Blog

Getting Ahead on EBA Guidelines

November 25, 2020

ACE BLOG | Getting Ahead on EBA Guidelines

Getting Ahead on EBA Guidelines

The EBA issues new guidelines regularly to help keep the financial industry healthy and fair, but sometimes keeping-up with these best-practice ways of operating can be challenging. There is, however, always a pattern to these guidelines. There are vital points that they continuously come back to and reiterate time and time again, and if you can put the time and effort into getting them right, it becomes much easier to stay on top of all the changes that come your way. Read more

Introducing ATOMIC Interim Professionals

November 11, 2020

Introducing ATOMIC Interim Professionals
Introducing ATOMIC Interim Professionals

We’ve long believed that it’s the people that truly make a company, project, or program successful or not – but finding the right people with the right expertise and experience can be challenging – especially when the position is only needed temporarily. And what can be as equally frustrating? Being the person with the right expertise and experience but not having the opportunity to be connected to the right position. Read more

RegTech in Motion: Introducing ACT

October 28, 2020

RegTech Solutions in Motion: Introducing ACT

RegTech in Motion: Introducing ACT

It’s no secret that RegTech is changing the way our industry operates. In fact, these days, it seems the term “RegTech” is absolutely everywhere – is it more than a buzzword or a superficial trend? We think not. And if you’re too afraid to ask, RegTech is simply short for Regulatory Technology, and it’s very much having its moment right now, making a significant impact on the world of regulatory monitoring, reporting, and compliance. With innovation (a fundamental principle within our company) and IT being close to our hearts, developing a cutting-edge RegTech capability of our own only made sense, and we have been able to use our collective experience and expertise to inform and shape an exciting menu of services. Read more

We’re Recruiting! Come join Team ACE

October 14, 2020

We’re Recruiting! Come join Team ACE

We’re Recruiting! Come join Team ACE

Despite these unusual times, we’re lucky enough to be still growing rapidly and to support, elevate and facilitate this growth – we’re hiring!

We’ve always held the belief that it’s the people, their ideas, and pragmatism is what truly makes a company. We’re looking for enthusiastic and adept people to join our team and help us continue to build and shape ACE into the forward-thinking and personable company we’ve always envisioned. We’re moving past the scale-up phase, and we’re getting ready to launch several new initiatives that we feel might just change the regulatory game. Read more

Remodeling Risk Management with a New Credit Risk Expert Team

September 29, 2020

Remodeling Risk Management with a New Credit Risk Expert Team

Remodeling Risk Management with a New Credit Risk Expert Team

There has been a trend developing within the financial industry to consolidate the task of managing all regulatory changes within credit risk into a single team. For the last few months, we’ve been working closely with one of our clients to set up just such a team – one they decided to name the Credit Risk Expert Team. This type of restructuring and the consequential follow-through has many advantages once it’s up and running. It’s one central place in the organization to create, maintain, and manage regulatory changes related to credit risk, with oversight on implementing the requirements and validation of the outcomes. It also means higher data quality, more transparent workflows, better overall communication between departments and stakeholders while promoting ownership and accountability throughout the process. Read more

Meeting the Pension Reform Challenge

September 14, 2020

The Best Way to Navigate Pension Reform

Meeting the Pension Reform Challenge

After 10 long years of debate and refinement, The Netherlands’ new pension reform has been agreed upon. The new sweeping measures make up the most significant pension reform change the country has ever seen, and it will all come into effect on January 1st, 2026. But don’t let the six-year lead time lull you into a false sense of security – to comply with these new measures, you’ll need every day you can get.

So, just how big of a job will it be to meet these reforms’ requirements? Read more

The Future of The 3 Lines of Defence: Building Better Teams

August 26, 2020

The Future of The 3 Lines of Defence and The Roll Interpersonal Skills Has to Play

The Future of The 3 Lines of Defence: Building Better Teams

The Three Lines of Defence model for managing risk isn’t without its flaws. In previous blogs, we’ve shared some of our insights into what those shortcomings are and our ideas on how to improve upon them. But in working towards making the Three Lines of Defence model as efficient as possible, next to the need for data analytics skills, we can’t ignore the people-driven nature of the system.

Frequently, people are hired based solely on their experience and hard skills, but the job is as much as about having people skills and being a strong communicator as it is about having expertise. The most extensive knowledge is meaningless if it can’t be communicated with clarity, conviction and consideration. Challenging and support (see CP EBA and IIA update on 3LoD) of the First Line cannot be effective without well developed people skills.

So, how can you ensure that you have the right people on your teams? Read more

Is the Agile Approach Really Working for you?

July 20, 2020

How can Agile principles be applied to regulatory compliance?

Is the Agile Approach Really Working for you?

The twelve Agile principles – created to help solve IT challenges – have been around for nearly two decades now, inspiring many process frameworks, like SCRUM. The agile principles are still as relevant as ever by using people-focused communication, embracing changing requirements, creating trusted and empowered teams. They’ve done well to allow for more creativity, more flexibility, and end-result products that more closely align with a solution that the client wants. This all sounds perfectly ideal – and in some industries it absolutely is but:

How are these Agile principles applied in the context of regulatory compliance, and is it working? Read more

Taking Control with RISe

July 1, 2020

Taking Control with RISe

Taking Control with RISe

The regulatory change cycle can be exhausting and relentless. With insufficient time, money, and resources to implement meaningful, structural solutions, our clients often feel like they’re being held for ransom by the system; that they’re only barely making compliance deadlines with one-off, band-aid solutions that leave their teams exhausted and no more prepared to meet the next change.

But the regulatory change cycle doesn’t have to be a vicious one. Read more

Is the COVID-19 Crisis Dire Enough to use our Buffers?

June 17, 2020

Is the COVID-19 Crisis Dire Enough to use our Buffers?

Is the COVID-19 Crisis Dire Enough to use our Buffers?

The full impact that the COVID-19 pandemic has had on our world will likely only truly be understood once we’re past it – but it shouldn’t stop us from gathering the learnings we have now and adapting the best we can. Recently, the European Banking Authority published a paper entitled “The EU Banking Sector: First Insights into the Covid-19 Impacts” to shed some light on the ever-evolving situation.

So, what are our main takeaways from this report? Read more