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.
April 11, 2019
Every day at ACE we help businesses navigate, orchestrate, and implement new strategies to keep them up-to-date and ahead-of-the-curve of regulatory change with our expertise. Staying informed on the latest rules and regulations and the impact on IT, data, architectural solutions and regulatory strategies is a big job. We would like to share our knowledge and best practices with all of our clients by keeping up a periodic blog.