ARROW Reviews

Chase Cooper's expert and experienced risk & compliance team provide the skills to address the specific requirements of your organisation.

Strategic Compliance Breakfast Briefing - Chase Cooper Compliance Solutions

FSA ARROW visits define the regulatory relationship

Firms regulated by FSA are subject to formal, broadly-based risk reviews, under the ARROW branding. The results of the ARROW review are used to define the parameters of the ongoing FSA relationship, including the intensity of supervision.

FSA looks at risk across all relevant categories, from financial and operating controls to political risk and corporate culture; and insists on discussions with functional heads, from business units to support departments, from the Chief Executive to the Non-Executive. FSA is increasingly also incorporating ‘theme’ issues into the ARROW reviews, based on their current concerns.

Hosting an FSA ARROW visit without proper preparation is usually an embarrassing and expensive mistake, in terms of servicing future regulatory demands based on an unflattering FSA view.

Chase Cooper’s blend of practitioners within the compliance solutions and consulting divisions gives us unique expertise across all business and risk categories, from governance, culture and compliance to operational and quantitative risk management supported by a deep understanding of the regulator and your business based on years of personal experience on both sides of the fence.

We will work with you to ensure the best outcome from your upcoming ARROW review.

Working with you we will:

Review your business, operating model and controls to highlight perceived risks to FSA’s statutory objectives
Share with you current FSA 'hot topics' and thematic initiatives
Prepare individual senior managers for FSA discussions
Assess likely issues arising from your ICAAP
Provide feedback on management information and exception reporting processes
Make recommendations around documentation and process standards for risk mitigation
Create a draft remediation plan, in order for the firm to be planning and acting on the most important risks before FSA arrives.

To arrange an initial discussion on how Chase Cooper can help with your ARROW review please click here or telephone Nick Gibson on 0207 017 3080