Compliance - Is it all about ticking boxes?

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Considering the contextual drivers for compliance and how to respond to these by bringing a new perspective on enabling compliance change.

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Compliance - Is it all about ticking boxes?

  1. 1. Is it all about ticking boxes? Margins are being eroded where the only benefit is retaining the right to operate. BSG is passionate about being a proactive force for positive change. We intend to make a difference in the lives of others by positively impacting 100 million of our clients’ customers over the next ten years. www.bsgdelivers.com // @bsguk This is how we make this possible… UK regulatory landscape has recently been overhauled Overlapping jurisdictions External deadlines Significant penalties for non-compliance Board accountability Relationship between people, process and technology       Can compliance change be the vehicle for introducing benefits oriented change? How do you bridge the gap between knowing the change that is required and understanding how to execute it in your environment? Create opportunities for improvement by “looking under the hood” Reap the benefits of knowing customers better Reduce costs and increase reliability by looking for global process standardisation Rebuilding customer confidence with more trusted products and services Start from a broader perspective Break down silos Create opportunity for improvement Consider the needs of different stakeholders Design & execute practical projects Derivatives reform change implementation (Dodd Frank and EMIR) at a London bank Design & build of a regulatory reporting system at a London insurance market FATCA readiness assessment at a London specialist private bank

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