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Manigent Seven statements

Seven statements we would like our clients to make about us:

  1. “they are our strategy execution partner” 
  2. “I enjoy working with the Manigent team”
  3. “they added value from the first meeting”
  4. "they attract uniquely talented people”
  5. “their integrated approach works for us”
  6. “their project delivery is outstanding”
  7. “they are easy to do business with” 

 

 

 

Section 166

The average cost of Section 166 Reports in 2009/2010 was £128,000 with the most expensive costing 4.4m, a significant increase on previous years. 

In 2009/10 the City saw a surge in Section 166 reports being ordered, with 140 companies having to commission skilled persons reports covering areas including capital adequacy, governance, risk management and complaint handling.

This represents a jump of almost 60% from the previous year.

How can we help? 

With experience of supporting clients implementing transformational Risk Mitigation Programmes (RMP) and a number of Section 166 Report responses, including managing the response to one of the largest, most wide ranging Section 166’s issued by the FSA in 2009/2010, our consultants are well placed to support clients who are facing the regulatory scrutiny.
Our consultants engage with both our clients and our client’s supervisors to deliver an effective response to a Section 166. We bring our expertise and experience to bear to provide;

  1. Situational analysis – using our unique discovery workshop approach within a 2-5 day period our consultants work with clients to establish a clear understanding of the current situation, key regulatory points to be addressed, desired future state and an actionable gap analysis.
  2. Risk and Controls Framework expertise – our Risk-Based Performance Management approach provides a proven framework which clients can deploy to 1) meet the demands of the regulator and 2) drive significant business value.
  3. Programme Management capability – when under regulatory scrutiny delivering on the commitments made to the FSA is critical, both to reduce the potential for further regulatory action and to build credibility with all stakeholders, the regulator and senior management. Our consultants have the experience and programme management tools to effectively deliver the change programme that a section 166 will unquestionably demand.