Regulatory Change

Strategy Execution, Change Management & Orchestration

In a constantly changing environment, it becomes more and more challenging to remain in control and to continue delivering to strategic goals. Next to political, environmental and economic challenges, new laws and regulations create a complex legal landscape to which (financial) institutions have to comply. New demands pose challenges to existing policies, processes and technology, and even require innovation in the areas of data and technology.

Beyond this constant challenge, recent worldwide events have led to significant changes in ways of working and business processes.  Hence strategies can no longer be the traditional “3 year plan” – they need to be robust but flexible, focusing on early execution and results, without sacrificing a clear strategic direction.

At ACE we are experienced with implementing strategic change from A to Z. We believe in making the process as lean, non-invasive and down-to-earth as possible. We combine top down and bottom-up approaches, leveraging both your and our experience together, to create a fit for purpose approach. By placing an emphasis on stakeholder alignment (e.g. supervisors, shareholders, business partners, employees, suppliers, clients etc), we ensure traction and buy-in. We work in small teams, shoulder to shoulder with our clients, facilitating business transition from the outset.  ACE thrives in multi-disciplinary, high pressure environments, where a range of leadership and communication styles are not just desirable, but essential.

Regulatory and management reporting

The total number of (financial) disclosures is extensive and differs per competent authority. Next to regulatory reporting, decision-making based on timely, accurate and fact-based data is becoming more and more critical. ACE facilitates the creation of a regulatory roadmap based on our horizon scanning capabilities to comply with all regulatory and management reporting requirements that are applicable to your financial institution.

We do this by creating a management tool that allows you to plan programs, initiatives, and other actions based on the translation of regulatory requirements into data requirements. We call this Regulatory Roadmap 2.0, which includes the regulatory compliance dates, important due dates in the individual programs, initiatives and other actions based on the actual data requirements. To build this we utilize our deep understanding of finance and risk data definitions, data elements and data management.  We understand that data is the primary source for planning activities in the regulatory space taking into account future business requirements and we have extensive experience in marrying the data supply and demand. Robust regulatory management reports are the outcome of a sound and diligent process, in which up to date regulatory requirements as well as the data architecture and landscape are optimized. ACE can support you in creating a program management approach or setting up an orchestration team to implement all changes in a timely and smooth manner. Such an approach or team can help manage the workload as a result of ever-changing requirements for regulatory and management reports. We have comprehensive experience in leading multi-disciplinary teams across a range of financial institutions. We work collaboratively with you to create new or enhanced capabilities. Our in-depth knowledge and know-how combined with our implementation power guarantees successful and effective completion of your engagement.

Scaled Agile in Regulatory Context

In today’s complex and ever-challenging regulatory environment, expectations from the regulating bodies are continuous and demanding. No longer are trade-offs allowed between quality and time. Complicating this picture is the journey towards Scaled Agile delivery that many companies are in the middle of. Yet Agile, by definition, is exploratory in nature, allowing the journey to be defined iteratively. It has the trade-off of not knowing exactly where you are going to be, or when you are going to get there. In our experience, truly agile organisations, paradoxically, learn to be both stable (resilient, reliable, and efficient) and dynamic (fast, nimble, and adaptive). Nowhere is this stability more important than in the regulatory context.

How we work

Our multi-layered approach operates at both executive and delivery level, while also orchestrating the interactions between these two. Our skills and understanding are unique, bringing together knowledge in regard to the journey, the regulatory context, orchestration of complex programmes within the context of Agile, the knowledge of how to embed change within an organisation, as well as the pragmatism of knowing when to prioritise maturity over delivery, and vice versa. We do this across the entire chain, from the executive through to the team level, without building an additional empire. Implementation is customised against your requirements, your maturity, and your ambition – we adapt to your need. Contqact Geert or Arthur for more information.

Clients often experience that there is no shared ownership of the problem of lacking control. The pressure of delivery deadlines and quality is felt almost tangibly by the senior management in the financial organisation. However, the delivery teams, while being committed and professional, often see control as a “bad word” – in fact the lack of control can often be perceived as a virtue – manifesting in freedom and flexibility – two cornerstones of the Agile manifesto. Agile itself is not the issue, however, Scaled Agile cannot be implemented overnight. Moving to Agile itself is a journey that needs to be managed and supported, until the organisation is mature enough to understand their roles and responsibilities naturally.

Pieter Vrieleman

Senior Consultant

Interested in working with us.

Call 085 3034271 or complete the form and we will contact you within 24 hours.