BKL experts discuss how firms can navigate regulatory change, growth and product launches, and use safeguarding audits and external advice to strengthen oversight.
Ben Arram (partner, head of regulatory & compliance advisory at BKL) talks to Alisha O’Donovan (director, audit, financial services at BKL) about the pressures facing firms today. They cover new rules, periods of rapid growth and the risks of launching new products.
They look at how firms can close the gap between where they are now and where they want to be. Asking for outside help is often a sign of strength, not weakness.
A safeguarding audit or another assurance review can also add real value, rather than being just a box to tick.
Firms don’t need all the answers before they speak to an adviser or auditor. Alisha explains that those who stay open-minded and welcome constructive feedback get the most from that relationship. Things aren’t getting easier for firms, but those that take up the support available have a lot to look forward to.
