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.
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...Learn more
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.
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.
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.
CEO AND CO-FOUNDER
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.
NAME NOT DISCLOSED
TO PROTECT CURRENT CONFIDENTIALITY REQUIREMENTS
Headed risk management at world renowned American & European banks managing various areas of risks & distressed loan portfolios.
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.
NON-EXECUTIVE DIRECTORS AND 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
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.
FINTECH, BLOCKCHAIN AND CRYPTO CURRENCY
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.
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%.
What does the media have to say about Bankers Confidence?
FINANCE MONTHLY JUNE 29TH, 2018
FINANCE MONTHLY JUNE 29TH, 2018
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
Why the need for Bankers Confidence?
CFO.COM FEBRUARY 25TH, 2019
CFO.COM FEBRUARY 25TH, 2019
Banker Confidence Levels Are Slipping
Despite a strong fourth quarter, many U.S. bankers foresee a worsening economy and higher funding costs.Read more
GET IN TOUCH
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Berkeley Square House
Phone numberWaheed Qaiser
+447999 329382Mike Ellwood
+447965 608801Kristinn Sigtryggsson
+354 580 6804 / +354 690 0280