• A reputation for professional excellence with integrity

    A reputation for professional excellence with integrity

  • Accurate understanding and technical analysis

    Accurate understanding and technical analysis

  • National and International Experience

    National and International Experience

  • 34 years in private legal practice

    34 years in private legal practice

  • A focus on events and consequences, not gossip

    A focus on events and consequences, not gossip

  • Helping lawyers, brokers, accountants, surveyors and other professions

    Helping lawyers, brokers, accountants, surveyors and other professions

  • There when you need him

    There when you need him

Telling Tales December 2017

19 Dec 17

Exemplary situations of risk or crisis. This month:

Regulation Culture: Driven by the Top, or Pulled from the Bottom?

I missed last month’s Newspage because I was travelling, to Singapore, New Zealand and then Brisbane in Australia, with new thrills and (nearly) spills every day. Besides the wondrous sights and natural geography, what struck me most was not the similarities from shared heritages, but rather the extent of their divergence as maturing nations, from each other and the UK, since I experienced them previously in the 1970s. In particular, the priorities of equality, especially between genders, are as much a product of ground-up social currents as top-down impositions and economic trends. Hierarchies have developed of course, and some differences of wealth or social status are widening; but diversity is an integral energy, not just an intellectually attractive idea or pecuniary force. The UK pattern seems more the latter, leaving more people straggling or disaffected, intensifying insight into the resentments of the activities of central regulators and busybodies felt by many professional services firms. So much of regulation feels artificial or unconnected from daily realities – confounding both those who draft the rules and those who try to conform to them.  As a result, interpretations and ultimately sanctions for transgressions must often be trimmed according to prevailing climates at the time of trial and sentence, rather than before or at the time of an alleged misdeed.

I shall accordingly be drawing upon my recent experiences as a refresher course to help not only my understanding of the aims underlying new laws and regulations, but also in predicting outcomes. My New Year Resolution is to focus more on where the client is likely to be taken than where they have come from.

DO …

Keep abreast of legislative and regulatory developments and cases to stay aware of climatic trends;

Expect outcomes to reflect standards and priorities prevailing now, not historically.

 

DON’T …

Allow the facts of prior events or models to disguise new realities.

 

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Professional Risk Expertise

Mike Willis has worked with a diverse range of professions including...

The FMWL Approach …

  • Accurate understanding and technical analysis;
  • Focus on duty, causal event(s) and consequences; not gossip…
  • Sensitive but objective empathy;
  • Overarching commerciality; and
  • Clear aims, with vision where necessary to explore indirect routes to solutions.