Compliance lapses have a real potential to affect a company’s business and reputation. From our discussions with senior compliance professionals, we know that dealing with the management of day-to-day compliance responsibilities and optimally managing new regulations and planning for future developments, is difficult. There are real risks that, despite best endeavours, important issues may be, at best, less than adequately managed and, at worst, missed.

A recent survey suggests that a change to industry reporting (regulatory liberalisation - 26% and regulatory restrictions 29%) is one of the key drivers shaping the financial services sector.

Drivers shaping the financial services sector: regulatory restrictions and regulatory liberalisation are important factors.

Source: PricewaterhouseCoopers/Economist Intelligence Unit survey

One way to protect against potential problems is to utilise the services of specialist compliance consultants. 

The value of an independent, knowledgeable resource

A regulated business cannot delegate its compliance responsibilities; however, at Momenta we can provide your business with an invaluable source of support, guidance and help which would free in-house professionals to devote more of their valuable time to running your business without distraction.

How we can help

• Assist with applications for FSA approval, variations to business permissions, rule waivers and special notifications

• Assess and advise on the implications on new regulation

• Draft or update compliance policies or procedures

• Develop risk assessment tools and compliance plans

• Review compliance arrangements and advise on efficiencies and improvements

• Guide clients on developing their FSA relationships

• Provide general regulatory and compliance advice to the compliance officer and senior management

• Design and deliver bespoke compliance training sessions to compliance staff, anti-money laundering staff and senior management

• Advice on and co-ordinate remedial work following FSA Risk assessment or theme visits.

Our approach, tried and tested through many projects with retail and investment banks, investment advisers, insurance companies, package product providers and professional services, is designed to ensure that your business is able to continue secure in the knowledge that compliance issues are understood, and uninterrupted by any awkward and potentially expensive surprises.