ACE Regulatory Change supports and assists in understanding, structuring and implementing (new) laws and regulations, which, due to their inherent complexity, effect all aspects of the organization.
ACE supports and aids organisations in understanding, structuring and orchestrating the implementation of (new) regulations and guidelines. The complexity of these regulations and guidelines mean that their implementation has a considerable impact on all aspects of the organisation in question and must therefore be orchestrated carefully.
ACE Regulatory Change is the only consultancy firm in the Netherlands that specialises in advising on and coordinating complex law and regulation programs in the financial sector.
Our clients include banks, insurance companies, asset managers, pension funds and regulatory supervisory bodies. We distinguish ourselves by means of three key qualities: knowledge of and experience with laws and regulations; knowledge of the financial sector; and extensive experience with change management in complex situations. Our consultants excel at balancing content and process in such a way that they, together with you, ensure the success of regulatory change.
Our insight and capabilities are your advantage
We mobilise and guide teams of professionals to execute regulatory change
We provide our knowledge, skill set and insight in the field of regulatory change in financial services
The laws and regulations that financial institutions must adhere to has changed considerably during recent years.
Financial institutions face increasing pressure as a result of changes in financial laws and regulations. This pressure can be observed in several trends. First, there is a strong societal drive to curtail the undesired effects of the financial sector. This has resulted in stricter standards for risks and more stringent capital requirements when compared to the parameters of the pre-crisis financial sector. Furthermore, the sheer number of (sometimes conflicting) rules and regulations has increased substantially.
Second, considerable changes can be observed in the way that regulatory bodies translate societal pressure into rules and regulations when we compare the situation pre-and post-crisis. National and European legislators have introduced specific, concrete and detailed requirements that almost all elements of a business, particularly in the financial sector, must adhere to. These elements include, but are not limited to, products, services, organization, procedures, processes, communication, IT, data management. Such requirements have direct, important and widely applicable effects or implications for business models, strategies and operations.
Finally, supervisory bodies are less understanding and patient when it comes to the operational and strategic impact inherent in regulatory change rules and regulations than prior to the crisis. This is partly due to the fact that supervisory bodies are themselves under more political and societal pressure to guarantee and safeguard the stability of the financial sector.
ACE Regulatory Change can help your organization not only navigate the stringent and ever changing laws and regulations but will also be able to take advantage of the strategic opportunities inherent in them.
Coming to Grips with Regulatory Change
The challenges of Regulatory Change place fundamental demands on your organization, people, processes, data and IT. Organizing and mobilizing the capabilities of people and tools in the most efficient and effective way is necessary in order to comply with the legislation.
Subsequently, we are of the opinion that this legislation and its implementation offer strategic opportunities. Indeed, the implementation of principle based legislation gives you the opportunity to differentiate yourself from the competition. Furthermore, decisive orchestration will free up executory manpower and management attention that can then be used to focus on the opportunities created by Regulatory Change. However, insight into and knowledge of these opportunities is essential in fully exploiting their potential – one of ACE’s areas of expertise.
ACE Regulatory Change advices on and assists organisations with regulatory change orchestration for both new and existing laws and regulations.
Concerning existing laws and regulations, ACE specializes in supporting and advising clients before, during and after supervisory bodies deliver on-site visit reports. Upon receiving the report, we assist in structuring, orchestrating and executing improvement programs in order to mitigate the risks identified by the supervisory body.Read more
In terms of new laws and regulations, ACE will first assess the impact of the new laws and regulations on all aspects of your organization. Which license holders do you have? Are all licensees truly necessary or can certain entities be combined? Is it possible to move activities between entities so that it is easier to comply to the new laws and regulations? How can we organize the organization in as simple a way as possible? As such, we firmly believe in organizing and structuring first and implementing after.Read more
Our ACE Regulatory Change team is growing. Our professionals employ their skills, knowledge and experience to ensure our clients’ success.