Operational Regulatory Service
Relieving the pressure of regulatory change
With many financial services companies finding it increasingly hard to handle changing regulations and implement the new rules efficiently and compliantly, a growing number are seeking outside support. The bodies responsible for setting and enforcing the new rules are also under incredible pressure.
In the next three years the industry will have to contend with more than 100 new regulations – added to the hundreds it already has to comply with. MiFID II, PRIIP and GDPR merely pave the way for the next wave of new rules. Upcoming challenges include the Swiss equivalents, such as FinSA (FIDLEG)/FinIA (FINIG), the revised data protection act, the EBA Outsourcing Standards, and the EU’s Sustainable Finance Regulation.
PwC’s dedicated Operational Regulatory team is there to relieve the regulatory pressure – whether you’re a bank or a financial intermediary. Call us if you need expert relief.
Our services
The Operational Regulatory team supports financial intermediaries in all areas of financial market regulation.
The particular focus of our interdisciplinary team is providing advice and support throughout the process of implementing new regulations. Our strength lies in our ability to understand both the regulatory requirements and our clients’ different business set-ups, so that we can give them the specific guidance they need as they come to terms with the new rules.
Operational Regulatory provides you with practical support along five phases covering the entire regulatory life cycle.
Phase 1: Early identification – Regulatory Radar
- Regular client events/management awareness training
Phase 2: Gap & legal assessment
- Legal assessment of regulation
- Gap assessment against the client’s set-up
Phase 3: Business requirements
- Definition of business requirements
- Implementation guidelines
Phase 4: Implementation
- Support draws on combined strengths of PwC’s Assurance and Advisory lines of service
- Regular legal advisor
Phase 5: Business as usual
- Single point of contact for all regulatory issues
Your benefits
- Clear-sighted guidance throughout the regulatory journey – from a team with a successful track record of implementing regulatory change initiatives
- Less pressure on your regulatory, compliance and legal people
- Strategic and operational support, all the way to implementation and post-implementation
EBA Outsourcing Guidelines
An exciting topic which will significantly affect the financial industry.
FinSA / FinIA
Analysis of the requirements of the Federal Financial Services Act and Financial Institutions Act applicable to financial intermediaries.
PwC and Anevis Solutions Regulatory Suite
Outsourcing the generation of your regulatory documents.
Contact us
Dr. Antonios Koumbarakis
Head Strategic Regulatory & Sustainability Services, PwC Switzerland
Tel: +41 58 792 45 23
Philipp Rosenauer
Head Legal Regulatory Implementation, Legal, PwC Switzerland
Tel: +41 58 792 18 56
Contact us