Carbon and Energy Economics
Risk management in banking has been transformed over the past decade, largely in response to regulations that emerged from the global financial crisis and the fines levied in its wake. But important trends are afoot that suggest risk management will experience even more sweeping change in the next decade. Pension funds can play an important role in fostering long-term investment and economic growth. While banks continue to withdraw liquidity from the capital markets by making fewer loans, pension funds and their asset managers are well suited to fill that funding gap.
Regulatory changes in the financial services industry have come with dizzying speed and complexity, often with massive implications for business models and competitive strategies. We work with clients to address the impact of new regulatory requirements, and we provide insights that allow clients to identify and seize market and competitive opportunities arising from regulatory change. Our exceptional consulting team of former regulators delivers deeper insight to clients on the most pressing regulatory concerns.
We take a holistic approach to risk issues, combining deep industry insight and strategic skills with a structured risk-management approach, proven methodologies focused on true transformation, analytical tools, and practical implementation. Good regulatory management starts with good organizational design.
Laws and regulations are becoming ever more detailed, extraterritorial reach is increasing, and the consequences of noncompliance are more severe than ever. As a result, many companies in various industries are reviewing their overall approaches toward achieving compliance. They reorganize their lines of defense, monitor compliance in real time through automated controls, and demand that compliance functions work together with the business to eliminate compliance risk “at source” through the redesign of core business processes and automation. Often, this needs to go hand in hand with an organizational transformation that changes mindsets and behaviors.
Implementing regulatory and external-affairs strategies requires top management commitment, cross-functional engagement, and organizational drive. We help clients allocate resources, recruit the right talent, and establish processes to secure stakeholder support for strategic priorities. We also help our clients diagnose their current state of compliance, design holistic transformation programs with them, and support them on selected high-priority interventions in this area.
Industrialized Delivery Systems: Power Purchase Agreement (PPA)
New regulation can put value at risk, but it also can create new opportunities through programs such as stimulus packages or government subsidies. A rigorous and quantified assessment of the value at stake from those risks and opportunities—over both the short and long term—is critical to prioritize an organization’s outreach efforts. We help our clients quickly identify and understand the key regulatory issues that may affect their industries, leveraging in-depth understanding of the profit pools in their industries as well as unique insights into the levers that government and regulators might consider.
We act both for regulators and for companies from a wide range of industry sectors, and that provides us with a full range of perspectives on public policy issues. The key factor setting our team of consultants apart is our breadth of experience in the industries and public sectors in which our clients operate. Our substantial knowledge of those contexts allow us to tailor our advice to each client so we can work proactively to solve the particular problems our clients encounter.
Consistent superior performance and growth are the twin requirements for success as liberalization and unbundling focus pressure on this sector. We serve incumbents and new entrants in this rapidly expanding and liberalized sector. We help clients with issues related to organization, operations, and strategy. Our approach includes a fact-based assessment of the value at stake coupled with a systematic plan for managing key corporate stakeholders.