Technology Change | Deployment | Development | Optimisation
Our strategic, operational and RegTech expertise, simplify and help you address regulatory compliance, whilst increasing your competitive advantage.
Following the 2007 Global Financial Crises, national governments introduced bank regulation to ensure the events would not be repeated. Regulations were introduced subjecting banks and financial institutions to requirements, restrictions and guidelines, designed to create market transparency between financial services and the individuals and companies with whom they conduct business.
In light of banking industry inter-connectivity and national (and global) economic reliance on banks, it was believed essential for regulatory agencies to maintain control over standard practices operated by institutions. Banking regulators took the view that large banks were "too big to fail" as their failure would have serious repercussions over the wider economy.
The result of this is that regulatory reporting has become a prime focus for financial institutions. Regulatory requirements have increased and organisations must anticipate and document current and future risk exposures. The information required is much more detailed and complex than before and a comprehensive view of each institution’s position is required in real-time.
Millennium Consulting's regulatory and compliance services provide a comprehensive range of expertise covering regulatory reporting for the Banking, Insurance, Telecoms and Healthcare sectors. We help businesses anticipate and adapt to ever changing regulatory requirements on both a national and global basis, focussing on areas such MiFID III, Basel II, Solvency II, Dodd Frank, Sarbanes Oxley and IFRS.
Millennium Consulting's experienced team provides specialist regulatory and compliance consulting services to ensure you comply with the evolving legislative environment.
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