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Regulatory change in the financial world

For the banks, insurers, asset managers and pension funds of Europe, the rules never stop moving. We help our clients get - and stay - in control, actually freeing up rather than consuming scarce resources.

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Office towers in Amsterdam’s Zuidas financial district

Why it keeps getting harder, not just busier

1
The rules arrive together
Institutions rarely face one regulation at a time any more. Prudential, conduct, financial crime and sustainability rules now land in the same period, each written on its own terms. They can touch the same products and the same teams.
2
Regulations land on the business
Requirements increasingly shape products, pricing, client journeys and the way decisions get made and recorded. That puts them with the business owners and not only with the policy or legal team, which is where the “hidden impact” needs more support.
3
Proof has replaced intent
Saying what you intend is no longer the test. Supervisors want to see how a decision was reached, and how it links back to the original requirement.

Who we work with

ACE accelerates regulatory transformation across the financial sector, from systemic institutions to challengers, and the supervisors who hold them to account.
Banks
Capital adequacy, prudential reporting and deepening AML expectations.
Insurance providers
Solvency II, IFRS 17 and a widening conduct and ICT agenda.
Asset managers
MiFID II conduct, AIFMD reporting and sustainability disclosure.
Pension funds
The Wtp transition and IORP II governance, with the data underneath.
Supervisory authorities
Regulators and supervisors safeguarding the stability of the system.

Coming to grips with regulatory change

Regulatory change reaches every part of an organisation. Everyone in the market gets the same rules, so what separates firms is how quickly and how well they absorb them.

The demand

It never stays with compliance

One change lands in the policy, then in the processes behind it, in the data, in the systems and in the people who now have to work differently. Getting all of that moving on time is simply the price of staying compliant.

  • Scarce specialists pulled off other work
  • The same question answered differently in two teams
  • Board time going to compliance instead of the business

The advantage

Done once, it keeps paying back

The interpretation, the controls and the evidence built for one change carry into the next one. Each round costs less than the one before, and the people freed up go back to value-generating work.

  • One interpretation the whole institution can work from
  • Specialists back on the questions they should be focused on
  • Management can see where the things stand without a scramble

Let us take you further

Schedule a 30 min call. No slide decks. Just a practical assessment of your needs and how we can help.

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