Request for Proposals Third Party Receiver or Conservator

The Connecticut Department of Banking is seeking proposals from qualified consulting or professional firms to provide assistance in the event a Connecticut-chartered bank or credit union fails or is on the verge of failing and needs to be placed into a receivership or conservatorship. The selected firm will provide services such as financial accounting, tax accounting, and audit services. The scope of work includes providing assistance with the receivership or conservatorship process, including financial analysis, asset valuation, and other related services. Key requirements for the selected firm include experience in providing similar services to financial institutions, knowledge of relevant laws and regulations, and the ability to maintain confidentiality. The contract is expected to be awarded to a firm that can demonstrate its expertise and capabilities in providing these services. • The firm should have experience in providing financial accounting, tax accounting, and audit services to financial institutions. • The firm should have knowledge of relevant laws and regulations related to receivership and conservatorship. • The firm should be able to maintain confidentiality and handle sensitive information. • The firm should be able to demonstrate its expertise and capabilities in providing these services.