Governance, Regulatory Risk and Compliance
Our clients face an increasingly demanding and interventionist regulatory environment. The compliance challenge and the implications of non-compliance are business critical issues, as is embedding the level of culture change which regulators are seeking.
The Financial Services team at FTI Consulting supports financial institutions, regulators, governments and enforcement agencies across the full spectrum of financial services regulation. Our clients operating in the financial services industry include banks, broker-dealers, investment managers, interdealer brokers, cryptocurrency exchange platforms, regulatory bodies and law firms.
We are committed to helping our clients manage change, mitigate risk and resolve disputes. Our multidisciplinary approach to complex situations enables us to have a tangible impact on our clients’ most complex opportunities and challenges.
We listen to the needs of our clients to provide both pragmatic and practical solutions.
Our Offerings
Compliance Assurance
At FTI Consulting, we appreciate that an effective compliance framework must complement the size, scale and...
At FTI Consulting, we appreciate that an effective compliance framework must complement the size, scale and nature of your firm’s activities.
We can assess whether your compliance frameworks and associated systems and controls are compliant with regulation and likely to meet regulatory expectations. This can be in the form of a full end-to-end review, or as otherwise required to help identify gaps and provide assurance.
We will identify not only whether your processes meet the letter and the spirit of regulation but also where process efficiency can be improved.
Our focus is on cost efficiency and control effectiveness, and we benchmark our clients’ arrangements against peers and industry best practice.
Regulatory Risk and Compliance Management Frameworks
Many global organisations rely on our senior financial services consultants for trusted, independent expert...
Many global organisations rely on our senior financial services consultants for trusted, independent expert guidance on risk-management practices.
Our financial services consultants have worked on a range of remediation projects across risk and regulation matters to help clients achieve the desired outcomes, including providing hands-on support so firms do not have to divert key resources away from day-to-day operations.
We work closely with senior management and compliance staff to assess the extent of gaps and deficiencies in their compliance framework. We then mobilise and project-manage small or large teams, as required, to rapidly and efficiently support the delivery of remediation programmes. Our remediation programmes also encompass extensive capabilities for policy and procedure development and training.
Disputes and Investigations
The cost and reputational harm of litigation, regulatory censure and redress can be substantial.
The cost and reputational harm of litigation, regulatory censure and redress can be substantial.
We offer a wide range of integrated services to support clients across an array of contentious matters, often in the face of regulatory enquiries, or to support an internal investigation or enforcement action.
Our multidisciplinary professionals work with senior management, compliance and legal teams on a range of regulatory disputes and investigations.
Our disputes and investigation services to clients include:
- Section 166 skilled person review and supporting clients in receipt of the same;
- Responding to formal regulatory inquiries
- Working alongside or supporting law firms during litigation or as part of alternative dispute resolution
- Acting as an expert witness
- Investigating conduct-related allegations, such as misconduct by individuals or wider business segments (e.g., mis-selling or contraventions of compliance policy or regulation)
- Investigating trading irregularities, including allegations of market abuse
- Investigations following a whistleblowing event
Governance
We assist our clients in ensuring that their governance practices are appropriately structured and evidenced,...
We assist our clients in ensuring that their governance practices are appropriately structured and evidenced, are consistently executed and are demonstrative of a robust conduct risk framework.
Our goal is to support clients in improving their oversight of risk-management activities and to identify necessary actions to minimise risk, whilst ensuring alignment with regulatory expectations and industry standards.
We work with clients to properly identify the challenges they face and help develop bespoke programmes. Our experience of working on both sides of the regulatory fence allows us to understand the difficulties that can arise when identifying, managing and mitigating conduct risk, alongside the governance challenges which it can present.
We believe in having open and candid discussions, to help evaluate and review the effectiveness of both your governance arrangements and your level of compliance with regulatory expectations.
Regulatory and Business Change
Across the financial services sector, the role of compliance functions continues to expand and evolve whilst...
Across the financial services sector, the role of compliance functions continues to expand and evolve whilst needing to stay apace with, and support, new agile ways of working.
We understand how critical effective risk and compliance frameworks are in supporting a firm’s ability to operate, protect reputation and strengthen business relationships.
Aided by the onset of technological innovation within the risk and compliance space, our implementation strategies combine technology solutions to support process efficiency and advanced analytics, which strive to support a more proactive and client-centric approach to managing compliance risks.
- Regulatory Change. In the face of an increasingly demanding and interventionist regulatory environment (both domestically and internationally), it can be a challenge for firms to consistently monitor regulatory change and ensure that their compliance frameworks remain effective and fit for purpose.
We recognise there is no single “right way” to “do” compliance and the implications of non-compliance are business critical with the potential for far-reaching consequences. We apply a holistic lens to minimise regulatory risk and provide practical support to clients in establishing compliance frameworks that meet required standards. - Business Change. As businesses move to expand their offerings, be it through new business lines or products, entering new geographies or through strategic mergers and acquisitions, it is vital to fully assess the impact of new or different regulatory requirements and implement policies and procedures to remain compliant. There may also be a need to apply for and obtain new regulatory licences, which can be a complex and time-consuming process.
Our team supports clients in assessing the impacts of change and successfully implementing the required changes or updates to risk and compliance frameworks.
Remediation Programmes
On occasion, it becomes necessary for firms to establish remediation programmes to achieve and demonstrate...
On occasion, it becomes necessary for firms to establish remediation programmes to achieve and demonstrate compliance with specific objectives.
Evaluating and improving regulatory compliance and risk management practices while complying with evolving regulatory guidance, laws and regulations can be a challenge. We work with clients to enhance their oversight of risk, to identify actions to improve business decisions based on aligning risks with returns and to minimise negative regulatory reviews.
We do this by developing appropriate risk assessments as well as supporting the implementation of robust systems and controls, such as technological solutions and policies and procedures that are praised for striking the right balance between pragmatism and managing regulatory risks.
Resource Augmentation
At times, clients require urgent resources on the ground.
At times, clients require urgent resources on the ground.
This can be to build out their team, or an individual as an interim resource to support with implementing business continuity measures, crisis management or to simply support the client with its business-as-usual activities.
Our team benefits from a diverse range of regulatory risk and compliance experts who can assist clients in managing the pressures they face. We have helped firms of different sizes and natures with on-the-ground support to respond to regulatory requests and supported management teams by providing strategic advice on all aspects of internal and external event-driven communications.