Governance, Risk and Compliance

Overview

The structure of corporate governance is extremely important in a financial services organisation. It is essential that the governance structure is transparent and includes accountability and clear reporting lines. In the regulated financial services environment effective operational risk management is a prerequisite for every company. Creating a strong compliance and control culture is of paramount importance in the heavily regulated financial services industry.

Potential issues

The typical issues you might be facing include:

Demonstrating compliance: Whether you have just obtained authorisation or you have been authorised for a period of time, your firm will be required to meet and demonstrate compliance with a high volume of regulations, laws and codes.

Avoiding reputational damage: Effective management of a firms regulatory and compliance risk is critical to ensure that it does not suffer financial or reputational damage as a result of failure to comply with laws and regulations, or with group and other internally defined policies and standards.

How can we help?

Drawing on our leading international guidance on governance frameworks, we can work closely with your organisation to provide an objective and independent assessment of your current arrangements and assist you in creating a holistic governance, risk and compliance (GRC) framework. We can help with the following:

Develop Risk Appetite Statement and measurement & monitoring framework

Develop compliance monitoring plans and obligation assessment templates

Advise on the right corporate governance structure

Review compliance and risk governance frameworks and the effectiveness of the function

Review compliance with Fitness and Probity regime, Anti-Money Laundering (AML) requirements, the Consumer Protection Code (CPC) and Data Protection requirements

Assist in complying with the Capital Requirements Directive and Solvency II

Provide advice on the Markets in Financial Instruments Directive (MiFID)

Assist in implementing Qualifying Investor Alternative Investor Fund (QIAIF) plans

Provide assistance with the European Markets Infrastructure Regulation (EMIR).