How we helped a global asset management firm under the scrutiny of its internal audit department
The internal audit department of a global asset management firm identified considerable inefficiencies in its Compliance Department’s disclosure processes, including an ageing internal system, lack of country coverage and an absence of understanding of the rules.
How we solved it
We applied our in-house experience and expertise in shareholding rules to conduct a review and analysis which found a number of monitoring and reporting deficiencies.
Our experts worked closely with the client to rectify the reporting failures, resulting in the avoidance of any regulatory censure. We also put in place a robust process for future compliance with global shareholding rules.