The recent financial crisis has caused a
significant increase in Regulation and Regulatory oversight. The
previous 'light touch' approach has ended and violations are being
severely and publicly punished.
We have been working with clients to overhaul
their compliance functions to improve effectiveness and efficiency.
Below is an outline of our expertise of implementing change within
the compliance function
Risk Assessment
Development and implementation
of an integrated risk assessment methodolgy
Identification, grading and
prioritisation of risks
Assessment of control
environment
Risk appetite
Policy Development
Clarify policies framework vs.
regulatory requirements
Determine the optimal match of
risks to policies
Implementation of Policy
Individual projects requiring
significant communication and culture change
eg Personal Account Dealing
Training
Identifying the needs of
different audiences [stratification]
Requirements for Registered
persons and Significant Influence Functions
Anti Bribery and Corruption - ABC
Determining what constitutes a
proactive approach for the organisation
Assesment of each potential
form of bribery and corruption
Collaboration with Finance
department to determine existing controls and design additional
controls to fill gaps
Conflicts of Interest
Personal account dealing
Restricted lists
Gifts and entertainment
Walls and wall crossings
Regulator Relations
Developing a consistent
corporate message
Message dissemination
Record keeping of meetings,
phone calls and interviews