October 9, 2019
The responsibility of creating a more sustainable environment falls in not only each individual but on every business – and the financial sector is no exception. Moreover, the financial sector can accelerate the change towards a sustainable economy. While the European Committee, as well as local authorities and regulators, have already begun setting sustainability regulations, they are largely still only voluntary – for now.
October 4, 2019
Unless you’ve been living under a rock for the past three years, you’ve undoubtedly heard the word “Brexit,” though precisely what it entails is still slightly up in the air. Roughly, it is the withdrawal of the United Kingdom from the European Union which was decided following a June 2016 referendum. Since then, the details of the nature of the withdrawal have significantly been debated but essentially boil down to a Deal or No-Deal Brexit. A No-Deal Brexit means that consumers, businesses, and public bodies will need to respond immediately to the changes as a result of the UK leaving the EU as per the end of this month. If the UK manages to create a Deal Brexit, all of these entities will have 14 months to make the transition, with a possibility to extend this transition period once with two years: either way, change is on the horizon and not understanding the ramifications of such will be disastrous for any institution.
September 9, 2019
Exciting things are happening at ACE, and we’re excited to share them with you.
One of such, we’re proud to announce, is as of September 1st, we’re welcoming a new partner, Geert Waardenburg.
We’ve always believed in a personable approach in our business so we thought we’d let you all get to know Geert a bit better.
August 5, 2019
Change in the regulatory domain can be hard. Sometimes, a toxic mix of regulatory requirements, the compliance deadline, data that is not there and cultural challenges of working in large, complex and perpetually moving financial institutions make it seem impossible to make progress. It is precisely that challenge that drives Nick Prince in his work. Always strategizing, looking for opportunities to make an impact for the better and leaving behind sustainable outcomes.
July 17, 2019
In today’s regulatory environments, teams desire autonomy and empowerment as they implement changes. For senior management, ‘control’ is a necessity to keep track of deadlines and risk – before issues appear. How do you find a balance between these?
July 4, 2019
“Connecting professionals in Operations, IT, Risk, Finance and Compliance to successfully orchestrate and implement regulatory changes drives me, says Arthur Willigenburg, founding partner of ACE Company. “I love working with professionals, establishing connections where there are lacking, inserting the right expertise at the right time and seeing the positive results at the end of our engagements.”
June 17, 2019
Risk management might well be one of the most important and most challenging aspects for any financial organization. It is not just about identifying and mitigating risks for the benefit of your own company; regulatory- and oversight bodies expect you to have certain mechanisms in place in order to comply with regulations. Sometimes these regulations feel like a burden, but we believe they can actually be of help to form a good strategy.
Throughout the different implementations of the Basel Accords, or Solvency II in Insurance, risk management has always been a primary goal. The focus of the regulations lies heavily on the financial risks that institutions might face, although non-financial risks are also being addressed. These types of risks can have an enormous impact on an organization and can even become financial risks. Having a clear insight of the types of risks you can run into, is not only a necessity to comply with Basel or Solvency II. It is also the basis of a strong strategy, should your company have to act on them.
June 3, 2019
Complying with regulatory change is not a linear, one-off process. It’s a continuous flow of laws and rules and regulations being introduced, assessed, implemented and monitored. Being in control of this cycle will allow for smoother compliance both now and in the future. At ACE, we are aware that this cycle of change also brings multiple challenges with it as opposed to one-off problems that need solving. Because of this, we apply (in the right way) a framework that can cover any of the 7 distinct phases of regulatory change.
So, what are these 7 steps that make up this framework? And what is the best way to tackle them? Let’s take a look.
May 13, 2019
One of the most exciting times a business can go through is during a merger or while acquisition – but this can also be a time of great stress. Trying to ensure all the moving pieces not only fit together but can come together smoothly and timely to create a new entity can be a complex process. Although each of these movements is unique, there is one prerequisite they have in common: before they can happen, they need that all-important Declaration of No Objection from the powers that be.
April 24, 2019
Ensuring your business will be ready to meet regulatory changes can be overwhelming – we know – but it doesn’t have to be.
At ACE we use our wealth of experience and know-how to help companies like yours meet the challenges of changing landscapes and we’ve developed a personable approach that optimises these transitions.