What is it?The financial system is commonly viewed as the “life blood” of any country’s economy and hence one of the prerequisites of a well-founded economy is an efficient and trusted financial sector. This encompasses banks, non-banking financial institutions, capital finance and commercial credit systems, micro-finance and regulatory authorities. Emerging market and transition economy countries face a wide range of issues in this key sector, including the establishment of institutions and procedures, and the need to restructure and refine existing organisations. In these circumstances the direct transfer of experience and skills from the developed world is often not possible due to existing conditions, technologies and practices and considerable creativity and local knowledge is required to develop workable and sustainable solutions. In many jurisdictions the restructuring of financial institutions involves the privatisation of State - owned banks and financial companies. A legacy of non-performing loans, under-or over-supply of credit, long payment cycles, lack of access to financial services, security of deposits – these are just some of the basic issues to be addressed. These are sensitive and complex tasks requiring both a thorough grasp of industry best-practice and an in-depth understanding of the local financial, social and political environment. What we do PKF has been intimately involved in financial sector restructuring in developing nations and emerging economies. Our financial sector team, comprising consultants with direct experience in financial institutions, works closely with specialised banking and financial operations consultancies around the world to provide focused expertise in every aspect of financial sector operations, management and supervision. We have advised National Governments and Central Banks on developing local financial systems and appropriate regulatory environments; local financial institutions on restructuring and operational issues; international commercial banks on developing country - and business - specific operations; and international financial institutions on various aspects of their operations in many countries. We combine best practice developed in major western financial institutions with an intimate knowledge of the local business and socio - political environment in many developing and transition regions including Central and Eastern Europe, Asia and Africa, as well as post-conflict countries such as Afghanistan, Sierra Leone and the Balkans. Our services include: - advice on corporate governance
- introduction of new products and services
- lending risk assessments
- human resource development
- SME lending and micro-finance
- lending to local governments and municipalities
- regulation and central banking
- capital markets development.
Click here to see a selection of our recent experience in financial sector development. Our team Our in-house expertise includes:
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