Advise our clients in better understanding and anticipating the upcoming regulatory changes. The scope of regulatory intelligence is extensive and is considered to comprise the aggregation of numerous sources, followed by appropriate analysis, filtering and interpretation to produce a range of defined outputs, which include regulatory strategy, impact assessments and relevant dissemination of key information to everyone involved in making decisions with respect to current and future business.
WHAT IS THE background ?
• New regulatory concepts are more frequent and complex
• Regulatory definitions can be different from a regulator to another
• Questions from the regulators related to the application of the new concepts are more frequent and are monitored more closely (example: CRR/CRD self-assessment)
• Uncertainty on components of key regulatory developments
WHAT ARE the challenges ?
• Monitoring the regulatory requirements with a large number of different regulatory bodies (ECB/EBA/BCBS/FSB/ESMA/European Commission)
• Regulatory knowledge and views are widely spread within the organisation (“regulatory affairs” or “regulatory watch” functions act centrally and are also embedded within the business)
• Lack of resources and time to understand and agree on the new concepts
• Regulatory interpretations lead to significant differences amongst Banks and internally (group vs. local)
Our Regulatory Matter Experts (RMEs) can assist you in:
- Redacting specific technical papers to better understand the new rules (background, analysis, market practice, examples and proposition of solutions)
Example of recent technical papers we prepared for our clients:
- Do Banks need to publish Pillar 3 reports for significant subsidiaries?
- What is the scope of Basel 4? Only upcoming BCBS rules or wider?
- How to align the new EBA/NPE forbearance definition with my stage 2 and 3 IFRS definitions?
- How to leverage my regulatory reporting data for my IFRS 9 implementation project?
- Preparing impact analysis thanks to in house tools:
- IFRS 9 simulations
- CRR/CRD self assessment
- Basel 4 simulations
- SREP quantitative assessment
- Acting as a regulatory watch department thanks to MLAdvisory’s Regulatory Requirements Repository tool (1400+ rules are monitoring daily)
- Embedding regulatory change in your forward looking process (budget, business model, profitability)