Regulatory Changes | Regulatory Change Management Services
 

Regulatory Change

Tailored change management solutions to meet business and regulatory requirements

Keeping pace with a fast-moving target

The pace of regulatory changes in financial services is relentless. Regulators including the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) issue consultations, thematic reviews and regulatory updates continuously.  It is increasingly challenging and costly for firms to embrace these additional requirements.

With the heightened focus on greater personal liability, regulatory actions, and fines, it is more important than ever that firms have the right level of resources, skills, knowledge and experience to execute regulatory change management and achieve compliance within the required deadlines.

Firms may have different needs based on their business model, size and complexity and on the impact of the specific regulatory changes on them.  Xcina Consulting takes a unique approach to understand the clients’ context, needs, risks and budget in order to design a regulatory change management solution best suited to their requirements, delivering timely compliance, peace of mind and value for money.

Assistance with managing Regulatory Change

 
Regulatory Changes

Firms may be looking for assistance to manage their regulatory change programme on a day-to-day basis or seeking specialist skills or to fill gaps in their project team.  We support clients with a tailored and proportionate support arrangement. In order to address their requirements, we collaborate with in-house teams in numerous ways including:

  • Business model impact assessments and strategy development
  • Technical advice and ongoing support on specific issues
  • Pragmatic day-to-day assistance on programme management and implementation of particular workstreams
  • Review, updates and enhancement of the Compliance Manual, policies and procedures
  • Conducting periodic programme reviews to provide independent assurance and timely recommendations
  • Providing training

Regulatory Change Management expertise

Our regulatory change specialists at Xcina work seamlessly with clients to deliver and achieve the following:

  • Ensuring that regulatory change programmes are delivered on time and within budget, meeting business requirements, regulator and other stakeholder expectations
  • Ensuring that the firm’s Compliance Framework reflects regulatory changes, remains fit for purpose and that the Compliance Manual, policies and relevant documentation are up to date
  • A flexible and cost-effective solution ensuring that the required regulatory and change management expertise is engaged when required by the firm and that the firm stays on top of its compliance obligations
  • Providing assurance to the Board and Senior Managers, enabling them to demonstrate and evidence their discharge of Senior Manager Conduct Rules, responsibilities and accountabilities with regard to ongoing regulatory compliance – thereby mitigating the firm’s and their personal regulatory risk
  • Bespoke training and sharing of insights to embed new knowledge, policies and procedures.
Regulatory Changes

Why partner with Xcina Consulting

Regulatory Changes

Our regulatory compliance consultants have many years’ practical experience across a range of firm types and keep on top of the latest developments.  Our team includes former Senior Managers, Heads of Compliance and Regulators.  They provide pragmatic and proportionate solutions tailored to your specific project and context, not generic recommendations.

Clients benefit from our extensive subject matter expertise as well as leading practices and knowledge gained from assisting many organisations in their sector with comparable issues and regulatory changes.

We focus on building long-term partnerships with our clients and supporting them throughout their compliance journey, meeting and exceeding their expectations. 

We share our deliverables with clients and provide knowledge transfer as required including training so that their teams are fully equipped to comply with the new requirements independently going forward.

We provide a cost-effective regulatory change management solution giving flexible access to subject matter expertise and advice.

What our clients say

We engaged Xcina Consulting to support SCB in our SM&CR documentation and training. Their assistance was efficient, effective and a great value. They were able to communicate the requirements to participants using plain language and real-life examples.

Bethanie Castelnuovo, Chief Financial Officer, SCB Group

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