years of relevant industry experience and are well versed in all of the aspects of managing an Independent Secretariat from the initial stages right up to post decision and Appeal closure stage.

We ensure that all Appeal documentation, is confidentially processed by the BDO Team and communicated to all relevant parties within prescribed deadlines and CPC requirements, before being submitted to an Independent Panel for adjudication while at all times ensuring that all GDPR obligations are adhered to. BDO professionally manage all of the secretarial aspects relating to Panel meetings and any minutes, decisions and actions required thereafter.

BDO also work with Irish and International Banks on group restructuring and streamlining projects including acting as liquidator in the members’ voluntary liquidation of group subsidiary companies and special purpose companies.