Risk and regulation

Turning compliance into competitive advantage

Whether it’s Dodd-Frank, Basel III, FATCA or EMIR, financial institutions must address a constant stream of new regulations of increasing complexity. Even though failure to comply could seriously compromise their ability to carry on business, many financial institutions have viewed compliance as a mandatory burden yielding little competitive advantage.

Today, however, industry leaders are adopting a different perspective. They’ve discovered that developing a holistic, integrated approach to regulatory compliance with the capacity to anticipate and adapt to changing regulations can create a significant competitive differentiator. The data that must be consolidated is a goldmine for improved decision making and business agility, while the efforts involved in anticipating tomorrow’s compliance risks keep them a step ahead.

CGI is a partner of choice in helping financial institutions achieve the advantages of such an approach while overcoming the challenges of inadequate legacy systems and the increased need for more resources to manage compliance.

The value we deliver

CGI experts work with financial institutions to build and implement a well-designed risk management framework that fully integrates and aligns regulatory compliance with other internal reporting processes. Benefits of such a model include the following:

  • Fast ROI resulting from improved risk taking and resource allocation, as well as increased efficiency, accuracy, customer value, and sustainability
  • Risk analysis that helps optimize performance by mitigating risks and provides insight into profitable growth strategies
  • A regulatory reporting solution that is highly adaptable, scalable and transparent
  • The breakdown of reporting silos and elimination of off-line processes, such as spreadsheets
  • Reconciliation of management reporting with regulatory data, which enables decision makers to derive real value from high-quality regulatory information
  • Improved collaboration and communication among key risk stakeholders, as a consistent business view is achieved
  • Rigorous risk management processes that can be demonstrated to regulators

Why CGI?

CGI’s vast regulatory experience enables financial institutions to lower their compliance costs while addressing broader issues such as IT governance and data management. Our own governance framework, which supports all of our services and is ISO 9001-compliant, firmly links IT to business strategy, critical processes and service delivery, which, in turn, helps us achieve high levels of client satisfaction.

We have reusable experience, so there is no learning curve, as well as service-based solutions designed to reduce risk and the time required for regulatory compliance and reporting. Our experience and expertise also encompasses the following:

  • Decades of experience in financial services with industry-specific expertise, business-enabling technology and world-leading end-to-end capabilities
  • A team of more than 16,000 professionals helping financial services clients across all continents grow revenues, reduce costs and operate as one business
  • A partner to 23 of the top 25 banks in the Americas, 21 of the top 25 banks in Europe and 7 of the top 10 global insurers, helping them address the challenges of new regulations, manage change in a cost-effective way, implement new operating models, and reduce their IT and processing costs
  • Commitment to building long-term relationships with our clients based on a true partnership philosophy that delivers the best overall solution to achieve their objectives

To learn more about how our risk and regulation capabilities can move your organization forward, contact us.

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