Regulation Sample for a Banking Sector

                                                          Regulation Sample for a Banking Sector

PART: 10

10.2    Regulation

• The Bank aims to continue to be self-sufficient in terms of its liquidity and capital requirements.
• The Bank will ensure it is compliant with Governance and any other Regulatory requirements.
• The Risk Committee, reporting to the Board, will be responsible to ensure management delivers ICAAP, ILAA and any other documentary records required by the Regulator in a timely manner.
• The Audit Committee will, among other functions, be responsible to ensure these deliveries.

Strategies Sample for a Banking Sector

                                                          Strategies Sample for a Banking Sector

PART: 9

10.  Strategies

The aim of the strategy is to progress simultaneously a number of inter-linked issues that will result in improved customer satisfaction, a settled and motivated staff and improved financial results.

   10.1    Overall Strategy

·        Expand the Bank within its traditional chosen market sector in a manner commensurate with the prudent risk policies of the Group but seeking where appropriate new areas of activity such as a “remote” or an enhanced Internet-banking offering.

·      Continue to increase the resident lending book over the period of the Plan and within the conservative credit risk policy of the Bank from Euro 14m to Euro 24m an average annual increase of 11.2% against an average for the previous three-year period of 23% per annum.

·       Likewise the liability side of the balance sheet will be addressed by expanding the deposits received from resident customers to Euro 17 million (Euro 11m in 2000) and a modest increase in non-resident customers to Euro 30 million (Euro 47m in 2004) thus maintaining the balance arising from the changed profile of the Bank’s deposits. The objective is to achieve a Euro 100 million balance sheet supported by Euro 10 million of Capital.  Annual revenue will be grown by an average of 13% per annum to Euro 2.5m over the life of the Plan and cost increase restricted to less than 8% to Euro 1.2m over the same period.

Priorities Sample for a Banking Sector

                                                          Priorities Sample for a Banking Sector

PART: 8

9. Priorities

During 2000 it will be necessary to drive the implementation and development of the Plan and lay a solid foundation for future progress.  Priority issues in this respect are:

9.1 Regulation:

·      Continued self-sufficiency within the ABC Bank Group.

·      Ensure Governance and Compliance requirements are met.

·      Ensure the Bank complies with the requirements of ICAAP and ILAA.

·      Produce monthly Treating Customers Fairly data to ensure compliance with the Six Principles.

9.2. Products and Services

·        Launch Debit Card product.

·       Reassess the launch of pre-paid cards and establish whether it is preferable and cost effective to issue the ABCD products.

·        Review regularly the maturity profile of deposits to sustain the Bank’s liquidity position and develop necessary strategies to meet changing circumstances and demands.

·         Further improve the Internet Banking offering.

·     Grow SME accounts to generate maintenance fee income to augment any decline in the remittance fee income.

·        Work toward balancing the level of resident lending with resident deposits.

·      An in-depth product review to establish the need for improvement in delivery and scope.

·   Analyse customer profitability in order to assess the risk reward of each relationship.

·      Conduct a process analysis to identify means of improving efficiency, delivery and cost control.

9.3. Procedures

·   Improve the provision of Management Information from the I.T. systems available to the Bank

·        Review the credit assessment process.

·      Annual market surveys to establish any changes in approach and offerings by the competition and any change in the needs of the Banks target sector to enable any necessary proactive action. 

·        Review the sterling clearing account relationships.

·   Implement further centralisation of Operations with particular emphasis on ABCD Direct.

9.4. Resources

·   Review Group synergy and strategic plans to ensure compatibility with our objectives.

·      Review resource and competence requirements for the implementation of the Plan, particularly headcount and training needs.