Kennedy has named Deloitte as the leader in crisis advisory in financial services in its New Regulatory Framework 2015 report.

The research examines how consulting firms are able to help financial services clients when something has gone wrong, when the senior leaders of banks, insurance companies, investment banks and asset managers find themselves eye-to-eye with their worst-case scenarios.

The report notes: “Crisis management has evolved rapidly over the past two decades, mostly in reaction to events in financial services. Consulting firms have had to develop in-house capabilities and tools to help address client crises that can easily engulf their entire organisation, regardless of where they start.”

The Kennedy report noted: “Deloitte gets special call-out in the Kennedy Vanguard not only for its impressive capabilities – even within the context of the Big Four – but because it has taken steps to elevate crisis management to a more strategic level.”

“Deloitte helps clients deal with the unexpected,” said Jeremy Smith, global crisis management leader at DTTL. “Deloitte helps them prepare for, be able to respond to and ultimately emerge much stronger in the face of adversity. It is this concept that we call the unforeseen advantage and it’s the reason Deloitte built the Center for Crisis Management.”