Pioneering a data-led approach to managing regulatory, legislative and compliance risks

BSG assisted a leading South African insurance and investment company to understand the South African and European regulatory landscape and define a list of applicable compliance initiatives that needed to be executed across the organisation to mitigate major financial and reputational risks, and meet regulatory requirements.

 

overview of the clients needs
  • Understand the South African and relevant European regulatory environment and the regulations applicable to the client
  • Understand the client’s compliance gaps across people, process, systems and data components
  • Create a roadmap to execute compliance initiatives against, meeting regulatory requirements and deadlines
  • Create a clear view of compliance gaps that may lead to regulatory fines using existing client and industry data
  • Outline business requirements to close these compliance gaps
  • Provide a practical approach and roadmap to implement these key compliance initiatives
  • Create and implement a regulatory operating model to ensure compliance going forward
  • Drive implementation of process, system and people related regulatory change
  • Reducing financial and reputational risk emanating from potential fines
  • Reduction in errors and omissions from a financial perspective due to automation of manual compliance checks
  • Seamless management of regulatory, legislative and compliance changes
  • Automation of business compliance requirements
  • Enhanced compliance business intelligence reporting

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Leveraging existing client and industry data to create a view that closes compliance gaps, and mitigates major financial and reputational risks.
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BSG has the knowledge and experience to leverage existing client and industry data to create a view that closes compliance gaps, and mitigates major financial and reputational risks.

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