Regulatory Change

Services

Regulatory Change

Every business needs to respond to changing regulatory requirements – but are you maximising business benefit whilst assuring compliance and managing your business risk?

Introduction

Regulatory change has become a constant factor in the global financial services market; in the UK, Europe, and globally, the drive by the Regulator has two core lines: to drive financial stability and to ensure the customer outcome is appropriate.

Compliance with the regulatory requirements is, of course, mandatory, so the business will need to address this as a minimum.  Regulatory rules are not designed with business efficiency in mind; the challenge for every business is to use the necessity of the change to deliver positive value for the business, in addition to maintaining compliance with the regulatory requirements.

A powerful combination of capabilities

We have formed a strategic alliance in the UK with Cordium, the market-leading provider of governance, risk and compliance services, which will harness the skills and experience of both firms to provide best of breed regulatory, business and technology consulting services to the investments industry.

Working together, we can now offer existing and new clients:

  • Cohesive advice and analysis that reflects the practical experience of both firms, combining regulatory analysis, support and compliance infrastructure delivery with operational, business and technology advice and implementation;
  • Thought-leadership that benefits from the recognised domain expertise of both firms; and
  • Access to a broader range of service capability to support delivery of business change.

 

Knadel & Cordium

Based on our combined expertise and deep experience working with a number of leading asset and wealth managers we are able to offer assistance in the following key areas:

Impact and Opportunities analysis

  • Lead or support the analysis of the practical impact on your business, covering the following aspects:
    • Detailed regulatory change analysis and requirements definition
    • Commercial (revenue and cost flows)
    • Operational – where change will be required across your business (or that of your partners)
    • Customer experience –the impacts for the customers of your business
  • Assess and advise you on the options available for changes that offer customer or business benefit resulting from the regulatory requirements
  • Draw together the input from the analysis into a management report that lays out the impact and options for decision 

Operating Model Design

  • Design an efficient operating model that is both compliant and responds to the opportunities identified
  • Plan out the implementation of the change, covering regulatory, organisation, technology and commercial – within your business and, or with your service provider partners

Change Implementation

  • Support the implementation of the required change:
    • Design of required process and procedures based on design models and our experience
    • Provide regulatory quality assurance to underpin the implementation
    • Guide the operational change process, involving a training and model office phase as required and ensuring that your team is ready for the new model
    • Project manage the overall change scope, working with all internal and external stakeholders

Webinar: MiFID II - Do you have a plan?

Working with our alliance partner Cordium, Knadel presents a comprehensive webinar on MiFID II, bringing an integrated approach to the regulation and what it could mean for your business.

MiFID II - Transaction Reporting Briefing

This analysis highlights important changes for Financial Services Firms including MiFID Managers and Brokers and Dealers.