Comsure Risk and Regulation Support…11 Years and Still Going!!!

Since 2005 Comsure has helped clients deploy comprehensive strategies in response to financial service regulation.

Regulatory changes in the financial services industry have come with dizzying speed and complexity, often with massive implications for business models and competitive strategies.

We work with clients to:

address the impact of new regulatory requirements, and
we provide insights that allow clients to identify and seize market and competitive opportunities arising from regulatory change and
help identify the potential issues that may have a negative impact

Potential issues:

You don’t know whether you are regulated, or will be regulated
You don’t know whether you comply with your regulator’s rules
You might be spending too much to comply with regulations
There are too many regulations for you to cope with
You need to plan for staff training in light of new compliance issues
Proposed regulations might severely impact your business or lead to a loss in competitive advantage
You are concerned about the reputational risk from failing to comply with regulations
You want to confirm that your sales force is complying with the sales and marketing code of conduct

Comsure’s team:

Our exceptional team of former senior regulators and practitioners delivers deeper insight to clients on the most pressing regulatory concerns.

How we can support you:

In light of the wave of new regulation following the financial crisis, we have built strong capabilities to help clients understand the impact of regulatory changes and design mitigating strategies.

Minimise risk of regulatory fines or enforcement action by your regulator
Minimise risk of personal fines or enforcement against your executives
Take a proactive approach to addressing regulation and its impact, as opposed to a reactive ‘fire-fighting’ approach
Help you to maximise the competitive and strategic opportunities resulting from regulatory change
Reduce costs associated with regulatory compliance
Provide independent assurance and benchmarking of regulatory compliance
Share best practice recommendations and experience in regulatory reporting

Compliance and controls:

Laws and regulations are becoming ever more detailed, extraterritorial reach is increasing, and the consequences of non-compliance are more severe than ever. As a result, many companies are reviewing their overall approach toward achieving compliance through:-

Testing the lines of defense,
Monitoring compliance real time supported with RegTech/FinTech automated controls, and
Ensuring compliance functions work with the business units to eliminate compliance risk “at source” through the redesign of core business processes and automation.

Often, these steps need to go hand in hand with an organisational transformation that changes mind-sets and behaviours and in this process we help our clients

Diagnose their current state of compliance,
Design holistic transformation programs and/or
Support them on selected high-priority support and or interventions

Further areas in which we have distinct expertise include:

Independent assurance of regulatory compliance and benchmarking against industry peers, supporting your regulatory responsibilities
Assessment of current and future regulatory risk profile and impact of new regulations
Effectiveness reviews of current compliance departments
Developing and implementing a risk-based compliance control framework and monitoring programme
Helping to increase the profile of regulation and an appropriate compliance culture within your business
Evaluation of strategic implications of new regulations and integration into business model
Advice and assistance with regulatory relations and in meeting regulatory standards and expectations
Advice and assistance in getting your business authorised by a regulator
Assistance and support in dealing with regulatory enforcement actions and remediation exercises – getting your business back on an even keel quickly
Assistance preparing for visits by the regulator
Independent health-check on compliance with local AML regulation
Independent professional appointments under a regulator issued notice