Our Services
Training & Development
Tailored training and coaching for boards, senior leaders, and SMF holders. We deliver practical, role-specific support - from regulatory reporting to ongoing professional development - designed to build competence and confidence.
Business Growth & Advisory
From start-up support to scale-up strategy, we help financial services firms grow and adapt. Our advisory approach combines commercial insight with deep regulatory knowledge to deliver solutions that work for your business.
Compliance & Regulatory Support
We provide ongoing compliance support and change management services - monitoring regulatory shifts, assessing impact, and guiding implementation. Our aim is to keep you ahead of evolving expectations.
Quality Assurance
Independent reviews and assurance across submissions, systems and processes. We help ensure accuracy, regulatory alignment, and readiness for scrutiny.
Our Expertise
Our subject matter expertise covers:
Our subject matter expertise covers:
- Pay fines Regulatory authorisations including new license applications
- Variation of Permission (VoP) and Change in Control (CiC)
- Regulator interventions such as s166 / Skilled Person reviews and potential enforcement actions
- Senior Manager Function (SMF) applications & development plans
- Regulatory Capital / ICAAP / ICARA, C-SREP preparation
- Regulatory Liquidity / ILAAP, L-SREP preparation
- Recovery Planning, Resolution Planning, Fire drills & Playbooks
- Solvent Exit Analysis and Solvent Exit Execution and Wind-Down Planning
- Governance and Board Effectiveness Reviews
- Senior Managers and Certification Regime (SM&CR)
- Risk Management Frameworks, Control Frameworks, Risk Appetite, Risk Policies and Reporting
- Conduct and Consumer Duty
- Outsourcing & Third Party Risk Management
- Credit Risk and Asset Quality
- Liquidity & Treasury Risk Management
- Compliance Frameworks and testing
- Financial crime risk frameworks and management including AML, KYC/B, ABC, CTC, Fraud, PEPs and sanctions
Our Services at a Glance
Capital Planning
Comprehensive support across your regulatory capital assessments
Our ICAAP and ICARA services include comprehensive document drafting, methodology reviews and regulatory liaison. We work collaboratively with internal teams to develop credible and proportionate assessments that meet supervisory expectations while reflecting the firm's actual risk profile and business strategy.
Our Capital planning services also include support in development and review of capital strategy, policies and procedures, and oversight to ensure these are fully integrated within the wider risk management framework that underpins the ICAAP and ICARA.
For Stress Testing, we design bespoke scenarios aligned with regulatory guidance, implement robust methodologies and deliver comprehensive analysis that demonstrates the firm's resilience under adverse conditions. Our approach ensures full traceability from scenario design through to management actions and capital planning.
Regulatory Liquidity, ILAAP & Treasury Risk
At Red Queen Advisory we combine regulatory knowledge with industry experience to support you in identifying and managing your liquidity and treasury risks.
Our team can support you in developing or enhancing your:
Regulatory Reporting
Comprehensive support across all regulatory reporting requirements.
Prudential Reporting
We provide comprehensive support or all prudential reporting requirements, working closely with finance, risk and compliance teams to ensure accurate and timely submissions. Our expertise spans the full spectrum from data collection and validation through to regulatory interpretations and submissions.
For COREP/FINREP submissions, we establish robust data governance frameworks, implement automated validation controls and provide independent quality assurance reviews. We have successfully supported firms through regulatory examinations, identifying and resolving data quality issues before they become regulatory concerns.
Our MIFID PRU reporting services support investment firms in meeting the prudential requirements under the Investment Firms Prudential Regime. We provide comprehensive support for quarterly and annual submissions including own funds calculations, concentration risk assessments and liquid assets monitoring. Working closely with finance and operations teams, we establish robust calculation methodologies, implement automated monitoring systems and deliver regulatory-ready submissions that demonstrate compliance with capital adequacy and liquidity requirements.
Recovery and Resolution Planning
Solvent Exit Analysis and Wind-Down Planning
When the unexpected happens, being able to draw upon a credible Recovery Plan that sets out a variety of options that can be used in different types and severities of stress is an essential. Our team are able to provide insight on all elements of recovery planning, from indicators and options, to scenario analysis and communication strategies. Whether you are drafting a Recovery Plan for the first time, seeking assurance over credibility of the plan or looking to benchmark from a proportionality perspective, our team are able to provide advice. Where there is a plan in place, we can support with designing and running fire drills, or developing and evaluating play books.
Where are recovery or a solvent exit is not viable, regulators rely on the presence of a comprehensive Resolution Pack. Our team can support you in ensuring these documents contain all the necessary information and meet regulatory expectations. For those more complicated firms, we can support you as you navigate the Resolution Assessment Framework (RAF), drawing upon our experience from others in applying these requirements to your unique business situation.
Solvent Exit Analysis and Wind-Down Planning
Our Solvent Exit Analysis (SEA) service helps Boards and senior management understand what steps would be required to exit the market whilst remaining solvent. We evaluate business model resilience, exit options, likely barriers to exit, and the firm’s ability to repay creditors in full under a range of stress scenarios. The output supports regulatory dialogue and informs strategic decisions on future viability.
Where the need for a solvent exit is likely, we can also provide detailed Solvent Wind-Down Planning support. This includes developing comprehensive, wind-down playbooks covering governance, operational readiness, financial projections, wind-down triggers, and intra-group dependencies. We work across all relevant functions to ensure the plan is executable and sustainable, bringing experience of having supported previous UK bank wind downs.
For firms actively pursuing a market exit, we also offer tailored execution support, including project management and risk mitigation to ensure the wind-down proceeds in line with regulatory expectations and internal objectives.
Risk & Control Management Frameworks
At Red Queen Advisory, we understand that risk management is not about risk avoidance. We will help you identify, manage, monitor and mitigate risks whilst balancing commercial risk and beating business inertia risks. Our experts can support you review, draft or enhance:
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The risk management framework (RMF)
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Key risk policies (for example, but not limited to: credit, financial risk management, arrears management, vulnerable customers)
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Risk identification, assessment and management across the risk and control environment
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Risk taxonomies, control libraries, ownership and stewardship of risks and controls
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Process and procedures including reporting and action on risk and control events, trigger event and read across
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Risk appetite statements, breaches, exceptions and escalations
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Control effectiveness review, assessment and reporting.
Regulatory Affairs
Proactively managing your regulatory interactions is essential to meeting your business objectives and preventing unwanted distractions. Our team of ex-regulators and experienced advisors can provide valuable insight to help you navigate all regulatory affairs from continuous supervision to regulatory interventions.
Understanding the UK regulatory environment, key regulations and how to manage supervision
- Regulatory training across the regulatory landscape and specific risk management and regulatory topics
- Support in developing regulatory relationship maps and interaction maps
- Advice on how to manage messaging and interactions with supervision
- Support in responding to specific regulatory consultations or thematic requests
Reversing risk management and governance scalars or navigating off the watchlist
- Support in understanding regulatory actions
- Advice on how to manage communications with stakeholders (including shareholders and supervisors)
- Development and support in delivery of action plans to address issues
Support for individuals or groups in preparing for regulatory interviews, from annual visits or thematic reviews, to SREPs and SMF interviews.
- Advice on how to approach regulatory interviews
- Likely agendas and questions
- Mock interviews in a safe environment to get interview practise, ask questions and test out different approaches to tackling key topics
- Individual development and firm action plans
- Support in understanding feedback and next steps
How to approach any enforcement action that is proposed to be enacted by the Regulator
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Guidance regarding regulatory relationship management for Boards, Excos and SMFs
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Linking to internal and external legal teams to suggest best practice and approach
Support to Boards, Exco’s and individual SMFs when firms are subject to Regulatory Skilled Person (s166) and similar reviews, including:
- Advice on how to face-off to the s166 appointed firm and Regulator
- How to manage both of their expectations and relationships between all
- Advice on any challenges to the proposed scope of such reviews before they are finalised to ensure they remain as narrow and focused as possible
- Support in pulling together and providing information requests
- Insight into what the s166 firm and Regulator might be thinking and how to stay on the front foot as their investigations progress
- Attendance at key meetings to support the firm with questioning and next steps
- How to respond to draft s166 reports
- How to handle any recommendations and remedial plans arising from the investigations
- Management of the remedial plans to ensure the firm delivers on the key requirements
Financial Crime Risk Services
Effective financial crime risk management is essential to protecting your customers, profits and brand. Red Queen Advisory can help you with:
- Review and enhancements to FCR policies (AML, CTF, AB&C, Sanctions, Fraud) and structure of first and second line teams
- Developing / enhancing risk management framework including roles and responsibilities, risk and control management, governance and reporting, trigger event and read across processes
- FCR control effectiveness review and enhancement, for example:
➞ Transaction Monitoring risk assessment to assess risk coverage against major regulatory expectations
➞ Transaction Monitoring Post Implementation Reviews to determine new rule thresholds and increasing the effectiveness and efficiency of SAR filing from alert ratio
- Consulting on bespoke FCR mitigating processes such as interactive dashboards, transactional analysis and customer behaviour
- KYC / onboarding / exit process review including PEP policies, risk rating and periodic review
- Review and enhancement of FCR training across AML, CTF, sanctions, ABC, fraud and tax evasion
- Delivery of targeted FCR training to management and staff
- Governance and reporting structure, Risk Appetite setting and external reporting.
Conduct & Consumer Duty
Our team of industry professionals, advisors and ex-regulators are able to support you across a range of conduct and consumer duty topics to combine regulatory knowledge and industry insight with practical, pragmatic solutions that are right for your business.
Credit Risk and Asset Quality Reviews
Operational Resilience, Outsourcing and Third Party Risk Management
The PRA undertake regulator credit or asset quality reviews as part of their continuous supervisory approach, regardless of your business model. To help firms manage this risk for their own peace of mind, or to meet regulatory expectations, we support banks in conducting targeted or holistic reviews of credit risk management and asset quality, leveraging deep second-line and Chief Credit Officer experience.
Our reviews assess the effectiveness of credit frameworks, lending standards, portfolio performance, provisioning approaches, and alignment with risk appetite. We identify areas for improvement in governance, oversight, and MI, and can support firms in preparing for regulatory scrutiny or addressing feedback from supervisory reviews.
Whether focused on a specific portfolio or a firm-wide assessment, we offer practical, proportionate recommendations to strengthen credit risk management.
Operational Resilience, Outsourcing and Third Party Risk Management
In a world in which firms’ are increasingly reliant on technology, vendors and third parties, it is not just important to ensure you meet regulatory requirements across Operational Resilience and Outsourcing and Third Party Risk Management (OTPRM), but something all senior management teams should be doing for their own operational security. Our team are able to support you in all aspects of this work.
- Operational Resilience
➞ Important business processes
➞ Impact tolerances
➞ Scenario / testing plans
- Outsourcing and Third Party Risk Management
➞ Definitions and materiality assessments
➞ Vendor due diligence frameworks and oversight
➞ Intragroup arrangements
➞ Governance and record keeping
➞ Risk assessments
➞ Contracting