Tailored change management solutions to meet business and regulatory requirements
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.
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:
Our regulatory change specialists at Xcina work seamlessly with clients to deliver and achieve the following:
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.
Bethanie Castelnuovo, Chief Financial Officer, SCB Group
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