What is a Financial Services Regulatory Consultant?
For many years, management consultants have carried out strategic reviews of financial services businesses and have advised on the future focus of activities. This has involved work on change management programmes, IT and other design and implementation exercises, cost-reduction and other strategic reviews and solution planning. Regulation is part of that work, but it isn’t the thrust of it. Increasingly, financial institutions need to respond quickly to an array of new regulation. Any proposed new business or strategy review needs to include regulation to a much greater extent than it used to. Regulatory breaches clearly need a regulatory response from the financial institution, but they require a strategic response as well. Regulation is at the heart of a financial institution’s activities and all of its strategic planning needs to have regulation woven into it – seamlessly. This is the work of the financial services regulatory consultant. Financial services regulation and strategic
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