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Regulatory Compliance

Meeting evolving regulatory expectations and obligations is critical for financial services firms to maintain their regulatory approval and reputation, mitigate regulatory risk, and deliver good outcomes for their various stakeholders.

Regulated firms must comply with applicable regulations to maintain their regulatory approval, their reputation and to mitigate the risk and cost of non-compliance for both the firms and individuals involved.

It is increasingly challenging for organisations to navigate regulatory risks in the context of evolving regulatory expectations and obligations, and continuing uncertainty following on from Brexit and Covid-19.  Firms face more intensive supervision and scrutiny from regulators, who are focusing more and more on personal accountability, culture, conduct and customer outcomes, and are unlikely to get away with just complying with the letter of the rulebook.

Firms also face budget and resource constraints and need to be able to access regulatory, technical and operational expertise and resources more efficiently. XCL takes the time to understand the client’s needs, risks, and budget to design a bespoke compliance support solution to meet its precise requirements. We are able to provide a range of tailor-made regulatory solutions from one-off health checks to ongoing support across a number of sectors including investment, banking, and insurance. Our regulatory team has an established track record of assisting firms from authorisation, implementing compliance frameworks, ongoing managed services and undertaking compliance reviews and assessments. We also have deep experience in assisting firms with their regulatory remediation activities.

Why choose us?

Tailor-made regulatory compliance solutions
As their regulatory compliance partner, we put ourselves in the clients’ shoes and take the time to understand their business, objectives, organisation and culture, and accompany them on their growth journey. Solutions are tailor-made based on a deep understanding of business requirements, not just an off-the-shelf programme. Working seamlessly with the client’s team, we deliver pragmatic and cost-effective solutions which minimise regulatory burden and are tailored to their specific situation and requirements.
Pragmatic and experienced partners
Our consultants all have at least 15 years’ experience of walking in our clients’ shoes in industry across a range of sectors and business models, covering a broad spectrum of regulatory compliance topics.  Bringing to the table multidisciplinary consulting skills and experience, we execute and get things done and provide you with practical and actionable solutions, not just reports.
Thought leadership, peer learning and development
Our regulatory compliance specialists are at the forefront of regulatory developments, frequently contributing to discussions, consultations, events, workshops and lectures.  We make available to our clients best practice insights gained from working with peers in their sector. We deliver effective regulatory training solutions for all levels of a firm from senior management to operators.

Regulatory Compliance services overview

Regulatory Compliance Services

  • Regulatory applications
  • Ongoing managed services including:
    • Compliance monitoring
    • Remote specialist advice and support
    • Compliance health checks
    • Capital Adequacy support
  • Co-sourcing arrangements and secondments
  • Senior Managers & Certification Regime
  • Operational Resilience
  • Deep dive framework reviews, design and implementation covering:
    • Conduct Risk & Culture
    • Governance Effectiveness
    • Compliance Effectiveness
    • Conduct of Business (including suitability, financial promotions, conflicts, product governance and best execution)
    • Transaction Reporting
    • CASS (client money and assets).
  • Financial Crime solutions including:
    • Financial crime reviews
    • Business wide Financial Crime Risk Assessments
    • Market Abuse reviews
    • Client onboarding reviews
  • Brexit
    • Business model impact assessments
    • Regulatory strategy planning
    • Project management
    • Regulatory developments tracking
    • Implementation support
  • Bespoke regulatory training and external webinars

Benefits to you

  • Manage and mitigate regulatory risk for your firm and its personnel
  • Access specialist regulatory expertise without the need to commit long term
  • Add value to the business through conduct and compliance frameworks, learning and development

Regulatory Compliance Calendar

Supporting our clients in managing regulatory change is of paramount importance to us. That’s why we created our Regulatory Calendar: to help you to monitor and track EU and UK regulatory developments as they are announced, and so you can search regulatory change across the Banking, Insurance and the Asset Management sectors