Regulation and compliance have been around since the Romans began regulating societies.
It has definitely intensified since then and financial organisations are now obligated to adhere to strict guidelines to avoid potential litigation and remain operational. In today’s financial services industry nothing could be more important to the success and continuation of the business than to ensure that firms stay on the right side of their relevant regulations.
With ever-increasing change and the regulatory risk involved, many firms spend significant time and resources tracking and analysing regulatory change and finding suitably skilled staff, all adding up to increased pressure on budgets. Compliance to regulations is proving to be one of the biggest challenges firms face today.
As a result, and in order to prevent potential compliance issues, organisations turn to FAI for specialised consulting to ensure that compliance is at the core of their business.
Customer assurance
Customers need assurance that their investments and trading activities are being monitored against fraud or misuse of funds. Moreover, a customer/investor will most likely be attracted to engage in an organisation that provides this assurance.
Risk mitigation
Protection against litigation
Time management & reporting
Following compliance procedures and ensuring crucial regulatory reporting requirements are duly completed and filed
At FAI Comply, we tailor each package to suit our clients’ needs, from providing training, support and guidance, to overseeing each and every function and being fully outsourced. This is done through our consulting process, which involves gaining a deep understanding of our client’s needs and goals. From investment firms, payment services providers, straight-through processing models and complex market makers, to portfolio management and investment advice, we are able to put in place and oversee all the necessary requirements of the regulator.
Insider trading, collusion, terrorist financing and money laundering, among other things, means that compliance and anti-money laundering (AML) carry considerable risk.
The "Internal Capital Adequacy Assessment Process” (ICAAP) is an overall valuation of the risks a financial institution faces, how they intend to mitigate those risks and how much current and future capital is needed having considered other mitigating factors.
An effective internal audit requires a diversity of skills that many companies find difficult to source and retain. Increasingly companies are leveraging the benefits of outsourcing to support their corporate governance and risk management requirements.
Our team of experts at FAI Comply is able to assist your company in this changing landscape and offer high-quality advice on a broad range of regulatory issues. We seek to understand your business and provide you with practical and cost-effective solutions, through our responsive and flexible approach.
In the financial world, the ever-evolving set of regulations following the recent financial crises have highlighted the critical importance of having highly defined risk management controls.
In today’s financial services industry nothing could be more important to the success and continuation of the business than to ensure that firms stay on the right side of their relevant regulations.
