Remediation services
When there has been a regulatory failure ; it is essential to take immediate remedial action to prevent such reoccurrence.These failures will often lead to either full or partial enforcement proceedings which will place a heavy burden on your organization, demanding a significant amount of skilled resources and imposing tight timetables for action.
How we can help:
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Preparing a root cause analysis showing how and why the failures occurred
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Briefing senior management on the conclusions arising from the root cause and work with them on an action plan
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Communicating with the regulator on the remediation plan, its timing and reporting to ensure that a satisfactory resolution is achieved
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Revising or creating new policies and procedures in the areas that were deficient
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Training relevant staff in the new procedures
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Conducting past business reviews
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Liaising with the Firm’s legal counsel
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Drafting and assisting in the implementation of a risk mitigation programme
