Capco, the global business and technology consultancy dedicated solely to the financial services industry, today announced comprehensive services designed to assist institutions operationalize their resolution plans (also known as "living wills").
Through its Resolution Planning Business Optimization Services, Capco works with clients to understand their resolution objectives and help them move toward the next stage of integrating these plans with their business strategies -- while providing a platform to reduce complexity, costs and capital reserve demands.
Mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, resolution plans provide for the rapid and orderly resolution of financial institutions in the event of financial distress or bankruptcy. These plans are intended to deliver greater transparency into the organizational structure and critical operations and interdependencies that would affect any possible resolution.
"With financial institutions under significant pressure to establish or strengthen their living wills, there is a great opportunity to use the requirement to affect significant operational, organizational and financial improvements," said Joe Anastasio, Founding Partner at Capco, Leader of the New York region and Co-Leader of the Capital Markets practice. "As a proven market leader in operationalizing regulatory change, Capco is uniquely equipped to help institutions navigate the complexity of meeting regulatory requirements as they drive efficiencies in their businesses."
Capco's Resolution Planning Business Optimization Services is the latest among the firm's solutions geared toward helping financial institutions meet regulatory and compliance requirements. Working with Capco, institutions can create actionable strategies around their resolution plans that clearly articulate inter-affiliate dependencies and are credible to regulators. In addition, clients can leverage the resolution planning process to accomplish a number of goals, including maintaining their current structure and driving organizational integration, or they can seize the opportunity to optimize their legal entity structure, regulatory compliance and financial perrformance.