The Compliance Challenge
The volume and complexity of regulations affecting the investment management industry has reached unprecedented levels and this trend is set to continue. Investment Managers are challenged with the continuous need to interpret and implement solutions to comply, often against tight deadlines, whilst also undertaking their core ‘business as usual’ activities. Understandably, resourcing and skills constraints can follow, leading to short-term or tactical solutions which inevitably increase regulatory and operational risk.
Regulatory interpretation advice is often open to change and Investment Managers need to be prepared to adapt plans as clarity around each regulation evolves. The requirement to implement short-term solutions to meet a regulatory imperative in advance of a fully completed and automated solution is common place. Resourcing the time and skills necessary to navigate the compliance implementation challenge is testing and has the potential to disrupt the primary business strategies.
Resolving The Challenge
ISC understands how to implement regulatory change. Deploying expert delivery skills and often harnessing technology, ISC can manage the implementation of rigorous compliance solutions that reduce legal and operational risk. Previous assignments have included: LIBOR, MIFID II, Solvency II, AIFMD, EMIR and many others. Needless to say, ISC stay up to date with all existing and future regulation that impacts the buy side of the Investment Management industry.
Pragmatism, flexibility, and tenacity are all facets we employ in ensuring that our clients have the very best chance of meeting their regulatory obligations. We work collaboratively and transparently with our clients, and call on our significant corporate experience to navigate the often unpredictable nature of regulatory change.
Examples of our Completed Projects
Programme Management of the implementation of a firm-wide programme on every aspect of the MiFID II regulation across a well-known asset manager.
Implementation of the mandatory collateralisation of derivatives at a firm where no previous capability existed.
ISC's client was embarking on a multi-year programme to improve & automate Pillar 3 asset data to their main insurance client for QRT delivery.