Providing the support your business needs to meet its regulatory requirements from initial assessment into business as usual.
In a fast-paced, ever-changing world, organisations operate in an increasingly complex regulatory landscape, impacting their ability to effectively meet regulatory requirements.
Risk Services
Risk Governance & Oversight
A Risk Management Framework demonstrates a commitment from the key decision makers to risk management, including responsibility and accountability, alignment with your strategy and objectives, articulation of your risk appetite(s).
Risk Management
Risk management includes a structured approach to identifying risks, assessing the inherent risks, analysing internal controls and reporting the residual risks.
Risk Culture
Risk culture refers to the values, beliefs, knowledge and understanding within an organisation that shape the collective approach to managing risk. A positive risk culture can be seen as an enabler for effective risk management, through a structured process developed by the Institute of Risk Management.
Regulatory Services
RegOps
Regulatory Operations focuses on the effective and efficient operationalisation of an organisation’s policies and procedure to ensure ongoing compliance with relevant laws and regulations. The growth of organisations, and their underlying client volumes, put constant pressure on teams and processes
RegTech
There is a growing need to use technology to facilitate compliance with regulatory requirements by streamlining and automating compliance and client onboarding processes. These technology solutions are commonly referred to RegTech.
RegVisits
All regulated organisations will go through regulatory visits, either on an ongoing basis or through thematic examinations. These visits require planning and preparation to ensure that the organisation is ready for their visit. These visits inevitably result in remediation work that also requires planning, delivery and implementation.
RegChange
Organisations are often required to manage complex and overlapping regulations across the business. Organisations are also required to maintain compliance whilst responding to changes in requirements, something which can be challenging when balancing this with the business's wider organisational objectives.
RegAssurance
Boards and senior management regularly require independent assurance that their organisation’s policies and procedures are aligned with the laws, regulations, and standards that are relevant to their organization.
We have the skills and experience to support your organisation to enhance its risk governance and risk management processes, or to design and implement regulatory change.
Whether it’s assessing risk management processes, delivering regulatory technology solutions, developing a regulatory operating model, improving processes and procedures, or implementing new regulatory requirements, we can help by providing the change management and project structure to successfully identify, assess and deliver regulatory change.
Our experience of regulatory and compliance projects includes:
- Design and implementation of regulatory changes
- Onboarding and compliance systems
- Client data management and remediation
- Regulatory Technology (RegTech) implementations
- Preparing for regulatory visits, and implementing remediation plans
- Enhancing risk governance and risk management processes
- Developing operating models for compliance and onboarding
What our clients say
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I have been very impressed by how CBO supported the Operational Resilience project. This was a very complex piece of change involving distilling complex FCA rules across the whole enterprise. The solution applied was pragmatic, proportionate to the nature of the business but also fully compliant with the requirements. It was also scalable and will remain appropriate for us over the coming years as we continue to grow.
Risk & Compliance Director, Insurance Group
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It was hugely supportive to have CBO assist us on this journey and offer considered advice and challenge in the redevelopment of our Risk Management Framework (RMF). The result was the successful expansion of an RMF that the group’s Risk Committee could manage on a day-to-day basis and that each part of the business could easily understand and interact with.
Chief Risk Officer, Investment Services Group
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CBO provided independent advice and perspective to help us to review our Data Protection systems and clear guidance as to how we could improve. The implementation plan was developed collaboratively in a structured process which has meant we have been able to deliver changes at pace.
Chief Executive, Medical Services Group
Meet Our Experts in Risk and Regulatory Services
Meet the whole teamRisk and regulatory articles
Context Ravenscroft engaged CBO’s assurance services to help them mature their Risk Management Framework (“RMF”) to ensure that it was fit for purpose to demonstrate effective risk management and risk oversight. Ravenscroft’s Chief Risk Officer (“CRO”) had a desire to mature the RMF, thereby documenting and evidencing how the elements of the RMF work together […]
Since GDPR and the Channel Islands data protection legislation were implemented 5 years ago, personal data has become increasingly valuable and its protection more critical than ever before. Getting it wrong can be costly – for your reputation and your pockets. We sat down with Ed Mason-Smith, data protection expert and director here at CBO, […]
Context In March 2021 the Financial Conduct Authority (FCA) issued its final rules requiring firms within the UK’s financial sector to ensure operational resilience. CBO supported First Central Group, a Guernsey-based UK motor insurance provider, to achieve and evidence compliance with the FCA’s rules. Approach CBO provided project management and business analysis resource to support […]
CBO supported a locally-based independent fiduciary and fund administration business to deliver a project driven by regulatory requirements. After a period of sustained growth, the business identified the need to enhance the efficiency of its existing processes, policies and systems relating to client data management and reporting capabilities. Identifying an opportunity, the client engaged CBO […]
The Medical Specialist Group The Medical Speciality Group (MSG) is a Guernsey-based organisation providing secondary health care and services to islanders across a broad range of specialisms. In the provision of these medical services, the MSG processes a large volume of extremely sensitive personal data where adequate controls of data and processes are needed to […]
Guernsey Mind Guernsey Mind is an independent mental health charity, promoting positive mental health for the community by providing free mental health services as well as raising overall awareness. In the day-to-day running of the charity, Guernsey Mind processes and holds a wide range of personal data. The effective protection, security, and controls over of […]
