COMPLEXITY: Impact Analysis to Baseline Regulatory Requirements

Nature 💠 Scale 💠 Complexity 💠 Precision

Rules are complex. Interpreting rules and deciding the actions required to be compliant should be completed once with a clear focus on the outcomes.

An agnostic approach will promote wide re-use of the result of the analysis.

Regulated businesses are encouraged to take a risk-based approach.

If you adopt this approach during an Impact Assessment, it will result in a patchwork of solutions, your work will be undermined over time because of shifting sands.

A risk-based approach is appropriate for Business as Usual. For change management to achieve digital resilience, you are only as strong as your weakest link.

A Regulatory Impact Assessment requires a strong baseline, it must ensure completeness to allow the adoption of future changes without having to revisit work already completed. The choice is chaos or control.