Regulatory & Compliance
We provide an exceptional level of regulatory and compliance
support to both retail and wholesale organisations across the
financial services industry.
We offer expertise and forthright advice in the following
areas:
- Applications - we can assist firms in the
preparation of applications for new authorisations by the FSA,
together with any business plans, financial projections,
declarations or solvency calculations that may be
necessary.
- Compliance consultancy - we offer a range of
services for clients seeking solutions from a strategic, business
as usual or problem solving perspective. These include support in
the design and implementation of systems and controls, conducting
compliance health checks and controls reviews, undertaking
regulatory gap analyses, preparing senior management for ARROW and
other regulatory visits, and the design and delivery of training to
staff. We can provide assistance with remedial work required under
a risk mitigation programme, including undertaking skilled persons
reviews. We can also assist clients with their regulatory
programmes and projects, for example, through the provision of
subject matter expert advice or the secondment of technical or
project resource.
- Due diligence - whether buying, selling,
restructuring or refinancing, we assess the potential financial
impact of prevailing regulatory issues and help our clients to
negotiate the regulatory hurdles ahead.
We have also undertaken extensive work for regulators in this
sector, which has given us invaluable insight into their workings,
perceptions and expectations. Our work has included helping new and
existing regulators develop strategy and operational processes, and
supporting them in the implementation of their regime,
including:
- facilitating and consulting on the regulatory approach
- drafting policy and strategy statements, and monitoring policy
effectiveness
- integration of multiple entities or responsibilities
- advice on past experience and benchmarking
- ongoing support and implementation of regulatory inspections
and supervisory visits, as well as undertaking enforcement
measures
- reviewing the regulator's process for authorisations, as well
as handling authorisation and registration requests
- carrying out capital adequacy assessments, and training and
competency assessments
For further details of our services, please contact; Ian Gorham,
Partner, on +44 (0)870 991 2420 or e-mail to ian.gorham@gtuk.com; or Trevor
Newbery, Partner, on +44 (0)870 991 2943 or e-mail to trevor.p.newbery@gtuk.com;
or Patrick Storey, Partner, on +44 (0)870 991 2884 or e-mail to
patrick.d.storey@gtuk.com.
For further details of our Regulatory
Outsourcing services, please click here.