LEGAL AND REGULATORY COMPLIANCE

A PRIORITY FOR MODERN BANKING

Do you know what

is the percentage of the operating budget that on average a financial entity allocates to legal and regulatory compliance?

Apples on a tree
7%-10%

Do you know which aspects are most commonly violated in terms of Legal and Regulatory Compliance?

Aspects related to Anti-Money Laundering and Data Protection

Do you know how much money banks have paid in the last decade in fines for regulatory non-compliance?

+ 300 billion dollars

In an increasingly complex financial environment, legal and regulatory compliance has become essential for the stability, reputation, and sustainability of banking institutions. Global regulations like Basel III and FATCA, along with local regulations, require banks to adopt robust policies and processes to prevent legal, operational, and reputational risks.

CHALLENGES FOR FINANCIAL ENTITIES

  • Constant increase in regulations: Technical teams must constantly update and adapt to new regulations.
  • Greater complexity: Not only is the number of laws and regulations increasing, but also their complexity, which is worsened for financial entities operating in multiple jurisdictions.
  • High operating costs: Implementing and maintaining compliance systems is expensive, especially for institutions with international operations.
Apple on a branch

Although the challenges are increasing, technology has evolved allowing banks to optimize and automate processes through RegTech technology, which together with artificial intelligence systems, can reduce the costs associated with regulatory compliance.

WHAT RECOMMENDATIONS HAS THE BASEL COMMITTEE ISSUED?

“If you think compliance is expensive, try non-compliance”

Paul McNulty

How QF Nexus help?

At QF Nexus, we understand the challenges of regulatory compliance and we know how to address them efficiently. Our services are designed to provide solutions that optimize your processes, reduce costs, and ensure alignment with the most demanding regulations.

CONSULTING

1

Regulatory Diagnosis:

  • We identify regulatory gaps and risks.
  • We conduct a complete mapping of legal and regulatory risks.
2

Consulting on Regulatory Changes:

  • We create solid corporate governance frameworks.
  • We integrate legal and regulatory compliance management into operational and conduct risk management.
3

Evaluation

  • We implement risk assessment methodologies for legal and regulatory compliance.
4

Consulting on Regulatory Changes:

  • We provide advice on anticipating and preparing for new regulations.
  • We swiftly implement new regulations.
Apples in grayscale with a red apple

TECHNOLOGY

Implementation of RegTech Technology for the legal and regulatory compliance:

  • Centralized storage of regulatory policies, guidelines, and related documentation.
  • Management of the regulatory lifecycle, from creation to updating and approval.
  • Evaluation of regulatory risk through analysis of internal and external data.
  • Tools to measure risk exposure and simulate regulatory scenarios.
  • Interactive dashboards to visualize compliance status.
  • Customized reports for different departments.
Apple production line
Desk with an apple and books

EDUCATION

  • Educational programs on international and local regulations.
  • Training in legal and regulatory compliance risk management.
  • Promotion of an ethical and compliance-oriented organizational culture.

Benefits of Collaborating with QF Nexus

Banks that work with QF Nexus gain significant competitive advantages:

Risk Mitigation

  • Reduction of fines and penalties: Minimizes lawsuits, regulatory sanctions and costs associated with legal issues.
  • Strengthened reputation: Protects the corporate reputation with clients and regulators.

Increase of Confidence

  • Client protection: Complying with transparency, data protection, and risk management regulations generates customer loyalty and trust.
  • Ethics and Trust: Positions the entity as an ethical and responsible leader in the market.

Operational Efficiency

  • Optimized processes: Processes are optimized through automation and reduction of human error and operating costs.
  • Agile implementations: Greater agility to adapt to changing regulations.

Protection in Crisis Scenarios

  • Resilience to crises: Banks with strong compliance policies are better prepared to face economic or regulatory crises, such as pandemics or sudden changes in the legal environment.
  • Reduced operational impact: Complying with business continuity and risk management regulations helps minimize disruptions during critical times.
Woman harvesting apples
Fruits in crates

Improvement of Organizational Culture

  • Ethical culture: An organization committed to compliance promotes a culture of ethics and responsibility across all levels.
  • Better talent attraction: Professionals seek to work in companies with high ethical and regulatory standards.

Ready to optimize COMPLIANCE in your institution?

At QF Nexus, we are committed to being your strategic partner to ensure legal and regulatory compliance, protect your reputation, and maximize your operational efficiency.

Contact us or schedule an appointment

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