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Deloitte Banking Union Centre in Frankfurt (BUCF)
The most ambitious and a fundamental innovation since the creation of the euro
The most ambitious and a fundamental innovation since the creation of the euro.
The Banking Union initiative is Europe’s most ambitious integration project since the creation of the euro. It represents a fundamental innovation in supervision of financial services with significant consequences for the structure of the banking sector in the Eurozone and beyond, affecting business models and strategies. In this context, the Single Supervisory Mechanism (SSM), led by the European Central Bank (ECB) and based in Frankfurt has become a key player shaping the transformation of financial services in Europe.
For this reason, Deloitte established the Banking Union Centre in Frankfurt (BUCF), a powerful pan-European resource to meet clients´ need and requirements. Through the lens of the Banking Union, the BUCF is responsible for:
- Proactively identifying challenges facing banks in scope for the SSM and providing direct support to their C-suite.
- Acting as a catalyst for pooling Deloitte’s capabilities across the SSM region. The BUCF provides a single point of contact for the cross-border support that our internationally active clients require.
- Channeling and sharing insights from Deloitte professionals into key issues facing senior-level decision makers within banks.
- Supporting and extending Deloitte’s existing strong relationships with the ECB/SSM and national supervisors.
Deloitte established this permanent presence by bringing together a multidisciplinary team of senior and experienced professionals from its Financial Services practices across Europe.
The BUCF includes professionals from Deloitte Member Firms in the eurozone and the UK.
Connected with the Deloitte EMEA Centre For Regulatory Strategy
The BUCF collaborates closely with the EMEA Centre for Regulatory Strategy (ECRS). Based in London and with a satellite presence in Frankfurt, the ECRS leverages regulatory specialists from Deloitte practices to monitor regulatory developments and provide an expert, objective perspective on opportunities and challenges for financial institutions.
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