Sunday 16th December 2018
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Comsure operates in:the UK, Jersey, Guernsey

Comsure Risk and Regulation Support…12 Years and Still Going!!!

Since 2005 Comsure has helped clients deploy comprehensive strategies in response to financial service regulation.

Regulatory changes in the financial services industry have come with dizzying speed and complexity, often with massive implications for business models and competitive strategies.

We work with clients to:

  1. address the impact of new regulatory requirements, and
  2. we provide insights that allow clients to identify and seize market and competitive opportunities arising from regulatory change and
  3. help identify the potential issues that may have a negative impact

Potential issues:

  1. You don’t know whether you are regulated, or will be regulated
  2. You don’t know whether you comply with your regulator’s rules
  3. You might be spending too much to comply with regulations
  4. There are too many regulations for you to cope with
  5. You need to plan for staff training in light of new compliance issues
  6. Proposed regulations might severely impact your business or lead to a loss in competitive advantage
  7. You are concerned about the reputational risk from failing to comply with regulations
  8. You want to confirm that your sales force is complying with the sales and marketing code of conduct

Comsure’s team:

  1. Our exceptional team of former senior regulators and practitioners delivers deeper insight to clients on the most pressing regulatory concerns.

How we can support you:

In light of the wave of new regulation following the financial crisis, we have built strong capabilities to help clients understand the impact of regulatory changes and design mitigating strategies.

  1. Minimise risk of regulatory fines or enforcement action by your regulator
  2. Minimise risk of personal fines or enforcement against your executives
  3. Take a proactive approach to addressing regulation and its impact, as opposed to a reactive ‘fire-fighting’ approach
  4. Help you to maximise the competitive and strategic opportunities resulting from regulatory change
  5. Reduce costs associated with regulatory compliance
  6. Provide independent assurance and benchmarking of regulatory compliance
  7. Share best practice recommendations and experience in regulatory reporting

Compliance and controls:

Laws and regulations are becoming ever more detailed, extraterritorial reach is increasing, and the consequences of non-compliance are more severe than ever. As a result, many companies are reviewing their overall approach toward achieving compliance through:-

  1. Testing the lines of defense,
  2. Monitoring compliance real time supported with RegTech/FinTech automated controls, and
  3. Ensuring compliance functions work with the business units to eliminate compliance risk “at source” through the redesign of core business processes and automation.

Often, these steps need to go hand in hand with an organisational transformation that changes mind-sets and behaviours and in this process we help our clients

  1. Diagnose their current state of compliance,
  2. Design holistic transformation programs and/or
  3. Support them on selected high-priority support and or interventions

Further areas in which we have distinct expertise include:

  1. Independent assurance of regulatory compliance and benchmarking against industry peers, supporting your regulatory responsibilities
  2. Assessment of current and future regulatory risk profile and impact of new regulations
  3. Effectiveness reviews of current compliance departments
  4. Developing and implementing a risk-based compliance control framework and monitoring programme
  5. Helping to increase the profile of regulation and an appropriate compliance culture within your business
  6. Evaluation of strategic implications of new regulations and integration into business model
  7. Advice and assistance with regulatory relations and in meeting regulatory standards and expectations
  8. Advice and assistance in getting your business authorised by a regulator
  9. Assistance and support in dealing with regulatory enforcement actions and remediation exercises – getting your business back on an even keel quickly
  10. Assistance preparing for visits by the regulator
  11. Independent health-check on compliance with local AML regulation
  12. Independent professional appointments under a regulator issued notice

For more information please contact:

Mathew Beale – Principal (Director) – (the “Comsure Group of Companies”) Chartered FCSI

Gary Godel – Head of Regulatory Risk – LLB (Hons) FCCA ACIB Dip IoD –

Simon Harman – Risk and Compliance Consultant – BA (Hons), PgDL, Chartered MCSI, DipPFS, MIoD

Chris Toudic – Compliance Support and Project Administrator

Adam Bendelow – Digital Marketing and Data Management Consultant

Helen Roche – Office Manager

No 1 Bond Street Chambers, St Helier, Jersey, Channel Islands, JE2 3NP

Direct Tel: +44 (0) 1534 626830

Mobile Tel: +44 (0) 7797 732 828

  • Direct Tel: +44 (0) 1534 626841
    Mobile Tel: +44 (0) 7797 747 490
    Fax: +44 (0) 1534 626842
  • Skype: comsurecompliance
  • comsuregroup.com

The “Comsure Group of Companies” = Comsure Compliance Limited, Comsure Technology Limited, Comsure Governance Limited
Compliance | Training | HR | Technology | Due Diligence | Government Services

 


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