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Compliance and regulatory matters
Expert insight to help you stay up-to-date with changing regulation
Paul Richards, Head of Adviser Distribution, Fidelity International and Chris Davies, Founder and Chief Executive of Model Office discuss the key governance, risk, and compliance challenges advice firms face today and the steps they can take to ease this ever-increasing burden.
01:10 What is RegTech?
02:28 Impact of AI
03:41 FCA supervision strategy
05:28 What data is the FCA interested in and why?
07:25 Cost of compliance
08:31 Time spent by advisers on compliance
09:18 How many firms are using data analytics/RegTech?
10:55 What efficiencies can RegTech provide?
12:19 How to ensure governance, risk and compliance efficiencies while maintaining profitability
14:23 Should compliance costs be passed on to clients?
15:57 How can firms build a truly data-driven system?
17:54 Three key takeaways
The Model Office latest annual benchmark report, in association with Fidelity Adviser Solutions, builds on 6 years of reporting on its RegTech data across hundreds of retail intermediary advice firms (RIAs). The report provides a good benchmark and comprehensive review across the key governance, risk, and compliance challenges firms are facing.
The key areas identified by the FCA for improvement in the advice process.