Finance, Risk & Compliance

Integration and Co-ordination Create the Optimum Information Management Environment

Finance, Risk and Compliance (FRC) demand specific skills and focus. But these must be applied in a context of integration and co-ordination. Regulation-driven change demands a fully interrelated approach. Previously separate silos have to interact effectively, not just to achieve compliance, but to drive the whole business forward.

The challenge facing everyone involved in FRC is clear: deliver business value as well as compliance from an integrated approach, one that embeds key disciplines deeply within the business. Effective FRC practice has to be much more than an overlay. It should co-ordinate and correlate the activities of key roles such as CRO, CFO and CCO and the teams who support them.

Don’t Always Remake – Remodel
Adopting an integrated approach may involve wide-ranging changes in the way key FRC functions are performed. This doesn’t mean all existing learning and practice must be discarded. The FRC wheel does not have to be reinvented every time. But it is always capable of running more smoothly and in a more productive direction, especially when regulatory responses are based on a single rationalized data set, as opposed to the reconciliation of three separate views.

To Understand Regulatory Change Drivers, Ask the Right Questions and Talk to the Right People
Our approach to regulation is positively different. We don’t simply re-state the rules. We engage with the Regulators. We create forums where they share insights with the industry. We learn from them. Then we apply

our learning to leading-edge thinking and practical solutions. As a result, we help build operational environments that do more than fix things after they go wrong; they actively help to pre-empt and prevent regulatory non-compliance.

Capco’s financial services regulatory consulting expertise helps to bridge the gap between regulatory frameworks and operational issues. Our practitioners work with CFOs, CROs, CCOs, and their teams to help transform FRC from a reactive, siloed set of functions into an integrated discipline that supports total business strategy, through:

Optimizing operating models and governance of FRC.
Understanding and meeting regulatory demands and responding to accounting challenges.
Increasing visibility and accessibility into finance, risk and compliance information.
Transforming and standardizing processes and systems to increase efficiency and mitigate risk.
Improving data strategy, management and presentation to enable better business decisions and more effectively manage risk.
Reducing cost and boosting ROI through transformation.
Promoting growth and innovation.