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This becomes more pressing as the rate of new regulation accelerates, where you’ll increasingly need people to coordinate projects and compliance across the business, even as new regulation overlaps and contradicts.",{"type":318,"content":364},[365],{"text":366,"type":322},"Most often, this team must be multi-disciplinary, because you’ll need a mix of legal input to interpret law, business input to translate that to business activities, and finance. You’ll also want defined processes and defined roles with clear responsibilities and oversight from day one, so that those teams can provide value.",{"type":318,"content":368},[369],{"text":370,"type":322},"Assigning a team specifically to regulatory compliance means you have people who can collect and follow the data you need. 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Most importantly, your team has to be diverse, because the people capable of identifying legal needs are rarely the people comfortable with ensuring teams. Here, you should focus on identifying needed change based on compliance and law, prepare for that change by creating strategy and communicating business needs, assess the impact of change, and then use that data to build a regulatory roadmap with deadlines and milestones.",{"type":318,"content":383},[384],{"text":385,"type":322},"With a regulatory compliance team in place, you should be able to map out all upcoming compliance and regulatory requirements, so that affected departments always know what’s coming. Once you have those frameworks in place, you need ongoing communication to ensure teams stay aligned, to prevent siloes from forming, and to ensure work stays on track, and tooling will do a lot to help you there.",{"type":328,"attrs":387,"content":388},{"level":330},[389],{"text":390,"type":322,"marks":391},"Implementing Change",[392],{"type":336},{"type":318,"content":394},[395],{"text":396,"type":322},"Implementing planned change normally means shifting responsibility to the business side, while the legal and compliance team is consulted to ensure work stays within compliance requirements. That includes updating those requirements as legislators and regulators change the law or add new guidelines.",{"type":318,"content":398},[399],{"text":400,"type":322},"That’s normally achievable, providing you have people in place to track those changes, because regulatory changes most often take years to go into effect. They’re updated during the 2-3-year gap based on assessments, input, and as regulators learn more about the problems they’re trying to solve. So, while there are large lead times, it’s important to continue to communicate with the regulatory compliance team and to update the strategy as necessary.",{"type":318,"content":402},[403],{"text":404,"type":322},"Once you have a good team in place, the next step is to invest in selecting good tooling to assist with decision-making. 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It impacts many aspects of the business and if left unmanaged, eats away precious time, energy and funds.",{"type":318,"content":435},[436],{"text":437,"type":322},"I am passionate about helping our clients regain control and grip on strategic change, both at portfolio and individual programme level. 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