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19 November 2015 21:35
Stop Press!
This week has been a busy one for LOC Consulting. Peter Osborne, Managing Director, appeared in City AM on Thursday discussing how to ensure your business gets the most value out of consultants. And earlier in the week, Tim Kempster, Programme Director, wrote an article for Computing, discussing the challenges the Government faces in introducing initiatives to better embed SMEs within the “walls of Whitehall”. - read more
16 November 2015 08:56
The Light Touch PMO Misnomer
Just like the systematic process adopted to redecorating a home, an effective Project Management Office (PMO) must take care to ensure that the right processes and procedures are applied in the right way and order (priority and relevance) when delivering a project. PMOs need to make sure they use the right ‘touch’. - read more

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Sectors / Financial Services

Credit Suisse

In the wake of the financial crisis, regulators globally are implementing new rules governing derivative trading and other financial service transactions. The aim of these new regulations is to improve controls and increase market transparency in the financial markets.

Credit Suisse

LOC is working as part of Credit Suisse’s programme leadership team to ensure the necessary corporate governance and change capability is in place to deliver a successful programme for the bank. Our work helps CS to address the new regulations in a way that allows them to engage with their trading partners compliantly, to intervene in a timely and appropriate manner should issues arise, and to continue to do good business for themselves and their clients. James Keenan, LOC Consulting

Operating in a regulatory environment

Credit Suisse Group ("CS") operates globally through its Investment Banking, and Private Banking & Wealth Management divisions, both of which are affected by several of the new regulations. Implications for CS include compliance with multiple complex regulations, which often have ambiguous requirements and scope, and are occasionally contradictory. Further, the regulations tend to become effective in the same broad timeframe across different product sets and jurisdictions, leading to different impacts for different clients and trading teams around the world.

CS mobilised a global programme to address these compliance requirements, based on a blend of business, IT, legal and compliance, and change expertise. LOC Consulting’s proven track record of delivering complex business change positioned the company ideally to assist CS with this unique challenge.

LOC personnel are deployed in a number of key roles across the global programme, in programme- and change management leadership roles. What started as a delivery role on the programme communications and training workstream quickly led to LOC programme and project managers joining the wider team to adopt senior workstream lead and delivery roles in additional areas.

Find out more about the capabilities LOC delivered for Credit Suisse:


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