Labovitch: Strategic Change Consultants Ever Changing Business Landscapes

Lloyds TSB - Impact of EMU

To ready Lloyds TSB for possible European monetary union, Labovitch led a large bank-wide programme to assess the impact of Economic and Monetary Union (EMU) on core processes. The project team ran workshops with Lloyds TSB staff to define the processes (e.g. account opening or statements) and then subsequently assessed the detailed impact of EMU on each of these processes. Impact decisions were influenced by Bank of England mandatory requirements for EMU. The deliverables were process impact assessments including ramifications for IT, change, HR and operations.