Site loading

Regulation Accelerator™

Problems our clients are facing

Our experience of partnering with financial services clients has highlighted these common regulatory compliance problems.

  • Lack of In-House Expertise through not having enough regulatory experience
  • Inconsistent Programme Delivery due to overburdened compliance staff
  • Regulatory Uncertainty having to address a large volume of regulations in an unstable political and economic environment

The SKT Consulting Regulation Accelerator™

To help our clients solve problems such as these, SKT Consulting built the SKT Consulting Regulation Accelerator™ from our experience delivering over 100 global financial services engagements.

We have successfully applied the SKT Consulting Regulation Accelerator™ to many regulations, including: Basel II, SM&CR, Sarbanes Oxley, IFRS 9 and MiFID II, though our expertise covers the full regulatory spectrum.

The SKT Consulting Regulation Accelerator™ is also suitable for your ongoing regulation needs, particularly those with key deadlines in 2018 and 2019 such as Basel III, CRD V, GDPR, EMIR and IFRS 17.

Our engagement model is designed to fit around your team, your requirements and your ways of working. We make your accountability our responsibility.

The SKT Consulting Regulation Accelerator™ allows us to expedite our clients’ programmes from a regulation’s announcement to full compliance. It helps ensure that our clients are compliant with domestic and global regulations. Furthermore, each stage has a defined approach and its own deliverables.

Call or email us to talk at 0207 100 9340 or getintouch@sktconsulting.com.

 

The Four Steps of the Regulation Accelerator….

The Regulation Accelerator™ uses a proven methodology that will help you overcome your regulatory challenges in four practical steps:

 

Our team can deploy the Regulation Accelerator™ two ways:

  •  Classic Response typically (10 months+) covers programme inception to full compliance. This is our preferred approach, and includes an ongoing quality assurance programme to maintain your compliance.
  •  Rapid Response (2-6 months) turns around an existing programme to meet an urgent need or deadline. We have the expertise to remedy work already in progress, or provide clarification that a particular programme is delivering.

Advantages

Our unique proposition has been built and defined based on many years’ experience in the industry. As a result, the SKT Consulting Regulation Accelerator enables you to implement regulation with greater speed and less disruption.

Ensure compliance

Our team of in-house experts work closely with clients and regulators to ensure compliance first time

Solve problems

We are able to tackle the problems that internal teams may not have the time, resources or expertise to do

Manage threats

We help you identify potential threats and implement strategies to keep your compliance on track

Reduce cost

We implement regulatory compliance efficiently and cost effectively, delivering value for money

Sustainable solutions

Built to last, our solutions remove the ongoing problem of regulatory compliance, and we’re happy to share our knowledge with you

Avoid penalties

We help you avoid the penalties and damage to reputation and customer loyalty from non-compliance

Case Study: Ensuring effectiveness of existing resilience programme

Challenge

Our client needed to ensure compliance with Basel I and II regulations. Our review revealed resilience arrangements to be ‘immature’, with gaps including a lack of strategy and governance, poor documentation, and no incident recording. This put the client at risk of potential threats across its global locations and inadequately prepared for events that could cause significant loss of life, buildings and/or infrastructure.

Our Role

SKT Consulting introduced a new strategy and programme across all global locations and developed a new risk framework resulting in identification of specific threats and assessment of their potential impact. These insights were then shared with bank employees through the implementation of training programmes.

Results

  • Implementation of sustainable programme fully compliant with Basel I & II requirements
  • Improved risk posture through successful implementation
  • Automated solution, future proofing the programme

Client Testimonial

“SKT Consulting did an excellent job, pulling together a detailed framework and operationalising it across numerous locations; I am over the moon with the results”

Global Head of Operational Resilience, Top Tier Private Bank