Blog

Managing Risks and Finding Opportunities in the Climate Crisis Landscape

January 15, 2020

The Definition of Default

Managing Risks and Finding Opportunities in the Climate Crisis Landscape

Though long (and still by some) debated – climate change is real, and its effects can be felt and seen the world over. And it’s only becoming more severe. This is why the Executive Director of Supervision at De Nederlandsche Bank, Frank Elderson, will no longer use the passive and too neutral term “climate change” stating “we are in the middle of a “climate emergency.” From now on, I will call it what it is: a crisis. The Climate Crisis.” And ACE wholeheartedly agrees with this sentiment. But what does this mean for financial institutions? What role does the world of finance have to play in combating this crisis? How can you ensure that you’re not only complying with new regulations but helping to further green initiatives and taking advantage of any opportunities this crisis has created? Read more

The Definition of Default

December 18, 2019

The Definition of Default

The Definition of Default

It’s no secret that the definition of default is changing, and come 2021, we all need to change with it. The new thresholds that constitute being in default have been set, and all banks will need to comply. This new initiative by the European Banking Authority and the Commission will eventually allow for a better comparison of banks and likely overall lead to more financial stability and a healthier industry in general. But compliance for most institutions will have its challenges. What are these challenges, and what is the best way to forecast and get ahead of them? Let’s look. Read more

ARM: The Regulatory Prototype Game-Changer

December 4, 2019

ARM: The Regulatory Prototype Game-Changer

ARM: The Regulatory Prototype Game-Changer

Complying to regulatory change is a complicated challenge for most institutions – but does it have to be? At ACE, our mission is to improve the speed and quality of insight across the entire regulatory value chain, and we’re excited to say we have a new way to do just that. Read more

Assess Requirements and Integrated Impact; A Deep-Dive into Step 2 of the 7-Step Cycle of Regulatory Change

November 14, 2019

The importance of Assess Requirements and Integrated Impact in regulatory change.

Assess Requirements and Integrated Impact; A Deep-Dive into Step 2 of the 7-Step Cycle of Regulatory Change

In this blog, we’re going to continue our deep-dive series into our 7-Step Cycle of Regulatory framework. ACE, of course, has a different philosophy and approach to regulatory change compliance, seeing it as a cycle and not as a linear, one-off process. Last time we took a more in-depth look into the first step of the cycle – identifying regulations. But what happens after that? Well, naturally, it’s step 2 in the 7-Step Cycle of Regulatory framework cycle.

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Identifying Regulations; A Deep-Dive into Step 1 of the 7-Step Cycle of Regulatory Change

October 23, 2019

Identifying Regulations; A Deep-Dive into Step 1 of the 7-Step Cycle of Regulatory Change

Identifying Regulations; A Deep-Dive into Step 1 of the 7-Step Cycle of Regulatory Change

As discussed in one of our previous blogs, ACE has a different philosophy and approach to regulatory change compliance. Where often people tend to think about complying with regulatory change as a linear, one-off process, we see it as a 7-step cycle that is continuously in motion. We see the processing of new regulations as a management issue, not just a single problem that needs to be solved. It’s this ideology that leads us to shape our work around our 7-Step Cycle of Regulatory Change framework. This week’s blog is the promised follow-up, deep-dive look at this cycle: and what better place to start than Step 1?

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Future-Proofing with Sustainability Compliance

October 9, 2019

How to comply with sustainability regulations

Future-Proofing with Sustainability Compliance

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.

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What’s the Best Way to Navigate Brexit?

October 4, 2019

What’s the Best Way to Navigate Brexit?

What’s the Best Way to Navigate Brexit?

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.

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Meet our new partner, Geert Waardenburg.

September 9, 2019

Geert Waardenburg joins ACE as partner.

Meet our new partner, Geert Waardenburg.

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.
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Complexity is unavoidable. Enjoy it while you can!

August 5, 2019

Complexity is unavoidable. Enjoy it while you can!

Complexity is unavoidable. Enjoy it while you can!

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.

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‘Control’ is not a dirty word

July 17, 2019

‘Control’ is not a dirty word’

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?

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