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Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
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Asset management Asset management of the futureIn today’s global asset management landscape, there is an almost constant onslaught of change and complexity. To combat such complex change, asset managers need a consolidated approach. Read our publication and find out more about what you can achieve by choosing to work with us.
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Internal Audit Maintaining Compliance with New EU Pension Directive IORP IIOn 28 April 2021, the Irish Government transposed IORP II (Institution for Occupational Retirement Provision), an EU directive on the activities and supervision of pension schemes, into law.
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Risk, Compliance and Professional Standards FRED 82 – Periodic Updates to FRS 100 – 105The concept of a new suite of standards for the UK and Ireland, aligning with international financial reporting standards, was first conceived in 2002
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Audit and Assurance Auditor transition: how to achieve a smooth changeoverAppointing new auditors may seem like a daunting task that will be disruptive to your business and a drain on the finance function. Nevertheless, there are a multitude of reasons to consider a change, including simply seeking a ‘fresh look’ at the business.
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Our Corporate Tax team is made up of more than 40 highly experienced senior partners and directors who work directly with a wide range of domestic and international clients; covering Corporation Tax, Company Secretarial, Employer Solutions, Global Mobility and Tax Incentives.
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The Grant Thornton team is made up of experts who are fully up to date in terms of changing and evolving tax legislation. This is combined with industry expertise and an in-depth knowledge of the evolving financial services regulatory landscape.
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International Tax
We develop close relationships with clients in order to gain a deep understanding of their businesses to ensure they make the right operational decisions. The wrong decision on how a company sells into a new market or establishes a new subsidiary can have major tax implications.
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Grant Thornton’s Private Client Services team can advise you on all areas of financial, pension, investment, succession and inheritance planning. We understand that each individual’s circumstances are different to the next and we tailor our services to suit your specific needs.
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Grant Thornton’s team of indirect tax specialists helps a range of clients across a variety of sectors including pharmaceuticals, financial services, construction and property and food to navigate these complexities.
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This legislation was introduced as part of a suite of regulations brought in by the EU to deliver on its “Green” agenda. This is a key step towards establishing a sustainable financial European system by reorienting capital flows towards a sustainable economy to combat threats arising from climate change.
This new regulation delivers further urgency for investment firms to consider sustainability risks by them to have the necessary resources and expertise for effective integration of sustainability risks into their organisational arrangements, internal control mechanisms and reporting depending on the investment activities they engage in.
In keeping with legislative updates for in the AIFMD and UCITS space, the new Regulation introduces new terms such as “sustainability preferences”, “sustainability factors” and “sustainability risks” as defined by the SFDR [Regulation (EU) 2019/2088]. It also outlines the following requirements which will need to be implemented by investment firms in order to maintain appropriate sustainability standards. Key areas of focus for investment firms are as follows:
It is important to note investment firms can still recommend instruments which are not sustainable investments or pursue partially environmentally responsible activities, as long as such instruments align with their client’s sustainability preferences. Investors should be fully aware of all of an investment’s characteristics (including sustainability) in order to make their own informed decisions.
What are the next steps?
Investment firms need to become familiar with the changes that are applicable to their business activity and analyse how they will comply with the new obligations. Firms will need to review and update their existing business plans, systems and policies to incorporate sustainability into their daily operations. Sustainability risks and considerations should also be incorporated into risk management processes and conflict of interest. Adequate resources must be available and appropriate staff expertise is required to maintain compliance and eliminate activities that may present risks to preserving sustainability.
Why Grant Thornton?
Grant Thornton’s Financial Services Risk, Consulting and Advisory teams are comprised of dedicated experts who are experienced in supporting banks and investment firms with a variety of regulatory challenges, including those arising from the ESG agenda.
In particular, our industry-leading Prudential Risk, ESG experts and Consulting team understand that regulation continues to drive the strategic agenda for banks and investment firms. ESG and other sustainability related areas are likely to be high on the regulatory agenda for years to come. They specialise in assisting clients across the financial services sector in navigating through the maze of regulation and support clients to identify regulatory obligations and work towards full compliance balanced with your business needs.