Building a Proactive Regulatory Engagement Strategy

The PRA and FCA expect firms to be open, transparent, and accountable. A well-crafted engagement strategy not only helps firms to meet these expectations but also build trust, streamline communication, and reduce the risk of surprises. When regulators have confidence in a firm, the benefits can be substantial, such as reduced regulatory scrutiny, fewer demands on senior leaders, and a more collaborative approach to resolving issues.

Here’s how you can make sure your regulatory engagement strategy is strategic and effective.