Our Expertise
Guiding the Way to Solutions.
Strategic Advice
Promontory’s strategic advice has influenced the business decisions of financial services companies of all focuses, from the largest international corporations to the smallest institutions on the domestic front. Companies that operate in a complex competitive and regulatory environment must emphasize clear strategic planning and careful monitoring of competition. Promontory shines a light on the path through this risky landscape. We provide timely strategic advice to align our clients with industry best practices and to help them maximize value by determining whether opportunities that arise fit into a well-conceived plan to improve business operations and profitability.
Because our professionals have served at the highest levels of financial services companies and regulatory agencies, they understand the needs, expectations, and concerns of senior management, boards of directors, and shareholders. We make practical, viable, and unbiased recommendations and provide an external perspective to supplement internal decision-making.
Representative Engagements
A financial services company engaged Promontory to analyze securities compliance and regulatory implications of restructuring alternatives. Promontory assessed the costs of designing and implementing a securities compliance program consistent with regulatory requirements and emergent regulatory expectations. We also developed a procedure to ensure that all employees conducting securities-related activities were properly licensed and supervised.
When a financial institution was ordered by the Federal Reserve to obtain an independent review of its liquidity and contingency plan, Promontory got the call. We assisted the client in developing multiple liquidity scenarios and in presenting the resultant contingency plans to the Federal Reserve, Federal Deposit Insurance Corporation, and state regulators.
A large US bank needed assistance in structuring and constructing its independent risk control validation group. Promontory reviewed and provided recommendations on documents relating to the group’s mission, structure, and proposed operations. We also advised the bank on regulatory and other issues related to the group’s structure and operation. Our experts made recommendations for improvement based upon industry best practices and regulatory guidance.
A large bank announced that it was compelled to restate its financial statements for the preceding five years due to accounting issues related to certain mortgage loan sales. The bank appointed Promontory as an independent consultant to review its mortgage loan portfolio, particularly regarding carrying value and loan documentation support. Promontory reported findings to the bank and to its regulators.