Marsh Canada’s Financial Institutions Practice focuses on industry-specific needs allowing us to provide customized client solutions.

As a financial institutions client of Marsh Canada, you are drawing from the full breadth of Marsh & McLennan Companies’ expertise and service solutions. Marsh has built its business model around practices dedicated to industry specialization.

Your key business issues may include:

• Business Continuity/Crisis Management
• Computer Crime
• Corporate Governance
• Cyber Risk/Identity Theft
• Directors and Officers Liability
• Employee/Executive Retention
• Excess Canadian Investor Fidelity/Financial Institution Bond/Globalization
• Mergers and Acquisitions
• Professional Liability
• Protection Funds (CIPF)
• Regulatory Compliance, including Basel II
• Security and Terrorism
• Structure, Design and Cost of Risk Transfer Program
• Unauthorized Trading

And a host of other emerging issues given the rapidly changing global business environment.

Here are a few examples of how your Marsh Canada advisor can keep your business
ahead of the risk curve:

Cyber Risk Solutions

Cyber attacks—and theft and disclosure of confidential information—are happening with greater frequency and severity. As new cyber risks emerge every day, even the most diligent of financial institutions are vulnerable to attack. In addition to building financial risk transfer vehicles for cyber risk, Marsh’s information risk advisors can assist our clients with an independent due diligence review—including enterprise-wide identification, evaluation, and mitigation of all aspects of technology risk.

Global Insurance Programs

As the operations of Canadian financial institutions become increasingly global, it is imperative to ensure that the insurance risk management program is constantly reviewed and structured in accordance with the local regulations of each jurisdiction, and further, that the local broker provides seamless delivery of advisory and transactional services. With local representation in over 100 countries, Marsh employs financial institution focused risk experts who speak the local language, understand the local culture, and are familiar with local laws and regulations. Furthermore, Marsh and its sister companies can provide clients with current, detailed political risk information about a potential region of expansion and can perform background investigations on potential business relationships.

Regulatory Change (Basel II) Solutions

Global financial institutions have actively responded to Basel II and the local regulations and directives that flow from it. They have become more active in capturing, studying and modeling information relating to operational risk. While Basel II does not offer explicit capital mitigation for insurance under the basic or standardized approaches, robust and comprehensive insurance is still viewed by regulators as forming a key part of prudent risk management. With the extensive operational risk-based activities that financial institutions are undertaking, this presents an excellent opportunity to review insurance policies and programs to identify where gaps exist in current risk transfer arrangements. Marsh can assist clients to understand the cost benefit of insurance in relation to the institution’s risk exposure, and can help unravel some of the complexities involved in responding to the regulator on operational risk.