Innovative Compliance Solutions

Our consultants have extensive experience in managing risk and regulatory change programs, covering various regulations, including ESG, EMIR/CFTC, MiFID, PRIIPs, Dodd Frank, and the Basel Accords.

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For example, we delivered a global regulatory change programme at a major international asset manager to ensure compliance with the PRIIPs regulation across Europe, Asia, and the Americas. This complex big data initiative required the production of over 5,000 Key Information Documents in multiple languages on a tight schedule. This involved assembling and leading cross-functional teams spanning Operations, IT, Product, Risk, Compliance, and more, as well as instructing third-party vendors through RFP and subsequent contract negotiations.

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To ensure day 1 compliance with the required regulatory disclosures and to address initial deficiencies in available vendor packages, one of our consultants designed and coded an innovative Excel-based solution. This incorporated a robust model to calculate the implicit transaction costs for over 1.5million transactions, multi-year performance scenarios, value at risk modelling and credit risk ratings. This tactical system bridged the gap to fully automated production.

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The programme was delivered successfully, and our hands-on leadership style and technical expertise enabled the asset manager to stay compliant as regulatory obligations evolved. This project is one example among many where our consultants' experience with large-scale transformation has enabled financial institutions to implement new regulations efficiently and effectively.