Regulatory Review

Regulatory Review

    The business challenge
    A global Financial Services company had been asked to select a Skilled Person for a review of Financial Crime at the organisation. The organisation had to select an external partner and agree the parameters of the review within a short space of time under the scrutiny of the UK FCA regulator.
    How we helped
    P2 provided a small team to coordinate the selection process to ensure the right partner was found to support the organisation in achieving the Financial Crime control improvements. As part of the project the team also established the internal governance and reporting which allowed the company to maintain oversight and control.
    The results
    The organisation found an external partner who were supportive and challenging and the review progressed to plan. Ultimately the organisation received an acceptable rating from the regulator and is now in the delivery and stabilisation phase of the program which is being run by the internal team that was established as part of the program.

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