The move towards 'twin peak' regulation in the UK, and a more intensive and intrusive supervisory approach, has profound implications for financial services firms. Recent experience has shown that even firms that appeared well capitalised and risk aware have been subject to regulatory censure. No firm is exempt from the need to continuously review and enhance their approach. Failure to adapt to the changing expectations and obligations could have serious impacts for firms, both in terms of regulatory relationship and potential sanctions.
Drawing on research, insights and experiences of working with clients on current and potential regulatory impacts, our new publication 'The Future of Compliance' explores how compliance functions can proactively manage their complex challenges and re-focus themselves to expertly and safely guide their firms through turbulent times. The report covers the key elements including strategy, structure, monitoring, resourcing, MI and regulatory interaction.
