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CAPABILITY


THE REGULATORY AND
COMPLIANCE CHALLENGE

Four priorities drive regulatory and compliance programs.

Waves of regulations are keeping financial services institutions on their toes. Costs for compliance are high, and financial institutions should frequently restructure to keep in compliance and future-proof the enterprise. Most institutions struggle to balance compliance and operating concerns with their need to craft a strong reputation as a desirable employer and good corporate citizen.

Several themes underlie the need for change in regulatory and compliance programs according to senior financial services compliance executives surveyed by Accenture:

Regulation

Continuing waves of regulation are driving significant compliance cost increases.

Restructuring

Financial services institutions should future-proof their operating models to remain compliant as demand for fundamental change continues.

Reputation

Financial services institutions should continually manage and enhance their reputation as corporate citizens and desirable employers.

Cost effectiveness

Financial pressures mean financial institutions should work to keep compliance costs within reason.

HOW CAN ACCENTURE HELP

Building a responsive strategy and lasting implementation with global perspective

Accenture’s regulatory remediation and compliance transformation capabilities can help financial services firms across the four dimensions of regulation, restructuring, reputation and cost reduction. We help financial institutions with:

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Global and local integration:

Helping firms meet regulations, both around the corner and across the globe acquisition integration

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Responsiveness:

Helping businesses adapt to changing stakeholder expectations

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Sustainability:

Helping to drive lasting outcomes for financial institutions by integrating our unique, offshore delivery capability


Services offered

We offer several solutions for supporting regulatory remediation and compliance transformation. These include:

Compliance Transformation

  • Surveillance
  • Strategy and Target Operating Model
  • Governance, Risk, Compliance
  • Management Information and Performance Management
  • Operations Strategy
  • Regulatory Change Management
  • Risk Management
  • Compliance Labs and Technology
  • Digital Compliance

Regulatory Remediation

  • Compliance and Financial Crime Regulations
  • Conduct Regulations
  • Front Office Regulations
  • Insurance Regulations
  • Prudential Regulations
  • Structural Regulations
  • Regulatory Reporting
  • Third Party Risk Management
2018 COMPLIANCE RISK STUDY

Take a modular approach to Compliance transformation, so you can move at the pace of the digital age.

Accenture’s 2018 Compliance Risk Study has revealed that companies may be hindering their growth by overly focusing on current risks instead of taking a proactive approach to managing the risks that are now coming to the fore, such as the proliferation of virtual currencies and new concerns about corporate conduct.

In this volatile risk ecosystem, the idea of phasing development across a multi-year roadmap is challenged by the need for continuous improvement in-line with industry transformations. Change is no longer optional. To succeed, industry leaders should lead with innovation, configuring their operating model, technology and talent strategies to establish Compliance 2020 and beyond. Download our latest study to learn more.

READ MORE

Previous compliance reports: 2017 | 2016 | 2015 | 2014

TOP OF MIND

Anticipating today’s and tomorrow’s needs

See why financial firms may need to focus their approach and better define compliance.

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Source:
* Accenture 2016 Compliance Risk Study, February 2016