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BANKERS CONFIDENCE

BANKERS CONFIDENCE

We provide added value services that deliver quantifiable and accountable economic benefits, resulting in banks that are Bankers Confidence Accredited members, being able to demonstrate that the bank operates with

Quality, Transparency, Integrity, Reliability and Trust

generating the highest level of confidence in the bank with its customers, stakeholders and regulatory authorities. An accredited "Bankers Confidence" bank, will be regarded as one that operates within an approved and credible risk framework where risk is constantly identified, monitored, appraised and managed.

WHY

BANKERS CONFIDENCE?

At the time of the credit crunch, most economic commentators stated that the aftermath would dominate economics and politics for at least 10 years, and that has been the case.

Leading up to the credit crunch, too much credit entered the system and too much money was looking for investment opportunities...

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OUR

SERVICES

Bankers Confidence is a global accreditation authority for the small to medium sized banking sector where bank accredited members demonstrate that the bank operates with the highest level of confidence to its customers, stakeholders and regulatory authorities. A "Bankers Confidence" accredited bank is one that operates within an approved and credible risk framework where risk is constantly identified, monitored, appraised and managed.

Risk assessment management and monitoring

Independent, comprehensive risk assessment and control performed to an international standard, carried out through analysis and risk monitoring of the internal audit function.

GAP analysis of risk management

Delivered through the analysis and risk monitoring of the internal audit function.

GAP analysis of internal control processes and procedures

Delivered through a detailed due diligence program of the Internal Control systems, assessing their compliance, effectiveness and relevance.

Risk assessment of customer relationships

Detailed analysis of over exposures, reliance, influence, sectors, political & cultural backgrounds.

FinTech review

Detailed independent review of FinTech within the bank.

Review of specialised areas

To include adequacy and compliance review of areas such GDPR, AML, KYC, IT, customer retention, customer satisfaction and cyber security.

Internal audit support

Back up and support services or outsourced contract to operate the internal audit function.

Alignment review of standards

Monitoring and assessment of compliance and adequacy of operating and regulatory standards.

Customer deposit scheme insurance

Insurance product to increase customer deposit guarantee cover above statutory protection of €100,000 to €200,000.

Mutual support liquidity fund

Bankers Confidence plans to have its own mutual support liquidity fund, initially funded by a depository contribution from accredited banks, acting as a "central liquidity fund" which will provide access to short term capital for Bankers Confidence accredited banks, designed to meet sudden liquidity shortfalls. In due course, there is a strategic plan to hold a $1Bn liquidity support fund for Bankers Confidence accredited banks to access.

BANKERS CONFIDENCE

ACCREDITATION

The Bankers Confidence accreditation demonstrates that a bank operates within an acceptable required level of liquidity, within an approved risk framework; and is engaged with Bankers Confidence on an ongoing “live” basis in respect of risk monitoring, assessment and supervision.

“Accredited” banks will have the benefits that Bankers Confidence deliver as a strong partner, utilising cutting edge based risk management and control technologies, without any conflict of interest, thereby providing the bank with the highest levels of stakeholder, customer and regulator expectations.

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MEET OUR

EXECUTIVE BOARD

CEO AND CO-FOUNDER

WAHEED QAISER

Waheed has held executive management positions at Citibank, HSBC, UBS, IIBU, IBB, QCC and Maxim LLP.

Co-Founder of the first Islamic bank in the UK that was licensed in 2004.

Waheed has led operations in retail/private banking, investment banking, business development, sales & marketing, and all areas of Islamic banking in global financial institutions.

Waheed is a founding member of the Bank of England working party on Islamic mortgages and a founding member of the UK technical group at the Chartered Institute for Securities & Investments (CISI) for Islamic Finance Qualification (IFQ) Waheed has spoken and chaired over 100 professional and business conferences globally.

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DEPUTY CEO, CRO AND CO-FOUNDER

JAMES PARKER

A highly experienced multi asset class regional head of portfolio risk management

Experienced in managing directional positions, concentration, liquidity & leverage on client portfolios, with responsibility for monitoring HFT strategies of clients to ensure leveraged limit ratios are not breached and for development and validating new risk methodologies from a global risk management perspective.

Experience in build, stress and calibrating models in terms of scenario development on clients' portfolios, and proposing suitable risk limits for clients supported by qualitative and quantitative analysis.

Experience in monitoring the markets and ensuring impact analysis is performed on concentrated portfolios.

Experienced in assessing new activity/markets by formulising a market risk opinion and assessing key risk implications.

Experienced in calculating variation risk, deposit risk, and financing risk for counterparty exposures (CVA) on a daily basis, and measuring exposures against predefined limits and analyse breaches when necessary with appropriate actions.

Experience in working with compliance on EMIR/Dodd Frank CFTC Regulations impacting the target business model.

Headed model risk committees covering all aspects of liquidity & market risk in support for board risk committee meetings.

DIRECTOR

MIKE ELLWOOD

Mike is a highly accomplished senior banking executive with over 30 years' extensive experience operating at board level in a variety of roles across a number of complex organisations in both the UK and internationally. Most recently developed Santander's Corporate and Commercial Banking from an insurgent into a significant player in the UK market with £20bn assets and £500m revenues. He has an exceptional track record of building businesses or leading critical transformational change programmes.

Mike has led a strategic analysis of the customer value proposition in the current corporate banking market in line with ambitious growth plans. Benchmarked to compare the existing proposition against best in class incumbent and emerging competition and set up a series of working groups to validate the findings. Mitigated related risks and formulated a plan to focus on key USP's and explicit customer benefits. Mike grew the International and Structured Finance revenues at Santander by more than 30% and substantially improved the customer experience .

Carried out a comprehensive review of the organisational structures and cost base across Corporate and Commercial banking to improve return on equity and maintain revenue growth. Identified in-efficiencies in the operating model and developed options focusing on rationalisation of the management structure and alignment with strategy. Assessed the associated risks to the customer experience and created a transformation plan. Led the implementation resulting in a 30% reduction in the management structure headcount saving £10M pa, improved ROE by two points and maintained revenue growth at 20%.

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MEET OUR

EXECUTIVE ADVISORY BOARD

Bankers Confidence is owned and operated by a team of highly experienced specialists from the banking and finance world with specific expertise in areas such as risk management, regulation, compliance, liquidity management and strategic development in the banking sector.

CHAIRMAN AND FOUNDER

KRISTINN SIGTRYGGSSON

Former CEO of Coopers & Lybrand in Iceland, for almost two decades, where he streamlined and modernised the firm to a fully compatible international firm, which is now part of PwC.

Kristinn also served as president of the institute of chartered accountants, for a part of his time in office as CEO of C&L.

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BENOIT WAELKENS

Currently CEO of the Payments Association of Kenya, a delegated function of the Central Bank of Kenya.

Benoit has over 35 years experience as a banking executive, 20 years of which were various roles as CEO and COO, holding specialist experience in areas of Global Risk and Banking Operations, with long term C level experience.

He specialises in bank operational management, global risk management, corporate governance, compliance and internal audit.

Benoits achievements include the overview of the mortgage industry in Poland; review of operations and AML guidelines for a central Bank in Asia; established a new Central Bank in Eastern Europe on a state of the art operational platform.

FINTECH, BLOCKCHAIN AND CRYPTO CURRENCY

LILIANA REASOR

A highly experienced senior banker, with over 20 years' experience in fintech and investment banking.

Former director and VP of JP Morgan, Bank of America, Deutsche Bank, Morgan Stanley and Moodys Analytics.

A leading International conference lecturer on Fintech, Blockchain and Cryptocurrency and regarded as one of the leading experts in this field.

Direct work experience includes M&A, Due Diligence, Portfolio Management (managed over $2Bn of Structured Credit securities for Deutsche Bank), Bank Risk Analytics and fintech development.

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MEET OUR

NON-EXECUTIVE BOARD

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GREGER HAMILTON

Former Managing Director of Goldman Sachs International, with special responsibilities for Nordic and Eastern European banks, European stock exchanges and trading platforms.

Managing partner at Ovington Financial Partners, an international advisory and investment firm specialising in the banking sector.

Founding partner at European Resolution Capital Partners which was founded in autumn 2008 with a focused strategy to advice banks, financial institutions and agencies on bank restructuring and corporate transaction issues arising out of the financial- and economic crisis - founded and managed by the leading and most experienced bank restructuring experts in the industry, with significant experience in strategy, financing, valuation, restructuring, mergers and acquisitions, as well as crisis management in the banking sector.

MARK SISMEY-DURRANT

A highly experienced CEO and Board Director with a highly successful track record in the banking sector.

Former CEO of Hampshire Trust Bank, Heritable Bank, Sun Bank plc and Confederation Bank.

Holds an envious reputation for creating, growing and developing profitable banks.

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THEO THEODOULOU

Chartered accountant, with over 25 years experience in the banking sector, mainly with HSBC.

Headed the Sarbanes Oxley function in Europe for HSBC and implemented the Basel 2 Project for the bank.

MEDIA

What does the media have to say about Bankers Confidence?

Bankers Confidence: Introducing A New Approach To Banking

Finance Monthly speaks to Kristinn Gils Sigtryggsson, the Founder of Bankers Confidence ehf, an Icelandic company that offers small and medium-sized banks a comprehensive backup and added value support services to enhance their reputation and confidence.

Read more

NEWS

Why the need for Bankers Confidence?

Banker Confidence Levels Are Slipping

Despite a strong fourth quarter, many U.S. bankers foresee a worsening economy and higher funding costs.

Read more

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London office

Berkeley Square House
Berkeley Square
Mayfair
London
W1J 6BD

Iceland office

Skipholt 50D
108 Reykjavik
Iceland
 
 

Phone number

+44 07999 329382