Governance, Regulation and Compliance Service Sheet | FTI Consulting

Governance, Regulation and Compliance Service Sheet

Insurance | Forensic & Litigation Consulting

February 17, 2018

Complying with the complexity and impact of regulations requires an integrated approach that leverages existing enterprise infrastructure; and one that provides a path forward for compliance, combined with continuous financial and operational improvement. These imperatives are supported by properly designed governance structures that provide clear definitions for requirements, guidance, authorization, responsibility, controls and communication related to regulatory compliance. Our Global Insurance Services team has the experience and expertise to help clients develop governance frameworks, conduct internal audits to assess needs and effectiveness, and to understand, remediate, manage and comply with specific requirements of each regulatory regime.

Governance Frameworks

Effective corporate governance requires proactive and credible involvement in the financial and operational drivers of the business: establishing requirements, roles, responsibility, authority, and accountability for major enterprise initiatives; communicated and actualized through policies, standards, processes and controls; and supported by the appropriate underlying culture. We are experienced at establishing governance frameworks, and assessing and remediating governance risk, improving the integrity and value of information flowing between management and the board; as well as assessing processes, controls, financial functions and various quantitative models, methods and data applicable to risk decision making.

Regulatory Interpretations and Remediation

Our consultants provide an objective interpretation of regulations and their myriad changes to help clients understand what is required to achieve and maintain compliance. Our interpretations take into account the forward-looking, judgment-based and outcome-focused nature of regulations as U.S. and UK regulators seek to harmonize regulations across regimes. This includes a focus on governance and conduct, with quality of customer outcomes as a prime objective.

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Key Contacts

Paul Braithwaite

Senior Managing Director, Co-Leader of Insurance Services

Wendy Shapss

Senior Managing Director, Co-Leader of Insurance Services