Technology Change | Deployment | Development | Optimisation
Strategic, operational and RegTech advice and delivery services to achieve regulatory compliance and competitive advantage
Following the 2007 Global Financial Crisis, national governments introduced new bank regulation to prevent the events being repeated. Regulation was introduced subjecting financial institutions to strict requirements designed to reduce operational risk and deliver market transparency between financial services firms and the third parties with whom they dealt.
In light of banking industry inter-connectivity and the reliance upon financial institutions for national economic stability it was believed essential for regulatory authorities to control the working practices of financial institutions. National governments provided financial support to several banks believing that they were "too big to fail" and any failure would have serious repercussions for the wider economy.
The introduction of new regulation is a significant challenge for Financial Institutions and Business as Usual (BAU) teams rarely have the experience needed to introduce and manage the change process and this is where a third part regulatory specialist consultancy can add value. Millennium Consulting has been operating since 1995 assembling quality-assured teams for Finance, Technology, Compliance and Risk projects for clients in 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 including MiFID III, Basel II, Solvency II, Dodd Frank, Sarbanes Oxley and IFRS.
We take part in complex change programs assigning Solutions Architects, Program Managers, Project Managers, Functional Consultants, Technical Consultants, Developers and Test Specialists to deliver successful solutions.
T +44 (0) 845 604 4262
5 Underwood Street