A managed banking licence project that presents a coherent institution regulators can assess with confidence.

The situation

A banking licence application is unlike most other regulatory approvals. The PRA and FCA are assessing whether the proposed institution can operate safely, meet prudential standards and protect depositors from its first day of trading. Every aspect of the proposed business is examined, including governance, capital, risk management, financial crime controls, operational resilience, outsourcing, recovery planning and senior management capability. Weaknesses in one area often lead to questions across others. The quality of the application is therefore determined not simply by the individual documents submitted, but by how consistently they describe the proposed institution. Preparing that application requires coordination across governance, finance, legal, technology, operations and regulatory workstreams long before formal submission.

What you are really buying

A managed banking licence project. We help define the target operating model, coordinate the regulatory workstreams and prepare the documentation required for submission to the PRA and FCA. That includes the regulatory business plan, governance arrangements, prudential framework, financial projections, risk management framework, policies and supporting documentation, together with ongoing engagement throughout the authorisation process. The objective is not simply to submit a complete application. It is to present a coherent institution that regulators can assess with confidence.

What's included

The engagement includes:

• Regulatory gap assessment.

• Banking licence strategy.

• Target operating model.

• Regulatory business plan.

• Governance framework.

• Board and committee structure.

• SMCR implementation.

• ICAAP and ILAAP coordination.

• Capital and liquidity planning.

• Risk management framework.

• Financial crime framework.

• Operational resilience framework.

• Policies and procedures.

• PRA and FCA application support.

• Regulatory engagement throughout determination.

• Mobilisation planning following authorisation.

How it works

1. 1

   Assessment

   We review the proposed business model, regulatory permissions, capital structure, governance arrangements and mobilisation plan to identify the work required before application. The outcome is a structured authorisation plan setting out the regulatory workstreams, dependencies and expected timetable.

   You keep: A clear roadmap for the banking licence project.

2. 2

   Build

   We coordinate preparation of the regulatory documentation required by the PRA and FCA, ensuring that governance, prudential planning, financial forecasts, operating model and supporting policies form a coherent application. Rather than treating each document as a separate exercise, the application is developed as a single regulatory submission.

   You keep: A complete banking licence application supported by consistent regulatory documentation.

3. 3

   Submission and regulatory engagement

   We support the submission process and remain engaged throughout the regulators' assessment. This includes coordinating responses to regulatory questions, preparing supporting material and helping management respond confidently during supervisory engagement.

   You keep: Experienced support throughout the authorisation process.

4. 4

   Mobilisation and post-authorisation

   Following authorisation, we support the transition into mobilisation planning and the establishment of the operating model, governance and control environment needed to operate the authorised institution.

   You keep: A seamless transition from authorisation to operation.

The guarantee

Proof

Experience supporting banking licence applications and post-authorisation mobilisation across a range of proposed business models, regulatory permissions and strategic approaches.